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...
Tag: Organization of Petroleum-Exporting Countries
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...
Buhari Presents $24bn Budget To the National Assembly
Nigeria’s President Muhammadu Buhari on Wednesday presented a record 7.298 trillion naira ($24 billion) budget for 2017 to lawmakers which is aimed at pulling Africa’s biggest economy out of its...
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...
OPEC, Non-OPEC Agree First Global Oil Pact Since 2001
OPEC and non-OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many...
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...
Treasury Securities Continue To Slide
Yields on treasury securities continued their downturns as government’s appetite for short term securities declines. The week ending December 1 saw the rate of return on 91-day bill softening by...
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...
Trump’s Election And Its Impact On Europe
It is particularly difficult to foretell what the foreign policy of a US president-elect will be. We have plenty of examples of US presidents who – after coming into office – did not follow...
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...
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....
Oil Extends Slide Below $46 On Skepticism Over Opec Output Deal
Oil extended declines to slip below US$46 a barrel amid skepticism over OPEC’s ability to reach an agreement to cut output as representatives meet on Monday amid last-minute negotiations to reach a...
Oil Prices Drop Ahead of Opec Meeting
The price of benchmark crude oil has fallen almost 4% as traders question whether Opec can agree on a deal to limit production. In September the oil exporting cartel members voted for the first...
The Variety of ‘Oil City’
About a month ago, photographer Eugenio Grosso traveled a 70-mile stretch in northern Iraq, from the city of Kirkuk to Sulaymaniyah in the country's Kurdish region. He had only one purpose: to...
Review of Fuel Prices In First Nov. Pricing Window Shows Marginal Fall
According to the Institute of Energy Security, trading activities within first pricing window for the month of November reveals most oil marketing companies are losing their market share to Goil, Top...
Fuel Prices To Fall By 1.5 and 3%
Fuel prices are expected to fall by between 1.5 and 3% in the second-pricing window for November 2016, the Institute for Energy Security (IES) has projected. “As a result of marginal loss of the...
Fuel Prices Likely To Go Down Soon – Energy Institute
The Institute for Energy Security (IES) has predicted a marginal drop in petrol and diesel prices in Ghana in the coming days. According to IES, per their analysis, diesel and petrol are likely to go...
Oil Pinned Near Three-Month Lows As Gloom Grows Over OPEC
Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output. Donald Trump's surprise...
Nigerian Army Presence Prompts Niger Delta Attacks
A Nigerian armed group said the continued presence of the army in the southern Niger Delta energy hub has undermined peace talks and prompted attacks on oil-and-gas facilities in the region. The...