US petroleum giants ExxonMobil and Chevron reported big jumps in second-quarter profits Friday, the latest boost from a recovery in oil prices that still feels shaky to many industry officials. Exxon’s profit for the quarter ending June 30 nearly doubled to $3.4 billion, while Chevron nabbed $1.5 billion in earnings, up from a $1.5 billion … Read more
Sudanese Prime Minister Hassan Saleh announced a new government on Thursday, with changes to economic ministers including the oil, investment and finance chiefs. Sudan’s constitution was amended in December to introduce the position of prime minister, a demand of opposition parties that took part in a national dialogue with the government, with the aim of … Read more
Oil slipped on Friday, pressured by growing global stocks, while expectations that an oil output cut by producers might eventually balance the market helped to underpin prices. Brent crude futures were trading at $55.33 per barrel at 1256 GMT, 32 cents below their last close. U. S. West Texas Intermediate (WTI) crude futures were down … Read more
Oil prices edged up on Friday on news that U. S. President Donald Trump could be set to impose new sanctions on multiple Iranian entities, firing geopolitical tensions between the two nations. Comments by Russian energy minister Alexander Novak that oil producers had cut their output in accordance with a pact agreed in December also … Read more
U. S. Gulf Coast refiners are cashing in on rising fuel demand from Mexico, shipping record volumes to a southern neighbor that has failed to expand its refining network to supply a fast-growing economy. The fuel trade could top a million barrels per day (bpd) at times in 2017 as Mexico becomes increasingly dependent on … Read more
The NPP presidential candidate Nana Akufo-Addo has accused the Mahama-led government of mortgaging Ghana’s future. He said the NDC government has over-borrowed in an attempt to hide their economic ineptitude since they assumed the Presidency in 2008. In an article published in the Newsweek international magazine, the former attorney general said ” Mahama’s government has … Read more
In 2017, Ghana will celebrate 60 years of independence. We were the first sub-Saharan African people to achieve independence and, at many stages during the past six decades, Ghana has been praised as a trailblazer for success in Africa. Unfortunately, Ghana has often flattered only to deceive. After many years of political upheaval, we have … Read more
In 2017, Ghana will celebrate 60 years of independence. We were the first sub-Saharan African people to achieve independence and, at many stages during the past six decades, Ghana has been praised as a trailblazer for success in Africa. Unfortunately, Ghana has often flattered only to deceive. After many years of political upheaval, we have … Read more
The Presidential Candidate of the New Patriotic Party (NPP) has said Ghanaians are desirous of change in government because they are disappointed with the performance of the National Democratic Congress (NDC). In an article published in an international news magazine, Newsweek, Nana Addo Dankwa Akufo-Addo said no one can stop the wind of change sweeping … Read more
In 2017, Ghana will celebrate 60 years of independence. We were the first sub-Saharan African people to achieve independence and, at many stages during the past six decades, Ghana has been praised as a trailblazer for success in Africa. Unfortunately, Ghana has often flattered only to deceive. After many years of political upheaval, we have … Read more
In 2017, Ghana will celebrate 60 years of independence. We were the first sub-Saharan African people to achieve independence and, at many stages during the past six decades, Ghana has been praised as a trailblazer for success in Africa. Unfortunately, Ghana has often flattered only to deceive. After many years of political upheaval, we have … Read more
It was one of the worst deals the U. S. ever negotiated, according to Donald Trump. But will he now try to kill the historic agreement with Iran over its nuclear program and reimpose sanctions? Last year’s deal between Iran, the United States, Britain, Germany, France, Russia and China was a focal point of President … Read more
Warri (Nigeria) (AFP) – When the Niger Delta Avengers (NDA) rebel group announced this week it had called a ceasefire and was entering talks with the government, many hoped peace would be restored to the country’s oil belt. If only it were so easy. The NDA dominate the headlines, but behind the scenes, a groundswell … Read more
Abuja (AFP) – Nigerian President Muhammadu Buhari said Sunday that Boko Haram leader Abubakar Shekau is “wounded”, in his first comments on military claims that the jihadi leader was injured in an attack. Nigeria’s armed forces said on Tuesday that Shekau had been wounded in an air strike on Boko Haram’s forest stronghold, but released … Read more
Gabon’s opposition presidential candidate Jean Ping has claimed victory over incumbent President Ali Bongo, whose family has ruled the oil-rich African nation for nearly half a century. “The decision taken by the population is known now by everybody,” Ping told Al Jazeera on Sunday. “Gabon is a small country so it is possible to know … Read more