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 that fuel prices will drop slightly for the next pricing window in May. World Oil Market Indices for Benchmark Brent crude prices have been … Read more
The Institute of Energy Security (IES) has predicted a percent increase in fuel prices next week. According to the Institute, due to current developments around the world, it is likely prices for the next pricing window will go up. “If you look at the crude oil price at the world market, the cedi dollar ratio, … Read more
The World Bank is forecasting strong gains for industrial commodities such as energy and metals in 2017, due to tightening supply and strengthening demand. In its January 2017 Commodity Markets Outlook, the bank said it was holding steady its crude oil price forecast for the year at $55 per barrel, a 29 per cent jump … Read more
The World Bank has forecasted strong gains for industrial commodities like energy and metals in 2017; holding crude oil price forecast for the year at $55 per barrel, due to tightening supply and strengthening demand. The Bank’s January 2017 Commodity Markets Outlook, said forecast for crude oil is a 29 percent jump from 2016. The … Read more
The World Bank has forecasted strong gains for industrial commodities like energy and metals in 2017; holding crude oil price forecast for the year at $55 per barrel, due to tightening supply and strengthening demand. The Bank’s January 2017 Commodity Markets Outlook, said forecast for crude oil is a 29 percent jump from 2016. The … Read more
The World Bank has forecasted strong gains for industrial commodities like energy and metals in 2017; holding crude oil price forecast for the year at $55 per barrel, due to tightening supply and strengthening demand. The Bank’s January 2017 Commodity Markets Outlook, said forecast for crude oil is a 29 percent jump from 2016. The … Read more
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 Akufo-Addo, and the Institute for Energy Security (IES). Nana Akufo-Addo had said the government will reduce petrol price in a “desperate” move to … Read more
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 Oil, Radiance Oil, Glory Oil and Allied Oil because they were selling the cheapest fuel on the local market. Shell (Vivo Energy), Total Petroleum … Read more
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 Ghana Cedi to the U. S. Dollar, the up to 8.12 % reduction in the prices of finished products on the … Read more
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 down by 1.5% and 3.0% respectively on the local market. “As a result of marginal loss of the Ghana Cedi … Read more
Finance Minister Seth Terkper is predicting that the significant drop in inflation is likely to force interest rate down in the coming days. Inflation for the month of October 2016 declined from the 17.2% recorded in September to 15.8%. According to figures released by the Ghana Statistical Service, inflation for the food and non-alcoholic beverages … Read more