External forces to blame for petroleum price hikes- gov’t
The price of fuel is said to be at an all-year high in September with Diesel selling at GH¢4.29 per litre, and Petrol selling at GH¢ 4.23. In July, diesel was sold at about GH¢ 3.77 per litre, while petrol was sold at GH¢ 3.76. Despite the increases, commercial drivers have decided to stay the […]
Cedi depreciation, US floods increase petroleum prices
Consumers should brace themselves to pay more for fuel for the second pricing window in September 2017. It follows an anticipated 7 percent rise in the prices of petroleum products. According to the Institute of Energy Security (IES), this is highly due to the effect and great impact Hurricane Harvey had on oil refineries across […]
Maritime dispute win to boost Ghana’s economy
Analysts in the oil and gas sector are anticipating a judgement in favour of Ghana at the landmark case involving Ghana and Ivory Coast at the International Tribunal of the Law of the Sea (ITLOS). The Special Chamber of ITLOS is expected to deliver its ruling on the three-year dispute between the two countries. Ghana, […]
Ghana records strong growth in 2nd quarter of 2017
Ghana’s economy recorded strong growth in the second quarter of this year, much higher than the previous quarter. New figures recorded by the Ghana Statistical Service reveal that Ghana grew by 9.0 percent as compared to the same period last year which had a growth of 1.1 percent. Industry led the growth followed by the […]
U.S. fuel exports recover after Harvey, offering buyers respite
LONDON/HOUSTON (Reuters) – Fuel exports from the U.S. Gulf Coast have surged as refineries recover from weeks of disruptions due to Hurricane Harvey, offering respite to buyers in Latin America and Europe. The gradual resumption of operations in the region that has become a major oil export hub has prompted a drop on both sides […]
Oil falls as U.S. data shows mixed picture
TOKYO (Reuters) – Oil prices fell on Thursday, with U.S. crude giving up some of the previous session’s gains that were driven by a surprise fall in inventories, while Brent moved further away from recent 26-month highs. U.S. West Texas Intermediate crude (WTI) CLc1 dipped 22 cents, or 0.4 percent, to $51.92 a barrel by […]
