News
USVI: Cargo costs to rise as Tropical & Crowley raise fuel charges
VI CONSORTIUM
CHARLOTTE AMALIE, St. Thomas, USVI- New fuel surcharges from Tropical Shipping and Crowley are set to raise cargo costs into the U.S. Virgin Islands, as the war that began with U.S.-Israeli strikes on Iran continues to disrupt the Strait of Hormuz, drive oil above $100 a barrel and trigger emergency responses from governments around the world.
'We do not take sides in distant conflicts'- Premier Wheatley
ROAD TOWN, Tortola, VI- Referring to the ongoing war in the Middle East, Premier and Minister of Finance Dr the Honourable Natalio D. Wheatley (R7) has stated his position on the conflict.
VI’s 2022 end-of-year inflation rates projected at 6.4% - Premier
DUFF'S BOTTOM, Tortola, VI – As prices continue to rise and currency continues to buy fewer goods and services, the end-of-year projected inflation rate for 2022 in the Virgin Islands is now set a 6.4%, down from an 8.6% mid-year projection driven by price changes and fuel costs.
Be ‘proactive’ & 'prepare' for uncertainties caused by Putin’s War– Premier
ROAD TOWN, Tortola, VI - Premier and Minister for Finance Hon. Andrew A. Fahie (R1) wants residents of the Virgin Islands to be proactive and prepare for the uncertainties that will come as a result of the ongoing war on Ukraine by Russia.
Brent crude oil price dips below $50 a barrel
BBC NEWS
The price of Brent crude oil has fallen below $50 a barrel for the first time since May 2009.
VI facing an energy crisis – Doug Wheatley
ROAD TOWN, Tortola, VI – The Virgin Islands has been caught with its proverbial “pants down” along with the rest of the world for not having paid enough attention to research and development in the energy sector, according to commentator Douglas Wheatley.
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