Chad, one of the countries hardest hit by the drop in oil prices, announced that it would seek to diversify its economy for the future, but has also come to an accord with a group of foreign energy...
The pound climbed Wednesday on the eve of the British general election, while oil prices fell hard after a US inventory report suggested weak demand in the world's biggest economy. Global equity...
European stocks slid on Tuesday as political risk once again returned to the fore with Italy nearing a deal for early elections and a fresh game of chicken over Greece's bailout keeping investors on...
Some Economists have ruled out any significant impact on Ghana’s economy following the declining global oil prices. The decision by Oil Producing and Export Countries (OPEC) including Russia to cut...
Some Economists have ruled out any significant impact on Ghana’s economy following the declining global oil prices. The decision by Oil Producing and Export Countries (OPEC) including Russia to cut...
The price of oil has plummeted by about 5%, despite oil-producing nations agreeing to extend production cuts for a further nine months. Meeting in Vienna, energy ministers from both Opec and non-Opec...
President Donald Trump's budget released Tuesday proposed radically downsizing the US Strategic Petroleum Reserve, arguing that America's shale boom has lessened the need for an emergency stockpile....
Oil producers inside and outside the OPEC cartel have little choice but to extend their deal from late 2016 curbing output when they meet in Vienna on Thursday, analysts say. Less predictable however...
Iraq has agreed to a nine-month extension of a production cut pact among OPEC members that is aimed at boosting crude prices, the country's oil minister said on Monday. "We are in agreement with the...
Energy shares led a broad rally across Asian markets on Monday as oil prices were boosted by growing hopes that an OPEC-led output cut will be extended by another nine months. With the deal agreed...
Saudi Arabia's energy minister expressed confidence on Sunday of extending a global cut in oil production designed to boost prices. Khalid al-Falih spoke ahead of a meeting on Thursday between the...
Russia is heavily dependent on oil exports and was hit hard when crude prices started to crash The country is recovering nicely from a recession and should see economic growth of 1.4% this year,...
American oil production is approaching record levels again, led by shale projects, potentially foiling efforts by OPEC to support prices. Oil prices were boosted this week after Saudi Arabia and...
The newly appointed Board Chairman of oil marketing giant GOIL Kwamena Bartels has described the indigenous firm as a success story. Mr. Bartels is taking over from the Prof. William Asomaning-led...
The Institute of Energy Security (IES) has predicted an average drop of 1.03% percent in fuel prices for the second pricing window. According to IES, current developments across the globe indicate...
The world's biggest oil producers Russia and Saudi Arabia on Monday called for extending an output reduction deal ahead of an OPEC meeting later this month. "To underscore the determination of oil...
The oil price has fallen to a five-month low as investor concerns resurface about a worldwide glut. Brent crude dropped by more than $2 on Thursday to below $49 a barrel, hitting its lowest level...
Renewed fears about the oil supply glut have sent crude prices plunging 15% Renewed fears about the oil supply glut have sent crude prices plunging 15% from their peak in mid-April to $45.52 a barrel...
Kenya plans to export its first oil in June, but analysts say the test phase faces major challenges and appears motivated primarily by political considerations just months ahead of elections. British...
Fuel prices will remain fairly stable in the first pricing window in May. This is a prediction by the Institute for Energy Security (IES). According to the institute, the slight fall of Brent crude...
