ExxonMobil saw its second-quarter profits nearly double from the year-ago period due to higher oil prices and better refining margins, the company reported Friday. Net income jumped to $3.4 billion,...
Prices of fuel are likely to see further drop in the first pricing window of July by about 2%. This is according to the Institute of Energy Security (IES). The Institute believes indicators such as...
Public Interest and Accountability Committee (PIAC) wants government to consider hedging a portion of Ghana’s share of crude oil exports. Although the committee is recommending this to cushion the...
Continuous dip in some key commodity prices on the world market is likely to impact the output of certain commodity-bound listed companies on the Ghana Stock Exchange. The world price of Crude Oil...
The local fuel market in the first Pricing-window in June 2017 recorded interesting turn of events. Prices were projected by Institute of Energy Security () to rise up to 4% based on global oil...
The Institute for Energy Security (IES) has predicted a reduction in fuel prices at the pumps in the second fuel pricing window beginning June 16. Principal Research Analyst Richmond Rockson...
The local fuel market in the first Pricing-window in June 2017 recorded interesting turn of events. Prices were projected by Institute of Energy Security (IES) to rise up to 4% based on global oil...
Falling food and energy prices helped keep US wholesale inflation flat in May, in another sign of slackening price pressures, the Labor Department reported Tuesday. The new figures come as the US...
Some Economists have ruled out any significant impact on Ghana’s economy following the declining global oil prices. The decision by Oil Producing and Export Countries (OPEC) including Russia to cut...
Some Economists have ruled out any significant impact on Ghana’s economy following the declining global oil prices. The decision by Oil Producing and Export Countries (OPEC) including Russia to cut...
The Institute of Energy Security (IES) has predicted an average drop of 1.03% percent in fuel prices for the second pricing window. According to IES, current developments across the globe indicate...
The oil price has fallen to a five-month low as investor concerns resurface about a worldwide glut. Brent crude dropped by more than $2 on Thursday to below $49 a barrel, hitting its lowest level...
Kenya plans to export its first oil in June, but analysts say the test phase faces major challenges and appears motivated primarily by political considerations just months ahead of elections. British...
Fuel prices will remain fairly stable in the first pricing window in May. This is a prediction by the Institute for Energy Security (IES). According to the institute, the slight fall of Brent crude...
The recent increase in oil prices has helped BP to record a healthy profit for the three months to March. The $1.4bn (£1.1bn) profit, on the replacement cost measure, compared with a $485m loss a...
Trading on the proposed Ghana Commodity Exchange (GCX) Market, which is aimed at providing a ready market for grains and cereal producers, is expected to commence this year, following government’s...
UK inflation held steady last month, as rising prices for food and clothing were offset by lower air fares. The Office for National Statistics (ONS) said inflation as measured by the Consumer Prices...
China is set to import record amounts of crude oil from West Africa this month as OPEC’s supply cuts pave the way for other nations to gain a greater foothold in the fast-growing Asian market. West...
The price of oil has hit its highest level for a month in response to the US military's missile attack on a Syrian government airbase. The price of Brent crude surged above $56 a barrel before easing...
The Chamber of Petroleum Consumers (COPEC) is advocating for a national transport policy as a means of regulating transport fares in the country. The call has become necessary, due to the recent...
