Price of oil

News

Scrap Special Petroleum Tax Now

Former Petroleum Minister Emmanuel Armah Kofi Buah has asked government to scrap the special petroleum tax with...

News

IFS Advocates Comprehensive Hedging Plan For Ghana’s Oil

The Institute of Fiscal Studies (IFS) has urged government to consider a comprehensive hedging programme that would...

Headlines

Higher Oil Prices Boost ExxonMobil, Chevron Earnings

US petroleum giants ExxonMobil and Chevron reported big jumps in second-quarter profits Friday, the latest boost from a...

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...

News

Down the Drain? The Economic Costs of Illicit Financial Flows In Africa’s Extractive Sector [Article]

Resource-rich African countries are facing significant economic headwinds. Nigeria, Africa’s largest oil producer,...

Headlines

Dow, S&P 500 End Week At Records; Dollar Tumbles

Wall Street stocks finished at fresh records Friday following solid bank earnings, while the dollar retreated after...

Headlines

Dow At Record, European Stocks Up As Yellen Pledges Gradual Rate Hikes

European and US stocks scored solid gains Wednesday, with the Dow ending at a fresh record, as investors welcomed...

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...

Headlines

Solid Jobs Report Lifts US Stocks, Dollar

Wall Street stocks rallied and the dollar advanced Friday following a better-than-expected US jobs report for June,...

News

Fuel Prices To Drop By 2% In First Pricing Window In July

Prices of fuel are likely to see further drop in the first pricing window of July by about 2%. This is according to the...

Headlines

Nigeria Begins Yam Exports To Europe, US

Nigeria on Thursday began to export yams to Europe and the United States, as part of moves to diversify its...

Headlines

Chad Leader Says Glencore Oil Contract Was Irresponsible

Chad President Idriss Deby said Sunday his country had been "irresponsible" in striking oil for cash deals with Swiss...

News

PIAC Seeks Insurance Against Volatile Oil Prices

Public Interest and Accountability Committee (PIAC) wants government to consider hedging a portion of Ghana’s share...

News

Possible Price Drop In Commodity-Based Stocks In the Short Term

Continuous dip in some key commodity prices on the world market is likely to impact the output of certain...

Headlines

Asia Markets End Week On Quiet Note As US Healthcare Bill Returns

Asian markets limped into the weekend, with energy firms still struggling after a bruising few days, while investors...

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...

News

Ghana Projects Slight Drop In Fuel Price

The local fuel market in the first Pricing-window in June 2017 recorded interesting turn of events. Prices were...

Business

Fuel Prices To Drop Slightly – IES

The Institute for Energy Security (IES) has predicted a reduction in fuel prices at the pumps in the second fuel...

Business

Local Fuel Prices To Drop Slightly

The local fuel market in the first Pricing-window in June 2017 recorded interesting turn of events. Prices were...