Trinidad News, Tobago News

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Monday, May 25 2015 @ 11:16 AM AST

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Venezuela's international reserves falling

Venezuela's international reserves are in free fall although a May draw down of IMF funds has provided some respite, a Moody's Investors Service May 21 report shows.

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WASA urges water conservation amid dry weather in Trinidad & Tobago

Several Caribbean countries are currently experiencing prolonged dry weather over the course of the 2015 Dry Season, which has led to water shortages in some of these territories, WASA said in a release today.

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Moody's: Lower oil prices are credit negative for Trinidad and Tobago

Lower oil prices are credit negative for Trinidad & Tobago, Moody's Investors' Service said today in a release.

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Trinidad & Tobago estimates 3.1-8.2 billion barrels of oil in deep water: Energy Minister

Exploration for heavy oil in Trinidad and Tobago - estimated at 1.5 billion barrels on land and 3.6 billion offshore - must be supported by new fiscal framework, Energy Minister Kevin Ramnarine said Monday in Port of Spain at Caribbean Geological Conference.

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Schlumberger expects Brent Oil prices to exit this year at mid US$70's

Morgan Stanley said in a note this morning: