The Government of Haiti on July 6 imposed price hikes for a variety of fuels, sparking violent protests across the country that cost lives, destroyed property, shut down air traffic, and even caused embassies, business, schools, and other entities to restrict transit and activity in the country. The government increased gasoline prices by 38 percent, kerosene by 51 percent, and diesel by 47 percent.
As a result of the violent response to the fuel price changes, the government temporarily suspended the price reform. The measure, which was a part of a reform plan agreed to with the IMF in March, was designed to increase government revenue and support public investment in areas such as health, education, and public safety. Known as a staff-monitored program, this reform was aimed at improving policy implementation to facilitate financial support from other donors, namely $96 million in loans from the Inter-American Development Bank, World Bank, and European Union.
It's a one pager PDF full of live links to energy-related data, statistics, and dashboards from leading industry sources. It will be a useful resource for any analyst, business executive, or researcher with an interest in the oil & gas industry, energy companies, biofuels and much more.
2015 was an exceptional year for coal prices. The period of decline which began in 2011, was interrupted by the rapid growth. Coal prices grew by 4-5 percent in August 2017 continuing a 3-5 percent growth in January 2018. Since January 2016, when the price of coal reached a 10-year low, coal prices have rebounded by about 100 percent. This situation is attributable to several factors. First, it is the consequence of an implemented policy in China which aimed at reducing harmful emissions. China is the largest coal consumer and coal producer at the same time. The reduction in own-grown production led to the increase in coal imports. Second,...
More Energy Statistics ... G20 Economic Forecast: GDP growth, Inflation, Unemployment, Government Debt, Current Account Balance
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12 Sept - On Friday, Goldman Sachs slashed its oil price forecast for 2016 from $62/bbl to $49.5/bbl for the international benchmark Brent crude oil and from $57/bbl to $45/bbl for WTI crude, allowing for a short-term price decline to 20 US$/bbl. The sharp revision has attracted considerable media attention, however, Goldman's outlook for 2017 remained unchanged. According to Goldman Sachs Commodities Research, oil market oversupply has already peaked in Q2 2015 and will gradually decline in the coming months to reach a deficit of 305,000 b/d by the end of 2016. Sources: GS Oil Supply And Demand Estimates And Price Forecasts, September...