29 Mar '13, 2pm

Drumbeat: March 29, 2013

Posted by Leanan on March 29, 2013 - 11:07am Egypt calls in favours as credit crunch hits key imports LONDON/CAIRO (Reuters) - Egypt has hit breaking point in its ability to pay for imports of oil, wheat and other basic commodities, forcing it to call in diplomatic favours or seek easy payment terms from suppliers who hope for future advantage in return. Two years after ousting Hosni Mubarak, new, Islamist leaders are struggling to win a credit line from the IMF as they try to manage the hopes of 84 million people with a depreciating currency and an economy hooked on state subsidies but starved of tourism revenues since the political upheavals began. Fuel shortages, tighter security at petrol stations and scuffles in the streets are becoming common in Egyptian towns as state importers struggle to meet demand for diesel and gasoline. Though Egypt's strategic importance mean...

Full article: http://www.theoildrum.com/node/9916

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Drumbeat: March 30, 2013

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Drumbeat: March 25, 2013

theoildrum.com 25 Mar '13, 1pm

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Drumbeat: April 1, 2013

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Drumbeat: March 23, 2013

Drumbeat: March 23, 2013

theoildrum.com 23 Mar '13, 3pm

Posted by Leanan on March 23, 2013 - 12:14pm Awash in Misinformation: America's Domestic Tight Oil 'Bump' Last month, the ...