Trading on the proposed Ghana Commodity Exchange (GCX) Market, which is aimed at providing a ready market for grains and cereal producers, is expected to commence this year, following government’s decision to provide GH?15 million to support its establishment. The Ghana Commodity Exchange (GCX), which will operate on a Warehouse Receipt System modelled after a … Read more
Oil prices fell Wednesday after reports showed increasing U. S. crude inventories, triggering worries for continued global crude over-supply. The West Texas Intermediate for March Delivery erased 0.43 dollars to settle at 52.75 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery decreased 0.36 dollars to close at 55.08 … Read more
Crude prices edged up in early Friday trade following reports that major producers have started cutting production as pledged, strengthening views the global oil glut was ebbing. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February CLH7, 0.07% traded at $53.09 a barrel, up $0.05 in the Globex electronic session. … Read more
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 deal. Futures fell as much as 2 percent in New York after dropping 4 percent on Friday. Saudi Arabia for the first time … Read more
Canada’s main stock market in Toronto started the week positively as rising crude oil and natural gas prices contributed. The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite Index gained 43.04 points, or 0.30 percent, to end the session at 14,598.45 points. Six of the ten sub-sectors ended the day higher. TSX Energy group saw … Read more
Gold futures on the COMEX division of the New York Mercantile Exchange fell on Monday as the U. S. dollar showed extensive strength. The most active gold contract for December delivery fell 2.6 U. S. dollars, or 0.21 percent, to settle at 1,221.70 dollars per ounce. The U. S. dollar rose unexpectedly sharply on Monday, … Read more
Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output. Donald Trump’s surprise victory in last week’s U. S. presidential election has boosted stocks and the dollar, but undermined much of the commodities … Read more
Following a global report which has uncovered that Ghana’s market is flooded with toxic diesel, The Finder can report that data from the National Petroleum Authority (NPA) has revealed that Bulk Oil Storage and Transport Company Limited (BOST), the state owned strategic reserve holder accounts for a significant 25% of total quantity of diesel imported … Read more