Global oil prices are in the headlines once again with crude oil prices soaring following Russia’s invasion of Ukraine on 24 February 2022. Global crude oil prices have shot up; the Brent increased by around 22% to USD 114 a barrel at the end of May 2022, from a low of USD 93 a barrel in early February 2022. The volatility of global oil prices has worsened Sri Lanka’s economic woes. This blog discusses the main drivers of oil prices, the effects of price volatility on the Sri Lankan economy and outlines some policy options available to mitigate the adverse effects of oil price fluctuations.
Good Environmental Management Practices in the Hotel Industry in Sri Lanka: Determinants and Barriers
With the tourism sector in Sri Lanka recording remarkable growth, it is imperative to ensure that this growth is environmentally sustainable. Are hotels in Sri Lanka adopting good environmental management practices?
Special Article Marking World Water Day (22nd March), by Chatura Rodrigo and Athula Senaratne* Water and energy are linked with an eternal bond. Many countries blessed with rivers and waterfalls have harnessed their inherent kinetic energy through hydro-electricity in fulfilling …