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Energy News
FTC Probes Oil Executives’ Texts for OPEC Collusion
The U.S. Federal Trade Commission (FTC) is intensifying its scrutiny of the oil and gas sector, focusing on communications between…
Dangote Refinery Targets Output of 550,000 Barrels a Day
Nigeria’s Dangote Refinery plans to hit at least 60% of its installed capacity by September and reach 550,000 barrels a day by the…
Auditor-General Reveals $145 Million Procurement Breach by ECG
The Electricity Company of Ghana (ECG) is under scrutiny after Auditor-General Johnson Akuamoah Asiedu revealed extensive breaches…
Herbert Krapa approved as Minister of State at Energy Ministry
Parliament has approved Herbert Krapa as Minister of State-designate for the Energy Ministry.
This comes days after the…
Ghana triumphs in international arbitration as tribunal rejects $7bn Eni…
The International Arbitration Tribunal has issued its final award in the Eni & Vitol versus Ghana and Ghana National Petroleum…
Fuel prices significantly affecting the cost of living
INTRODUCTION
Fuel pricing plays a critical role in shaping the economic landscape of any country, and Ghana is no exception. As…
Fuel price increase: diesel selling at ₵14.92, petrol ₵14.80 a litre
More Oil Marketing Companies (OMC) have increased prices of petroleum products at the pumps.
GOIL and Shell are the latest to…
Top 10 African countries with the lowest fuel prices in June 2024
In June 2024, a few African countries saw a reduction in fuel costs, even amongst African countries known to typically have the…
Oil exploration boom in Namibia
Namibia has become an oil exploration hotspot after several discoveries in recent years along its coast.
It has not yet…
Oil price predicted to drop to $60 per barrel next year
Citi predicts that oil prices will plummet to the $60s range by 2025 as inventories build following a tight market this summer,…