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....
Barely a day to the end of the final pricing window for the month of November, prices of fuel across most oil marketing companies (OMCs) have dropped by between 1 and 4.23%, the Chamber of Petroleum...
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...
The price of benchmark crude oil has fallen almost 4% as traders question whether Opec can agree on a deal to limit production. In September the oil exporting cartel members voted for the first...
The Chamber of Bulk Oil Distribution Companies (CBOD) has alleged, and Goil has denied, that government is subsidising state-owned oil companies to stay prices when there is supposed to be price...
The Chief Executive Officer of the Chamber for Bulk Oil Distribution Companies (BDC) Senyo Horsi has warned government to end alleged unfair pricing war its engaged in with some BDC’s and Oil...
The prices of petroleum products have reduced considerably across pump stations in the country. The reduction had come off the back of predictions by the flagbearer of the New Patriotic Party, Nana...
According to the Institute of Energy Security, trading activities within first pricing window for the month of November reveals most oil marketing companies are losing their market share to Goil, Top...
Fuel prices are expected to fall by between 1.5 and 3% in the second-pricing window for November 2016, the Institute for Energy Security (IES) has projected. “As a result of marginal loss of the...
The Institute for Energy Security (IES) has predicted a marginal drop in petrol and diesel prices in Ghana in the coming days. According to IES, per their analysis, diesel and petrol are likely to go...
The Public Interest and Accountability Committee (PIAC) has joined a long list of advocates that have urged government to seriously consider restoring its hedging programme in order to cushion the...
Oil prices slipped on Friday as the market refocused on a persistent supply overhang that is not expected to abate unless OPEC and other producers cut their output significantly. International Brent...
Local service companies in the oil and gas sector have been advised to conduct feasibility studies into areas where they want to operate to avoid loss of investment. Mr. Theophilus Ahwireng, Acting...
Oil prices fell in early trading on Friday, as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and other producers make a significant cut to their...
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...
President Muhammadu Buhari said, yesterday, that he almost left the country when he discovered that the nation’s treasury was empty as he assumed office. The President, who spoke during a...
Oil production from members of the Organisation of Petroleum Exporting Countries (OPEC) may have reached a new record, according to a Reuters survey, as Nigerian and Libyan output partially recovered...
Government is in strategic negotiations with Chinese authorities to access the remainder of the US$3 billion loan for energy and gas infrastructure projects, Seth Terkper, Finance Minister has said....
