Month: February 2023

Colombia’s OIl Exploration Ban Could Crush Its Economy

Colombia’s OIl Exploration Ban Could Crush Its Economy

In a hotly debated move, the Petro administration hiked taxes for Colombia’s oil industry. Ending oil exploration will compromise Colombia’s energy security. For 2022 alone, crude oil was responsible for earning 34%, or $18 billion, of Colombia’s legitimate export income. The Petro administration simply cannot eschew the fiscal and economic contribution of petroleum to Colombia’s…

GOLDSTEIN: Freezing out the national media hasn’t hurt Poilievre

GOLDSTEIN: Freezing out the national media hasn’t hurt Poilievre

So can he can win the next election without them? Conservative leader Pierre Poilievre speaks to caucus Friday, Jan. 27, 2023 in Ottawa. Photo by Adrian Wyld /The Canadian Press Contrary to what was widely predicted, Conservative Leader Pierre Poilievre’s selective shunning of what he describes as the anti-Conservative media that dominate the Parliamentary Press…

Daily Briefing: Tyre Nichols to be laid to rest

Daily Briefing: Tyre Nichols to be laid to rest

The family of Tyre Nichols plans to lay him to rest on Wednesday, three weeks after he was beaten to death by Memphis police after a traffic stop. Also in the news: The Fed is expected to announce new interest rate hikes today and severe winter weather grips air travel across the country.🙋🏼‍♀️ I’m Nicole Fallert,…

Asian Stock Market: Traders struggle to cheer China, IMF news, softer Oil price amid mixed details

Asian Stock Market: Traders struggle to cheer China, IMF news, softer Oil price amid mixed details

Asia-Pacific equities trade mixed, grinding lower of late as traders remain cautious ahead of top-tier data/events. Upbeat China PMI, IMF growth forecasts join Covid-linked headlines to underpin bullish bias. Mixed concerns surrounding China, due to downbeat Industrial Profits, sour sentiment in India and hawkish BoJ talks probe equity buyers. S&P 500 Futures hesitate in extending…

REVEALED: Petrol price may go as high as ₦800/litre

REVEALED: Petrol price may go as high as ₦800/litre

Oil marketers in Nigeria have stated that the cost of the commodity would cross N800/litre once subsidy on PMS is removed.Industry operators had repeatedly stated that the high cost of subsidy on petrol was a burden on the Nigerian National Petroleum Company Limited and was contributory to the prolonged crisis in the downstream oil sector.…