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...
Wall Street recovered some losses on Friday but still closed lower, with U. S. stocks and the dollar falling after the Federal Bureau of Investigation said it would probe additional emails related to...
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...
The Institute for Energy Security, an energy policy think tank, has described the recent increment in price of petroleum products by some Oil Marketing Companies as “unjustified” and lacking...
The National Petroleum Authority (NPA) and the Chamber of Petroleum Consumers Ghana have clashed over reported fuel prices increases. In a statement it issued Monday, October 17, the Chamber of...
The National Petroleum Authority (NPA) has described an announcement by the Chamber of Petroleum Consumers (COPEC) of Ghana that fuel prices have gone up by 11 percent as false and misleading. In a...
The denial by the National Petroleum Authority (NPA) concerning recent reports of fuel price increases smacks of “mischief”, the Executive Secretary of the Chamber of Petroleum Consumers Ghana...
Fuel prices across various outlets in the country have increased between three and 11 per cent, the Chamber of Petroleum Consumers Ghana (COPEC-GH) has indicated. This follows a review of fuel prices...
Russia is betting oil prices will stay low for a long time. President Vladimir Putin's government has just set a draft budget for the next three years based on the assumption Russia will be able to...
The Chamber of Petroleum Consumers Ghana, has forecast a likely 7-13 percent fuel price adjustment beginning Sunday October 16. According to the Chamber, “the decision for cuts in OPEC production...
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 country’s Gross Domestic Product (GDP) for the second quarter has plummeted to 2.5 percent from the 4.8 percent recorded in the first quarter of 2016, on the back of the technical challenges on...
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...
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....
Drivers within the capital have expressed mixed reactions over the possible increase in transport fares following an increase in the prices of petroleum products last Friday. Some of the drivers, who...
Every economy managed according to the rules of capitalism may experience boom, recession or depression. Nigeria’s current recession has been in the pipeline to burst anytime the shallowness of her...
After more than six months marked plunging revenue caused by attacks on oil pipelines in the Niger Delta and ballooning inflation, the Federal Government said on Wednesday said it was expecting a...
