Tag: Crude Oil
Business
Gold exports in 2023 surge to $7.60bn, crude oil, cocoa, timber exports decline – BOG
Gold exports reached $7.60 billion, marking a 15.0% increase compared to the previous year. This growth is primarily attributed to a 9.2% rise in...
Business
Crude oil production dwindled from 71.44m to 48.25m in 2023 – PIAC Report
Ghana's crude oil production witnessed a downturn for the fourth consecutive year in 2023, as highlighted in the report by the Public Interest and...
Business
Aliko Dangote’s refinery set to buy 24 million barrels of crude oil
Dangote Refinery is seeking millions of barrels of U.S. crude oil, according to a document reviewed by Reuters.The refinery, with a capacity of 650,000...
Independent Africa
Nigeria mandates oil companies to sell to local refineries
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on behalf of the federal government, has introduced new regulations mandating oil producers to prioritize selling crude...
Business
Fitch adjusts 2024 Crude Oil forecast to $80
Leading rating agency, Fitch Solutions, has adjusted its crude oil forecast for 2024 to $80.0 per barrel, marking an increase from the earlier projection...
Business
Govt grapples with over GHS143m compensation debt for impacts of road construction – Director of Urban Roads
The Department of Urban Roads, under the leadership of Director Ing. James Amoo-Gottfried, has disclosed that the government faces a road construction compensation debt...
Business
13% decrease in half-year crude oil production per PIAC reports
During the first half of 2023, crude oil production in the country experienced a significant decline, raising concerns about petroleum revenues and regulatory compliance....
Business
Prices of cocoa, gold up but crude oil drops on international market – BoG
The Bank of Ghana has reported a mixed reaction to the prices of Ghana’s major export commodities on the international market in the first...
Independent Africa
South Sudan concerned about rebel threats to halt crude oil shipments
South Sudan is growing increasingly concerned about the potential impact of the ongoing conflict in neighboring Sudan on its oil transportation and revenue, which...
Business
Price of LPG to fall by 7.0% effective tomorrow
Consumers of Liquefied Petroleum Gas (LPG) are expected to see a fall in the price of the commodity by 7 per cent effective tomorrow,...
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