BOST Denies Alleged GHC23m ‘shady’ Deal; Board Meets On Monday
Board members of the Bulk Oil Storage and Transportation (BOST) will on Monday meet to take a decision on the ...
Tag: OPEC
Libya’s NOC Sees 1.25 Mln Bpd Oil Output By Year-End
The head of Libya's National Oil Company announced on Wednesday that oil production is expected to reach 1.25 million barrels ...
Oil, Gas Key To World Energy For ‘decades To Come’
Oil and gas will remain central to the world's supply of energy for decades to come, despite a surge of ...
Energy Firms Hit By Oil Dive, N.Korea Crisis Fuels Uncertainty
Asian energy firms sank Thursday following a plunge in oil prices while equity traders remained on edge after North Korea's ...
US Stocks Pressured By Weak Oil Shares
Petroleum-linked shares tumbled early Wednesday, on lower oil prices, pressuring US stocks, while some big technology shares were modestly positive. ...
Quantum Oil Case Against IFC To Be Heard In Ghana
An Accra High Court has dismissed a stay application by the International Finance Corporation (IFC) and the OPEC Fund to ...
Putin Talks Syria, Oil With Powerful Saudi Prince
Russian President Vladimir Putin on Tuesday discussed cooperation on oil and the conflict in Syria with powerful Saudi Deputy Crown ...
Declining Oil Prices Will Least Affect Ghana – Economist
Some Economists have ruled out any significant impact on Ghana’s economy following the declining global oil prices. The decision by ...
Declining Oil Prices Will Least Affect Economy – Economist
Some Economists have ruled out any significant impact on Ghana’s economy following the declining global oil prices. The decision by ...
Oil Price Plummets Despite Deal To Extend Output Cut
The price of oil has plummeted by about 5%, despite oil-producing nations agreeing to extend production cuts for a further ...
Wall Street Forges Higher Despite Oil Market’s Glum Mood
Buoyant trading in New York saw Wall Street set fresh records on Thursday, with US stocks recording their sixth consecutive ...
Trump Budget Proposes Deep Cut To US Oil Stockpile
President Donald Trump's budget released Tuesday proposed radically downsizing the US Strategic Petroleum Reserve, arguing that America's shale boom has ...
Oil Producers To Extend Output Curbs At OPEC Meeting
Oil producers inside and outside the OPEC cartel have little choice but to extend their deal from late 2016 curbing ...
Iraq Agrees To Nine-Month Extension of OPEC Production Cut
Iraq has agreed to a nine-month extension of a production cut pact among OPEC members that is aimed at boosting ...
Asian Energy Firms Lead Market Gains On Hopes For Oil Ouput Cut
Energy shares led a broad rally across Asian markets on Monday as oil prices were boosted by growing hopes that ...
Saudi Minister Confident of Oil Cut Extension
Saudi Arabia's energy minister expressed confidence on Sunday of extending a global cut in oil production designed to boost prices. ...
Russia’s Economy Is On the Mend
Russia is heavily dependent on oil exports and was hit hard when crude prices started to crash The country is ...
Russia, Saudi Call For Oil Output Deal Extension
The world's biggest oil producers Russia and Saudi Arabia on Monday called for extending an output reduction deal ahead of ...
World Bank’s IFC, OPEC Fund Drag Ghanaian Firm To London Court
International Finance Corporation (IFC), the private lending arm of the World Bank Group, has dragged indigenous Ghanaian company Quantum Oil ...
Oil Price Tumbles To Five-Month Low
The oil price has fallen to a five-month low as investor concerns resurface about a worldwide glut. Brent crude dropped ...