Business

RIYADH, (Reuters) – Neither side is backing down in a battle of wills over oil between Saudi Arabia’s Crown Prince and U.S.

Unable any longer to turn its back on the increasing assertiveness of the clean energy and climate change lobbies, some of the world’s oil-rich countries, though still far from ready to entertain the huge production cuts being demanded by increasing numbers of climate change ‘hawks’ would appear to have finally acknowledged that concessions to the global climate emergency is no longer a viable option; which is why the October 31 to November 3 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) is likely to attract global attention outside the confines of oil producing countries and businesses seeking to share in the enormous profits to be made from the sector.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 990’s trading results showed consideration of $39,156,891 from 134,057 shares traded in 27 transactions as compared to session 989’s trading results, which showed consideration of $8,636,520 from 10,892 shares traded in 16 transactions.

The region is ‘on about’ its food security circumstances again. It appears as though the Barbados Agriculture Minister Indar Weir is sufficiently concerned about his country’s extant food security circumstances as to cause him to call (or at least this is how it seems) for the hastening of the creation of a regional Food Security Terminal, an initiative that emerged earlier and appeared to have had the support, principally, of the Heads of Government of Guyana and Barbados.

The Guyana-Suriname Basin is quickly emerging as one of the most prolific offshore oil regions in the world.

Next week’s 2022 (October 23-28) Trade Americas, Caribbean Region Trade Mission and Business Conference will, not for the first time in recent months, offer US companies the opportunity to assess investment prospects in fourteen markets in the region, not least Guyana, where the country’s meteoric rise to the status of an oil producer has eased it ahead of the rest of the region as an investment haven.

The Stabroek Business had met with Dianna Powell more than five years ago, back in 2017, after she had launched her Pleasurable Flavors brand.

With evidence that on-stage characterisation of gun-related violence is increasingly being used by promoters to popularise the ‘Dancehall’ genre of contemporary entertainment, the Jamaica Broadcasting Corporation           (JBC) has moved to ban music which it deems to be “glorifying or promoting criminal activity, violence, drug use, scamming and weapons,” according to an October 13 Associated Press report.

2022 will probably be remembered as the year in which the Caribbean sought to make what, arguably, have been the most definitive collective steps in its history to focus regional and international on the transformative capabilities of the region’s agricultural sector, even as the more global threat of climate change and, more recently, indications of a food emergency have emerged.

Venezuela’s protracted and punishing search for a route to the recovery of its once vaunted oil industry from more than five years of crippling United States sanctions would appear to be scrutinizing the PetroCaribe ‘oil alliance’ struck in 2005 between eighteen Caribbean countries and the administration of the country’s now deceased President Hugo Chavez as at least a partial option for realizing that objective.  

An enduring proclivity on the part of successive political administrations in Guyana has been to rattle off strings of high-sounding and politically appealing undertakings designed to bring about an instant ‘feel good’ sensation amongst the electorate, only to have those commitments fall by the wayside, often without even an official explanation.

GASCI (www.gasci.com/telephone Nº 223-6175/6) reports that session 988’s trading results showed consideration of $30,997,854 from 58,207 shares traded in 39 transactions as compared to session 987’s trading results, which showed consideration of $40,492,697 from 121,632 shares traded in 30 transactions.

There is every likelihood that Guyana could be the centre of attention when the October 23-28 2022 Trade Americas, Caribbean Region Trade Mission and Business Conference gets underway in just over a week’s time.

With Guyana, as a member country of CARICOM, having committed itself to the goal of reducing regional food imports by 25% by 2025, there exists, at this time, a disproportionate government emphasis on the oil and gas and agro-processing sectors, the preoccupation with the former seemingly having the effect of leaving the latter behind, operators in the sector who participated in the Stabroek Business’ recent ‘mini survey’ have told this newspaper.