On the face of it, the collapse in global oil prices would seem to be good news for the Caribbean. However, nothing could be further from the truth. Instead the rapid downward price movement in global oil prices between mid-June and mid-October threatens, in the short term, present economic recovery, and could jeopardise countries involved in economic adjustment programmes, if it forces Venezuela to review its PetroCaribe arrangements.
26 Sep - 9:38 AM
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