Tag: COVID
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OPEC adjusts oil demand to 8.9m bpd as uncertainty cloud extension of production cuts
The Organization of the Petroleum Exporting Countries (OPEC), on Tuesday, July 14, revised downward its world oil demand in 2020, to an estimated 8.9 million barrel per day (bpd) adjusting it up by 0.1 million bpd against last month’s projection. OPEC’s projections enclosed in its July Monthly Oil Market Report, comes amid uncertainties clouding the…
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South Africa inflation drops below target first time in 15 years
South Africa’s inflation rate dropped below the central bank’s target range for the first time in 15 year in May due to lower fuel prices Consumer prices rose 2.1% from a year earlier compared with 3% in April, the Pretoria-based Statistics South Africa said Wednesday in a statement on its website. That’s the lowest since…
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Okra Farmers in Atebubu lament low patronage; blame it on COVID-19
Okra farmers at Atebubu in the Atebubu-Amantin Municipality of the Bono East are blaming the low patronage they are recording on the impact of the COVID-19 disease in Ghana. The farmers, who are worried about the challenges they may face in paying back loans they contracted to boost production, are thus appealing to government for…