Louisiana Light • 3 days | 93.63 | +3.02 | +3.33% | |||
Bonny Light • 1 day | 97.63 | -0.78 | -0.79% | |||
Opec Basket • 4 days | 95.31 | -0.42 | -0.44% | |||
Mars US • 11 hours | 89.81 | -1.97 | -2.15% | |||
Gasoline • 11 mins | 2.495 | -0.010 | -0.41% |
Bonny Light • 1 day | 97.63 | -0.78 | -0.79% | |||
Girassol • 1 day | 98.72 | -0.48 | -0.48% | |||
Opec Basket • 4 days | 95.31 | -0.42 | -0.44% |
Peace Sour • 2 hours | 86.21 | -1.97 | -2.23% | |||
Light Sour Blend • 2 hours | 86.71 | -1.97 | -2.22% | |||
Syncrude Sweet Premium • 2 hours | 95.31 | -1.97 | -2.03% | |||
Central Alberta • 2 hours | 84.51 | -1.97 | -2.28% |
Eagle Ford • 3 days | 86.87 | +0.71 | +0.82% | |||
Oklahoma Sweet • 3 days | 87.00 | +0.75 | +0.87% | |||
Kansas Common • 2 days | 84.00 | +3.25 | +4.02% | |||
Buena Vista • 4 days | 95.63 | -0.10 | -0.10% |
After initial hesitations, Suriname is…
Armenia and Azerbaijan continue contentious…
UNDP senior economist Ben Slay has reported in his blog that the water-challenged Central Asian region faces drought conditions this summer, raising tensions among Kyrgyzstan, Kazakhstan, Tajikistan, Turkmenistan and Uzbekistan, all of whom depend on unimpeded access to water for both hydroelectric generation of power and agriculture.
Azerbaijan's Trend news agency reported that Slay wrote, "The latest data from CAWATER (Central Asian water website portal) show that, as of May 2011, water volumes at Uzbekistanâs Charvak and Tyuyamuyn reservoirs, but also at Tajikistanâs Kayrakkum dam were well below seasonal volume."
The UNDP noted that the drought could affect cotton fields in Uzbekistanâs Khorezm and Karakalpakstan regions, as well as cotton crops further downstream in Turkmenistanâs northern Dashoguz province, which borders western Uzbekistan. Further concerning the UNDP, the drought could unleash further inflationary forces on the regionâs food crops, especially as food price inflation in Tajikistan and Kyrgyzstan, two Central Asiaâs poorest states is now above 20 percent, even though they are the regionâs richest countries in terms of upstream water resources, and a scarcity of water for agricultural irrigation caused by drought conditions could cause food prices to soar in the their western downstream neighbor states of Uzbekistan, Kazakhstan and Turkmenistan.
By. Charles Kennedy, Deputy Editor OilPrice.com
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