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 ...
Tag: petroleum
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. ...
GOIl’S Turnover Up By 26%, Records Over GHC35m In Net Profit
Ghana Oil Company limited (GOIL) recorded a turnover in excess of GHC2 million, representing 26. 95 per cent in 2016, ...
US Oil Output Back Near Records, Challenging OPEC
American oil production is approaching record levels again, led by shale projects, potentially foiling efforts by OPEC to support prices. ...
Oil Marketing Companies Collapsing
AOMCs says the development has made it difficult for their members to repay debts The Non-Performing Loans (NPLs) of commercial ...
Oil Prices Have Plunged 15% In 3 Weeks
Renewed fears about the oil supply glut have sent crude prices plunging 15% Renewed fears about the oil supply glut ...
More OMCs Threaten Layoffs Over Illegal Trade
More workers are set to be laid off in the petroleum downstream sector as the illegal sale of petroleum products ...
Ghana On the Verge of Petroleum Crisis; Government Warned
The Association of Oil Marketing Companies (AOMCs) has called on the government to regulate the growing activities of black market ...
OPEC Daily Basket Price Stood At $49.26 A Barrel
The price of OPEC basket of thirteen crudes stood at $49.26 a barrel on Monday, 1 May, 2017, compared with ...
Africa Rejects Europe’s ‘dirty Diesel’
Governments in West Africa are taking action to stop the import of fuel with dangerously high levels Ghana and Nigeria ...
Oil Earnings Surge But Some Question Skimpy Investment
Rising crude prices drove huge profits for US oil industry giants, but key figures in the sector have raised concerns ...
Tighten Noose Around Petroleum Black Market Dealers – OMCs
Scores of Oil Marketing Companies (OMCs) on Wednesday called on the National Security to tighten the noose around Petroleum Black ...
A Decade After Oil Discovery! The Bold Steps, the Mistakes, the Lessons, and the Future
A decade after oil discovery! The bold steps, the mistakes, the lessons, and the future When Ghana discovered hydrocarbons in ...
The Bold Steps, Mistakes, Lessons, and the Future
A decade after oil discovery: The bold steps, mistakes, lessons, and the future The country appeared to have lost momentum ...
Ghana Records 3.2m Metric Tonnes of Imports From Africa Region
Imports from the Africa region to Ghana in 2016 amounted to 3.2 million metric tonnes. This represented an increase of ...
Goil Adjudged Best Oil Marketing Company For 2016.
Chamber of Petroleum Consumers Ghana (COPEC-GH) has adjudged Goil, a Ghanaian owned oil company with the largest Market share, as ...
Oil Producers ‘might Have To’ Extend Output Cuts
Saudi Arabia's energy minister said on Thursday that oil-producing countries might have to extend output cuts agreed for the first ...
Oil Output Cuts Pressure Mideast Economic Growth
Economic growth in Saudi Arabia and most other Arab oil exporters will slow this year following production cuts aimed at ...
Springfield Set For Exploration
The Chiefs and people of coastal districts in the Western Region have welcomed the entry of Springfield Exploration and Production ...
Crude Oil, LPG Top 2016 Maritime Imports
Ghana’s economy still remains a highly import driven one despite calls and the need to diversify the country’s exports and ...