Oil Prices Rise
Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will be effective in draining a global...
Tag: oil prices
Oil Prices Rise As Markets Eye OPEC, Non-OPEC Production Cuts
U. S. oil prices rose in the first trading hours of 2017 on Tuesday, buoyed by a deal for OPEC and non-OPEC production cuts which kicked off on Sunday. U.S. benchmark West Texas Intermediate (WTI)...
Neo-Colonialism, Economic Sovereignty and the Imperatives of Socialist Development
Over the last several years along the Indian Ocean coast in East Africa substantial finds of oil and natural gas resources have been under development. A British exploration corporation, Tullow Oil...
Oil Down, But Ends Year With Biggest Gain Since 2009
Oil prices have slumped since the summer of 2014 from above $100 a barrel Oil prices have slumped since the summer of 2014 from above $100 a barrel. The price rout, due to an oversupply thanks in...
Some of Africa’s Currencies Struggled In 2016
From a fall in Zambia’s Kwacha blamed on halted mining production to a plummet of Nigeria’s naira due to a chronic currency shortage, various African countries saw the value of their currencies...
Bawumia Takes A Jab At Amissah-Arthur
The contest between Vice President Kwasi Amissah Arthur and vice president elect Dr Mahamudu Bawumia over mastery in Ghana's economic management will continue a while longer even after the elections....
No Fuel Price Increment – Terkper
Outgoing Finance Minister Seth Terkper, who also doubles as acting Power Minister, has assured Ghanaians there will be no increment in fuel prices at least during the Yuletide. “As we stand here...
Economic Growth Will Not Slump
Finance Minister Mr Seth Terkper has expressed optimism that there will be no reversal in the growth of the economy following the several investment and prudent policy measures put in place by the...
Fuel Prices Up By 6 Per Cent
Fuel prices have gone up by six per cent at the various service stations across the country, the Chamber of Petroleum Consumers Ghana has said. This current increases ranging between 4 and 6 per cent...
Dollar Hits New 14-Year High, Dow Sets Sights On 20,000
The dollar hit a 14-year high on Tuesday as the yen fell after the Bank of Japan stuck to its ultra-loose monetary policy and the euro weakened following deadly attacks in Germany and Turkey. On Wall...
Oil Prices Rise In Anticipation of Tighter 2017 Market
Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices. Brent crude futures, the...
Asia Stocks Find Relief As China Set To Return Seized U.S. Drone
Asian shares steadied in early trade on Monday after China agreed to return a U. S. drone it had seized, easing worries about rising diplomatic tensions between the world's two biggest economic...
Oil Prices Soar
Oil prices today Monday 12 December shot to their highest levels since mid-2015 after OPEC and other producers reached their first deal since 2001 to jointly reduce output in order to rein in...
Oil Prices Rise On U.S. Crude Stock Decline, Weaker Dollar
Oil prices edged up in thin trading on Thursday after steep falls in the previous session, supported by a weaker dollar, positive economic data and a drawdown in U. S. crude stocks. International...
Russian Oil Giant In Surprise $11bn Deal
The Kremlin has announced that commodities trader Glencore and Qatar's sovereign wealth fund are together buying a 19.5% stake in Rosneft, Russia's largest oil company. "It is the largest...
Ghanaians Abroad Await Election Results
Vote-counting has begun in the West African nation of Ghana, after polls to choose the country's next president and parliament. VOA's Peter Clottey, reporting from Ghana's capital of Accra, reports...
Extend Election Security To Fuel Stations
The Chamber of Petroleum Consumers Ghana ( COPECGH ) is calling on the security agencies to put in place every the necessary contingency measures to extend the needed protection to the various fuel...
OPEC Deal Sends Oil Spiking 14% In 3 Days
Don't blink. You might miss another jump in oil prices. Crude has spiked 14% in just the past three days, ending Friday at a 17-month high of $51.68 a barrel. OPEC breathed new life into crude this...
Fuel Prices Drop Slightly Ahead of December Election
The Chamber of Petroleum Consumers Ghana has announced that fuel prices have gone down at the pump between 1 to 4 percent, barely a week to the December 7 polls. A statement signed by Duncan Amoah,...
Oil Price Soars As Opec Agrees Output Cut
Saudi Arabia agreed to cut output by about 500,000 barrels per day - a total reduction of 4.5%. The oil cartel Opec has agreed its first supply cut in eight years in order to boost the price of oil....