President Donald Trump's budget released Tuesday proposed radically downsizing the US Strategic Petroleum Reserve, arguing that America's shale boom has lessened the need for an emergency stockpile....
Oil exploration company, Tullow is seeking to invest in new exploration opportunities in the country, aside its two major projects, Jubilee and Tweneboa- Enyera- Ntomme (TEN) fields. The new...
Ford's decision to oust its CEO is the latest sign of how Silicon Valley technology firms are shaking the foundation of the American auto industry. The removal of Mark Fields after just three years...
The Bank of Ghana (BoG) has cut its benchmark interest rate by 100 basis points from 23.5 to 22.5 percent, citing a downward trend in inflation towards medium term targets. The BoG has set eight plus...
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...
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...
Saudi Arabia's energy minister expressed confidence on Sunday of extending a global cut in oil production designed to boost prices. Khalid al-Falih spoke ahead of a meeting on Thursday between the...
Russia is heavily dependent on oil exports and was hit hard when crude prices started to crash The country is recovering nicely from a recession and should see economic growth of 1.4% this year,...
US President Donald Trump landed in Saudi Arabia Saturday for the start of an eight-day foreign tour, taking his first steps on the world stage as scandals mount at home. Trump can expect a warm...
US President Donald Trump will seek to rebuild relations with the Muslim world on his first foreign trip starting Saturday in Saudi Arabia as political scandals mount at home. Trump can expect a warm...
American oil production is approaching record levels again, led by shale projects, potentially foiling efforts by OPEC to support prices. Oil prices were boosted this week after Saudi Arabia and...
The newly appointed Board Chairman of oil marketing giant GOIL Kwamena Bartels has described the indigenous firm as a success story. Mr. Bartels is taking over from the Prof. William Asomaning-led...
Fitch ratings agency upgraded Ghana’s outlook to stable on Friday and said the government was making progress in stabilizing the economy after a period of crisis. The agency kept its ‘B’ rating...
Fitch ratings agency has on Friday upgraded Ghana’s outlook to Stable. Fitch says Ghana is making progress in stabilizing the economy after recent “crisis period”, with expected revival in GDP...
The Ministry of Finance is hopeful that a US$2.6 million Remittance Grant Facility (RGF) secured from the Switzerland government will help bring down the cost of remitting money to the country from...
The Ministry of Finance says it is reducing remittances charges to 5 per cent. According to the World Bank’s Send Money Africa report, Ghana remained one of the most expensive countries to send...
The Ministry of Finance says it is reducing remittances charges to 5 per cent. According to the World Bank’s Send Money Africa report, Ghana remained one of the most expensive countries to send...
Renewed fears about the oil supply glut have sent crude prices plunging 15% Renewed fears about the oil supply glut have sent crude prices plunging 15% from their peak in mid-April to $45.52 a barrel...
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...
Algeria, where legislative elections are to be held on Thursday, has major oil and gas reserves but faces a financial crisis due to the collapse in oil prices. The country has been led since 1999 by...
