(Trinidad Express, Aleem Khan, 4.Jul.2019) – High oil prices on their own appear to be good neither for Trinidad and Tobago nor Barbados, according to statements by an International Monetary Fund (IMF) senior economist, and Petroleum Company of Trinidad and Tobago Limited (Petrotrin) Chairman Wilfred Espinet, over the last week.
On June 27, for the second time, Espinet pointed out that Petrotrin is a net consumer of foreign exchange as it pays more for the crude oil than it earns from selling crude products. Espinet first raised the issue in Couva on May 4 while addressing an agglomeration of chambers of commerce.
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