Global oil drops but cedi depreciation keeps fuel prices high
Consumers are bracing for mixed outcomes at the pumps as global fuel prices decline, but the local currency’s depreciation…
Browsing Tag
oil
BoG Forex Auction: 14 BDCs purchase $20m at GHS 12.15/$1 for fuel imports
Bulk Oil Distribution Companies (BDCs) undertook a substantive transaction with the Bank of Ghana (BoG) on December 13, 2023.…
Traders don’t see OPEC+ substantially lifting oil prices
Portfolio managers continued to be bearish on crude oil prices ahead of the now-delayed OPEC+ meeting, further selling off Brent…
Gold for oil policy susceptible to illicit financial flows – ISSER says
The Institute of Statistical Social and Economic Research (ISSER) says the government’s ‘Gold for Oil’ policy, meant to address…
Russia lifts diesel-export ban for its oil producers
Russia allowed a return to seaborne exports of diesel just weeks after imposing a ban that roiled global markets, taking other…
How the FG can tackle crude oil theft – NEITI
The Nigerian Extractives Industries Transparency Initiative (NEITI) has provided some recommendations on how the Federal…
Huge oil, gas find validates Lekoil’s bet on Dahomey Basin
Early interest by Nigeria’s leading oil exploration firms including Lekoil Nigeria Limited in exploring the Dahomey Basin, a…
Oilfields to produce 120,000 barrels daily — Energy Ministry
The country's oilfields are expected to start producing additional 120,000 barrels of oil per day (bopd) to offset the decline in…
Ghana’s oil production declines further – PIAC
Ghana’s annual crude oil production has declined from 55.05 million barrels (bbl) in 2021 to 51.7 million bbl in 2022,…
Russian oil to be stashed in Ghana as pool of buyers shrinks
A cargo of Russian oil is heading for storage tanks in Ghana, a nation that exports crude itself and is on the doorstep of two…