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 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...
U. S. opens door to oil exports after year of pressure A domestic drilling boom of the past six years has transformed the U.S into an energy powerhouse. The Obama administration on Tuesday bowed to...
The World Bank is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel. It explained that this was the case as members of the Organization of the Petroleum Exporting...
The World Bank is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel. It explained that this was the case as members of the Organization of the Petroleum Exporting...
The Chamber of Petroleum Consumers Ghana (COPEC-GH) has asked Oil Marketing Companies (OMCs) operating in the country to review their pump prices downwards in the interest of the public. According to...
The African Centre for Energy Policy (ACEP) says that the energy sector outlook for 2017 presents significant levels of uncertainty, urging political parties to clearly demonstrate how they intend to...
The head of Energy, Oil & Gas Unit of the Real Sector of the Ministry of Finance, Dr Joseph Asenso, has cautioned against basing budget allocations on projections for revenue inflows, from the...
The presidential candidate of the Convention People’s Party (CPP) has threatened that governance under his watch will see the repeal of the Petroleum and Exploration Law. Addressing party...
Kenya will shrug off the slump in growth on the continent to be among the best performing economies in Sub Saharan Africa. The continent is set to slow to its lowest level in more than 20 years. The...
A Former Chairman of the Public Interest and Accountability Committee (PIAC) Major Ablorh-Quarcoo (Retired) is asking government to prioritize its expenditure to avoid overspending budgets. According...
The Executive Director of the Africa Centre for Energy Policy (ACEP), Dr Mohammed Amin Adam, has said the failure of African countries to effectively manage the effects of oil price volatility can...
The oil producers cartel Opec has agreed a preliminary deal to cut production for the first time in eight years, sending crude prices surging. The major oil exporting nations struck the deal at talks...
Algiers (AFP) - Algerian Energy Minister Noureddine Boutarfa on Wednesday pressed demands for action on an oil supply glut and higher investment to stabilise the market as an informal OPEC meeting in...
Many Oil producing countries in the African sub-region have been the worse hit by the plummeting oil revenues following the high risk of their less diversified economies, over dependence on oil...
Government has been charged to spend oil revenues responsibly at all times to enable it to mitigate the negative impact a slowdown in commodity prices may have on the economy as it is currently. This...
The Institute For Energy Security (IES) is warning of a possible shortage of Liquefied Petroleum Gas (LPG) this month. “Within the first pricing window, The Institute For Energy Security foresees...
Following the rebound in the global oil market price of both crude and refined petroleum, decrease in new imports to boost national stocks, and the relative stability of the cedi against the U. S....
