• 29 DEC 2015
  • TOPICS: Crude oil production | economy | expenditure | export earnings | foreign exchange | gas prices | LNG | Message to the Nation | national budget | oil and gas

PM’s Address to the Nation – December 2015

This evening I would like to address the national community on the state of the economy in light of the continuing fall in oil and gas prices and the consequences for the people of Trinidad and Tobago.

In June 2014, (18 months ago) the price of West Texas Intermediate, (WTI), our benchmark crude oil, was US$106 per barrel. In December 2014, it had declined to US$59 and it is now in the region of US$36 per barrel.