China is set to import record amounts of crude oil from West Africa this month as OPEC’s supply cuts pave the way for other nations to gain a greater foothold in the fast-growing Asian market. West...
Former President Olusegun Obasanjo has accused some church leaders in the country of not only encouraging corruption but also celebrating people with questionable sources of wealth. He said this in...
The fast depreciation of the cedi against major currencies is responsible for the frequent increase in petroleum products in the country, a dealer and transporter of petroleum products has said. The...
Ghana lost an estimated GHC43 million in 2014 as a result of fraudulent practices in the petroleum sector, the Chief Executive Officer (CEO)?of the National Petroleum Authority (NPA), Mr Alhassan...
CIMG Petroleum Company of the year, GOIL, has taken the lead to reduce its ex-pump prices of petroleum products again, the second before the end of the March window. A statement released in Accra...
THE National Petroleum Authority (NPA) says GH¢43million in petroleum profits were stolen by cabals due to the absence of an effective tracking system. This represents 12.3% of annual freight...
Revelations that the state lost some $490 million last year to the activities of a petroleum cartel has gotten the nation talking and two key industry stakeholders have called for government action....
Revelations that the state lost some $490 million last year to the activities of a petroleum cartel has gotten the nation talking and two key industry stakeholders have called for government action....
Effective July 1, 2017, petrol and diesel imported into the country will have a maximum sulpur content level of 50 Parts Per Million (ppm), Chief Executive Officer (CEO) of National Petroleum...
Despite the huge public outcry against toxic diesel sold in Ghana which endangers the health of the citizens, in the later part of last year, it appears very little has been done to address the...
Saudi Arabia on Wednesday lost its high-quality credit rating from the Fitch agency, which lowered the kingdom a notch because of worsening public finances as the oil price wobbles. Dropping its...
The Federation of Indigenous Ghana Oil Service Providers (FIGOSP) has asked Energy Minister Boakye Agyarko to designate one of his three deputies specifically for local content in the oil and gas...
Halfway into an OPEC-led oil supply cut, Asia remains awash with fuel in a sign that the group's efforts to rein in a global glut have so far had little effect. The Organization of the Petroleum...
It appears most of the Oil Marketing Companies (OMCs) have not reduced the prices of their petroleum products for the first pricing window in March. This is contrary to predictions that fuel prices...
Ghana’s foremost indigenous Oil Marketing Company and CIMG Petroleum Company of the year, GOIL, has reduced its ex-pump prices of petroleum products in the second window of the month of March. A...
Prices of petroleum products have dropped at the pumps by 2-3%, according to the Chamber of Petroleum Consumers. “Indications from some of the major downstream players point to some 2-3% reductions...
Prices of petroleum products have dropped at the pumps by 2-3%, according to the Chamber of Petroleum Consumers. “Indications from some of the major downstream players point to some 2-3% reductions...
The Institute for Energy Sector has predicted that prices of gasoline (Petrol) and gasoil (Diesel) at the pump are expected to fall by at least 3% in the last pricing-window in March 2017. In a...
OPEC countries are complying with a landmark deal to reduce a worldwide glut in oil, but global supplies nevertheless increased in February, the International Energy Agency said on Wednesday. "The...
Saudi Arabia is committed to stabilising the global oil market, the energy ministry of the world's biggest oil exporter said on Tuesday, as prices fell below $48 a barrel. OPEC and non-OPEC countries...
