Market Outlook – 1st to 15th May 2026 Pricing Window
Crude and Refined Products Price Review and Outlook International crude oil prices plummeted significantly by about 12.33% in the period under review, averaging around USD114 per barrel, after surging to nearly USD130 per barrel in the first week of April, the highest level since 2022. The decline was largely driven by improved market sentiment following […]
Market Outlook – 16th to 30th April 2026 Pricing Window
Crude and Refined Products Price Review and Outlook International crude oil prices surged to approximately USD130 per barrel in the first week of April, marking the highest level since 2022. This compares to the peak of about USD133 per barrel recorded in May 2022, following the onset of the Russia-Ukraine War, which significantly disrupted global […]
Market Outlook – 1st to 15th April 2026 Pricing Window
Crude and Refined Products Price Review and Outlook The price of crude in the international market has witnessed an unprecedented surge since 28th February, when the US and Israel jointly attacked Iran. Crude prices have since then escalated to their highest in years due to the continual attacks on oil refineries and other storage infrastructure […]
Market Outlook – 16th to 31st March 2026 Pricing Window
Crude and Refined Products Price Review and Outlook International prices of crude oil have surged significantly due to the ongoing US/Israel-Iran war in the Middle East, despite the decision by the International Energy Agency (IEA) and the G7 countries to release a record volume of oil stockpiles to help mitigate potential supply disruptions. Crude oil […]
Market Outlook – 1st to 15th March 2026 Pricing Window
Crude and Refined Products Price Review and Outlook International crude oil prices are higher by about 15.66% since January, with benchmark prices surpassing USD70/bbl for the first time in seven months. Crude oil prices at the global market rose significantly from USD61.74/bbl in January 2026 to an average of USD71.41 in the current window. This […]
Market Outlook – 16th to 28th February 2026 Pricing Window
Crude and Refined Products Price Review and Outlook International crude oil prices increased by about 5.19% in the 27th January to 11th February 2026 pricing window, with benchmark prices surpassing USD70/bbl for the first time in seven months. The increase was largely driven by escalating tensions between the Trump’s administration and Iran, following protests in […]
Market Outlook – 1st to 15th February 2026 Pricing Window
Crude and Refined Products Price Review and Outlook The averages of the international market prices of refined petroleum products in the 12th to 26th January 2026 pricing window are the applicable price benchmarks used in pricing petroleum products from 1st to 15th February 2026 in Ghana. International benchmark prices during the period recorded a marked […]
Market Outlook – 16th to 30th January 2026 Pricing Window
Crude Oil and Refined Products Market Review and Outlook Global crude oil prices fell sharply in 2025 driven by economic and geopolitical factors that affected demand and supply dynamics in the international market. As a result, average crude oil prices declined by about 14% in 2025 from an average of USD81.03/bbl in 2024 to an […]
Market Outlook – 16th to 30th December 2025 Pricing Window
Crude Oil and Refined Products Market Review and Outlook Crude oil prices on the global market, on average, declined by about 7.14% in quarter four (Q4) 2025 compared to quarter three (Q3) 2025. The drop has been attributed to the rising global production by both OPEC and non-OPEC countries. According to Reuters, oil surpluses in […]
Market Outlook – 1st to 15th December 2025 Pricing Window
Crude Oil and Refined Products Market Review and Outlook Crude oil prices on the global market declined by approximately 2.40% during the 12th to 26th November pricing window. This drop occurred despite stronger demand in China and improved market sentiment following the U.S.–China tariff agreement, as concerns about oversupply from both OPEC and non-OPEC producers […]
