Energy Ministers of the Caribbean Community (CARICOM) are urging a rapid response at the national and regional levels to the challenges arising from increasing oil prices.
The Ministers, who ended a one-day Special Meeting of the Council for Trade and Economic Development (COTED) here on Thursday, acknowledged that the energy situation remained dire for the net oil importing CARICOM members, given the recent surge in oil prices intensified by the ongoing political unrest in the Northern African and Middle Eastern regions.
According to a statement from the CARICOM Secretariat,