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Crude oil prices are rising, reaching $79,47 per barrel

On Monday, January 9, the price of crude oil soared as a result of China, one of the largest economies in the world, opening...
Business

Vitol SA, Woodfields Energy dragged to court over non payment of $500K crude tolling fee

A totally owned Ghanaian firm, DMT Collateral Management Company Ghana Limited (Plaintiff), has filed a lawsuit for contract violation against Vitol SA, the first...
Business

Oil drops by 3% to reflect reductions on market

The cost of crude oil keeps falling. On Monday, the product is being exchanged at a price of roughly 87 dollars per barrel on...
Business

Crude oil’s price drops to under $90

As of September 19, 2022, the price of crude oil had dropped below $90 to trade at $89.17. On September 19, 2022, Brent crude sold...
Business

TOR permitted to negotiate lease agreement to refine crude oil with Decimal Capital Ltd Management

Management of the Tema Oil Refinery (TOR) has announced that the Ministry of Energy (MoE) has permitted the Oil Company to negotiate a lease...
Business

Fuel price hikes: Ghana owns only 18% of its crude oil produced daily – NPA

Ghana owns only 27,000 barrels, representing 18 per cent of the 150,000 barrels of crude oil produced in the country daily. This is woefully less...
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