From Reaction to Prevention: Rethinking Safety in the Downstream Sector
The Ghana Chamber of Bulk Oil Distributors (CBOD) participated in the Chamber of Oil Marketing Companies (COMAC) Safety Week 2026, where the Chief Executive Officer, Dr. Patrick K. Ofori, delivered a keynote address at the official launch of the programme. Speaking on the theme, “Managing Risk Before It Becomes an Incident,” Dr. Ofori emphasised that […]
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 […]
Strengthening Industry Collaboration: CBOD Engages COMAC to Advance Downstream Sector Stability
On March 3, 2026, the Chamber of Bulk Oil Distributors (CBOD) paid a courtesy visit to the Chamber of Oil Marketing Companies (COMAC) as part of ongoing efforts to deepen industry engagement and strengthen collaboration within Ghana’s downstream petroleum sector. The CBOD delegation was led by its Chief Executive Officer, Dr. Patrick K. Ofori, and […]
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 – 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 […]
CBOD 2024 Ghana Petroleum Industry Report
The Ghana Chamber of Bulk Oil Distributors (CBOD) has released the 2024 Ghana Petroleum Industry Report, its annual flagship publication offering in-depth analysis of Ghana’s upstream and downstream petroleum sectors. The report serves as a key reference for industry players, policymakers, academics, and business leaders, supporting informed decisions on investment, policy, and sector development. The […]
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 […]
CBOD Hosts CPI Delegation from the Democratic Republic of Congo
The Chamber of Bulk Oil Distributors (CBOD) was pleased to welcome a delegation from the Comité Professionnel des Importateurs des Produits Pétroliers (CPI) of the Democratic Republic of Congo on 24th November 2025 during their professional exchange visit to Ghana. Led by CBOD CEO, Dr. Patrick Ofori, the session provided an overview of Ghana’s downstream […]
CBOD Supports Special Needs Education Through Meaningful ESG Action
The Chamber of Bulk Oil Distributors (CBOD) is calling on corporate organisations to diversify their Environmental, Social, and Governance (ESG) initiatives to ensure that marginalised and vulnerable groups also benefit meaningfully from social investments across the country. Speaking at the commissioning of a renovated hygiene facility, including 12 washrooms, for the Dzorwulu Special School 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 […]
