Guyana Should Hedge Against Oil Price Slumps, Ex Finance Minister Says ...Middle East

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Guyana Should Hedge Against Oil Price Slumps, Ex Finance Minister Says
source : OILPRICE ( Middle East ) () 173
Guyana’s government should consider hedging its oil production against the falling oil prices as its booming oil revenues are set to decline with the slump in oil prices, former Guyanese Minister of Finance, Winston Jordan, told Stabroek News in an interview published on Monday. Oil prices have slumped since early April as U.S. President Donald Trump threatened tariffs on the rest of the world and slapped triple-digit tariffs on China, while OPEC+ is accelerating its production increase by triple volumes in each of May and June compared to…

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