BDC’s proposal for alternative mooring facility reaches Cabinet ― NPA
The Chief Executive Officer (CEO) of the National Petroleum Authority (NPA), Hassan Tampuli, has said a proposal by Bulk Oil Distributors for an alternative Conventional Buoy Mooring (CBM) facility has been sent to cabinet for possible approval. He said the Attorney General, Madam Gloria Akuffo, has given her opinion on the issue and a decision […]
NPP and NDC justify their energy manifesto promises at maiden CBOD event dubbed “The Energy Manifesto Town Hall”
The two main political parties, the National Democratic Party (NDC) and the New Patriotic Party (NPP) will in the coming week justify their energy manifesto promises which they have made to Ghanaians ahead of the general elections on December 7, 2020. This will happen at the Chamber of Bulk Oil Distributors’ maiden industry event dubbed […]
EPA Encourages LPG Stakeholders To Embrace Safety
The Environmental Protection Agency (EPA)has urged stakeholders in the Liquefied Petroleum Gas (LPG) industry to embrace safety holistically in their everyday work, to prevent accidents from happening at Gas Filling Stations. Mr Henry Kwabena Kokofu, EPA Executive Director who told the Ghana News Agency in an interview noted: “Players in the Gas industry must ensure […]
CBOD and S&P Global Platts hold industry master class on the impact of COVID-19 on petroleum products supply
The Chamber of Bulk Oil Distributors (CBOD) in partnership with S&P Global Platts will hold an industry Master on the impact of Covid-19 on the petroleum products supply and the way forward for Ghana. Key players in the Ghanaian petroleum downstream will be expected to take part in this virtual session slated for Tuesday, September […]
CBOD to set up a special committee to lead the review of existing NPA ACT
The Chamber of Bulk Oil Distributors is reviewing the current National Petroleum Authority (NPA) ACT, 2005(ACT 691). This is in lieu of the overall amendment by the regulator, National Petroleum Authority. The NPA seeks to amend and /or repeal certain sections of the NPA ACT,2005 (ACT 691) because of key developments that have emerged in […]
Oil Prices Rebound On EIA Inventory Report
A crude oil inventory draw of 1.6 million barrels sent oil prices higher today, with the Energy Information Administration also reporting a fall in gasoline inventories and a modest build in distillate fuel inventories. This compared with a draw of 4.5 million barrels for the previous week, the third weekly draw—and hefty—in a row. A day earlier, the American […]
Saudi Arabia may be forced to cut oil prices once again
After three consecutive months of raising its crude oil prices, the world’s largest oil exporter, Saudi Arabia, is widely expected to make the first cut to its official selling prices (OSPs) since the OPEC+ group started their record production cuts to prop up the market and prices amid crashing demand. Oil refiners and traders in […]
Implement a fuel subsidy scheme for commercial vehicle drivers – COPEC to govt
The plight of commercial vehicle drivers continues to worsen in this COVID-19 era as fuel prices have shot up from GH¢4.65 per litre to GH¢4.820 per litre at various pumps, representing some 3.8 per cent. Drivers over the week called on the government to as a matter of urgency come to their aid by reducing […]
ACEP pushes for supplementary budget to manage impact of low oil prices, COVID-19
The African Centre for Energy Policy, ACEP, is calling on government to prepare a supplementary budget that will help manage the effects of low oil prices on the market. According to ACEP, the impact of revenue shortfalls from the oil and gas sector due to price volatility on the international market, has severe implications for […]
Mali Petroleum Regulators Pay First-Ever Courtesy Call On Cbod
Accra, March 02, 2020 – A delegation from the Malian National Office in charge of regulating petroleum products is scheduled to pay a courtesy call on the Chamber of Bulk Oil Distributors (CBOD) to discuss matters relating to the supply and re-export of petroleum products from Ghana to Mali. The meeting is slated for Wednesday, […]
