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Hard Numbers

Hard Number: Canada’s Carney finally set for majority

Hard Number: Canada’s Carney finally set for majority

Carney’s Liberal Party looks set to gain an outright majority for the first time since the prime minister took charge in March last year, as voters head to the polls today in three by-elections – special votes to fill these vacant seats in Parliament. Two of the ridings are in left-leaning areas of Toronto. If the Liberals win those, it will be enough for Carney to have a majority government, albeit a slender one.

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​The amount of time European airports have before facing jet fuel shortages if the Strait of Hormuz is not fully reopened.

The amount of time European airports have before facing jet fuel shortages if the Strait of Hormuz is not fully reopened.

Natalie Johnson
The ACI Europe, a regional airport trade group, is warning EU leaders that airports could soon face “systemic” jet fuel shortages while Iran maintains its grip over the Strait of Hormuz. Airlines also say they have enough fuel to get them through several weeks, but aren’t able to guarantee deliveries in May. This comes as Asian countries like [...]
The revenue generated by Russia’s main oil tax in April amid the Iran war, per Reuters calculations. The amount is double last month’s revenue, and up by 10% from this time last year.

The revenue generated by Russia’s main oil tax in April amid the Iran war, per Reuters calculations. The amount is double last month’s revenue, and up by 10% from this time last year.

Natalie Johnson
The Iran war has pushed Brent crude prices to $100 per barrel, up from around $70 before the conflict began. One of the main beneficiaries was a country not fighting in the war: Russia. The Kremlin relies heavily on its oil and gas exports, which account for between 30% and 50% of the government’s budget. As such, the global surge in prices has [...]
The number of new banknotes Cuba issued this month to deal with rampant inflation. The 2,000 and 5,000 Cuban peso notes are roughly worth $4 and $10, respectively.

The number of new banknotes Cuba issued this month to deal with rampant inflation. The 2,000 and 5,000 Cuban peso notes are roughly worth $4 and $10, respectively.

Natalie Johnson
Cubans are no strangers to carrying large bundles of cash just to get through daily shopping, a habit born from years of relentless inflation. Things have only gotten worse lately, since a de facto US oil blockade sent prices even higher. To ease the burden of transactions, Havana is introducing two new banknotes, the largest of which is worth [...]
​Russia’s two main oil export locations that have come under attack account for more than 40% the country’s seaborne crude export capacity.

Russia’s two main oil export locations that have come under attack account for more than 40% the country’s seaborne crude export capacity.

Natalie Johnson
Russia’s two main oil export locations that have come under attack account for more than 40% the country’s seaborne crude export capacity. At one site, Primorsk, Ukraine’s attacks have decimated more than $200 million worth of fuel. Moscow has been getting a boost in oil revenue while Iran seals off the Strait of Hormuz, sending oil and gas prices [...]