Peak oil

Headlines

ExxonMobil Q2 Profits Nearly Double On Higher Oil Prices To $3.4 Bn

ExxonMobil saw its second-quarter profits nearly double from the year-ago period due to higher oil prices and better...

Headlines

Oil, Gas Key To World Energy For ‘decades To Come’

Oil and gas will remain central to the world's supply of energy for decades to come, despite a surge of interest in...

News

We Will Manage Oil Revenue To Benefit All – Nana Addo

President Akufo Addo has committed to the efficient use of Ghana’s oil revenue to give value for money and protect...

News

Ten Years After Commercial Discovery of Oil In Ghana

Ten years ago this month when the announcement of commercial discovery of crude oil in Ghana was made, the price of a...

News

Oil Revenue Not Understated — GNPC

The Ghana National Petroleum Company (GNPC) has denied allegations made by the Public Interest and Accountability...

News

ACEP Opposes Hedging, Wants Stabilization Fund Fortified

The African Center for Energy Policy (ACEP) has opposed calls for Ghana to hedge its oil against global price...

Business

PIAC Demands Swift Clearance of $ 2.4bn Energy Sector Debts

The Public Interest and Accountability Committee (PIAC) has warned that the troubles confronting Ghana’s energy...

News

Declining Oil Prices Will Least Affect Ghana – Economist

Some Economists have ruled out any significant impact on Ghana’s economy following the declining global oil prices....

Business

Declining Oil Prices Will Least Affect Economy – Economist

Some Economists have ruled out any significant impact on Ghana’s economy following the declining global oil prices....

Headlines

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...

Headlines

Saudi Deficit Plunges After Cuts, Oil Revenue Surge

Saudi Arabia's budget deficit dropped by 71 percent in the first quarter of the year, the government said Thursday,...

Headlines

Saudi Budget Deficit Drops 71 Pct In Q1

Saudi Arabia's budget deficit fell by 71 percent in the first quarter of this year, the finance minister said on...

Business

132,500 Barrels of Oil Produced Daily In First Quarter

Gross sales volumes of crude oil in the first quarter of 2017 averaged approximately 132,500 barrels of oil per day...

Headlines

Oil Earnings Surge But Some Question Skimpy Investment

Rising crude prices drove huge profits for US oil industry giants, but key figures in the sector have raised concerns...

Business

Economy Sinks To 22-Year Low; Grows By Only 3.5% In 2016

The country’s economy last year grew by 3.5 percent, the lowest rate in the past 22 years and the fifth consecutive...

News

A Decade After Oil Discovery! The Bold Steps, the Mistakes, the Lessons, and the Future

A decade after oil discovery! The bold steps, the mistakes, the lessons, and the future When Ghana discovered...

News

The Bold Steps, Mistakes, Lessons, and the Future

A decade after oil discovery: The bold steps, mistakes, lessons, and the future The country appeared to have lost...

Business

Government Urged To Operationalise Petroleum Act

The Africa Centre for Energy Policy (ACEP) is urging government implementing the provisions in the Petroleum...

Headlines

Oil Output Cuts Pressure Mideast Economic Growth

Economic growth in Saudi Arabia and most other Arab oil exporters will slow this year following production cuts aimed...