Market Outlook – 16th to 30th November 2025 Pricing Window
Crude Oil and Refined Products Market Review and Outlook Crude oil and refined petroleum product prices recorded notable increases on the international market during the 16th to 30th November 2025 pricing window. The upward trend was largely driven by rising demand from China, the impact of U.S. sanctions on Russia, and positive market sentiment following […]
Innovative Financing and Cooperation Key to Africa’s Energy Future
The Chamber joined energy leaders and policymakers across the continent at the OTL Africa Downstream Energy Week 2025 in Lagos, Nigeria, to explore strategies for sustainable investment, collaboration, and innovation in Africa’s energy transition. At the conference, Dr. Patrick K. Ofori, Chief Executive Officer of CBOD, delivered a presentation under the session theme “International Energy Trading, […]
Market Outlook – 16th to 31st October 2025 Pricing Window
Crude Oil and Refined Products Market Review and Outlook During the pricing window under review, the international market price of crude oil declined by about 2.03% compared to the previous window. Increased production from both OPEC and non-OPEC member countries largely drove the price reduction, resulting in a higher supply relative to demand. It has […]
Market Outlook – 1st to 15th October 2025 Pricing Window
Crude Oil and Refined Products Market Review and Outlook Compared to August 2025, global petroleum markets in September recorded modest price uptick across crude oil and refined products, reflecting the combined impact of geopolitical tensions and broader economic conditions. In the pricing window under review, crude oil prices rose by about 1.86%, driven largely by […]
Market Outlook – 16th to 30th September 2025 Pricing Window
Crude Oil and Refined Products Market Review and Outlook Crude oil prices in the global market have been declining for the fourth consecutive window. Crude oil prices on the global market fell marginally in the window under consideration by 0.52%, demonstrating the sector’s recovery from the geopolitical tensions in Q2 that spiked prices considerably during […]
Market Outlook – 16th to 31st August 2025 Pricing Window
Crude Oil and Refined Products Market Review and Outlook The global market has largely recovered from the geopolitical tensions in June that hiked supply-risk premiums and disrupted the supply chain in June and July 2025. Crude and petroleum product prices rose sharply in June when Israel attacked Iran’s nuclear sites. The attacks led to retaliatory […]
CBOD Pays Tribute to Victims of Military Helicopter Crash
The Chamber of Bulk Oil Distributors (CBOD) has laid flowers in honour of the eight gallant lives lost in the recent Ghana Armed Forces helicopter crash. The solemn tribute on Monday, August 11, was part of nationwide activities to mourn the deceased and stand in solidarity with their families. The nation has been in deep […]
CONDOLENCE STATEMENT ON THE MILITARY HELICOPTER TRAGEDY
The Chamber of Bulk Oil Distributors (CBOD) extends its deepest condolences to the bereaved families, friends and the nation at large following the tragic military helicopter crash that claimed the lives of eight distinguished Ghanaians in line of national duty on Wednesday, 6th August 2025 in the Adansi Akrofuom District of the Ashanti Region. We […]
Market Outlook – 1st to 15th August 2025 Pricing Window
Crude Oil and Refined Products Market Review and Outlook Heightened geopolitical tensions and hikes in supply-risk premiums resulted in a temporary surge in crude oil prices in June by about 13%. This was largely due to the impact of the Israel–Iran conflict that resulted in the Parliament of Iran threatening the closure of the Strait […]
Fix Strategic Petroleum Transport Roads – CBOD Urges Government
The Chamber of Bulk Oil Distributors (CBOD) is urging government to prioritise the rehabilitation of critical petroleum haulage routes using proceeds from the GHS1 levy placed on every litre of fuel sold in the country. According to CBOD CEO, Dr. Patrick Kwaku Ofori, the poor condition of key transport roads—used to move petroleum products from […]
