Scrap Special Petroleum Tax Now
Former Petroleum Minister Emmanuel Armah Kofi Buah has asked government to scrap the special petroleum tax with immediate effect. “I think it is important that in the face of the numerous taxes,...
Tag: Energy economics
Commercial Drivers Demonstrate Against High Fuel Prices
Commercial Drivers and consumers of petroleum products on Wednesday demonstrated against government over the rising fuel prices in the country. The demonstration dubbed: “TE SO OOOOO TON” (Stop...
Reduce Fuel Prices Or Face Unabated Protests – COPEC To Govt
The Chamber of Petroleum Consumers (COPEC) has threatened to hold a nationwide demonstration against the government if it fails to reduce petroleum prices within a week. COPEC made this known...
Fuel Prices To Drop By 2% In First Pricing Window In July
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...
Egypt Slashes Fuel Subsidies In IMF-Backed Reform
Egypt announced a new sharp increase in fuel prices on Thursday, as it slashes government subsidies in a tough IMF-backed reform programme. The cabinet said that 82 octane petrol would sell for 3.65...
Ghana Projects Slight Drop In Fuel Price
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...
Fuel Prices To Drop Slightly – IES
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...
Minister Reiterates Government’s Ghana Compact II Programme
Mr Boakye Agyarko, Minister of Energy has reiterated government's commitment towards the Ghana Millennium Challenge Compact II programme, particularly with regard to the Private Sector Participation...
Trump’s Withdrawal Is Environmental Injustice
Trump's decision is a clear sign of his continued support of the fossil fuel industry ,he said The historic agreement that pursued all efforts to limit global temperature increase to 1.5°C and the...
US Backsliding On Paris Deal A Gift For China
The US exit from the Paris climate pact is a gift to China's ambitions to become world leader on everything from trade to global warming, despite its own mixed record. Beijing appeared well aware of...
Oil Price Plummets Despite Deal To Extend Output Cut
The price of oil has plummeted by about 5%, despite oil-producing nations agreeing to extend production cuts for a further nine months. Meeting in Vienna, energy ministers from both Opec and non-Opec...
Wall Street Forges Higher Despite Oil Market’s Glum Mood
Buoyant trading in New York saw Wall Street set fresh records on Thursday, with US stocks recording their sixth consecutive positive finish. European markets were mainly in negative territory,...
Oil Producers To Extend Output Curbs At OPEC Meeting
Oil producers inside and outside the OPEC cartel have little choice but to extend their deal from late 2016 curbing output when they meet in Vienna on Thursday, analysts say. Less predictable however...
Iraq Agrees To Nine-Month Extension of OPEC Production Cut
Iraq has agreed to a nine-month extension of a production cut pact among OPEC members that is aimed at boosting crude prices, the country's oil minister said on Monday. "We are in agreement with the...
Asian Energy Firms Lead Market Gains On Hopes For Oil Ouput Cut
Energy shares led a broad rally across Asian markets on Monday as oil prices were boosted by growing hopes that an OPEC-led output cut will be extended by another nine months. With the deal agreed...
Future Power Deals Will Be Strategized
The Minister of Energy, Boakye Agyarko has described past agreements in the energy sector as “deal-driven” and not “strategy-driven”. He argues that most of the agreements with Independent...
Russia, Saudi Call For Oil Output Deal Extension
The world's biggest oil producers Russia and Saudi Arabia on Monday called for extending an output reduction deal ahead of an OPEC meeting later this month. "To underscore the determination of oil...
Oil Price Tumbles To Five-Month Low
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...
Fuel Prices To Remain Fairly Stable In May
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...
OPEC Daily Basket Price Stood At $49.26 A Barrel
The price of OPEC basket of thirteen crudes stood at $49.26 a barrel on Monday, 1 May, 2017, compared with $49.32 the previous Friday, according to OPEC Secretariat calculations. The OPEC Reference...