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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 […]

At the just-ended OTL Africa Downstream Energy Week 2025 in Lagos, Nigeria, the Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors (CBOD), Dr. Patrick K. Ofori, delivered a compelling presentation under the session theme “International Energy Trading, Finance & Investment Forum”. Speaking on the broader conference theme, “Energy Sustainability — Growth Beyond

Crude Oil and Refined Products Market Review and Outlook  During the pricing window under review, international crude oil prices declined by about 6.5%, compared to a 2.0% drop in the preceding window. The reduction was primarily driven by increased production levels among both OPEC and non-OPEC countries, including notable output growth from the United States,

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

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

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

The Chamber of Bulk Oil Distributors (CBOD), in partnership with the Canadian Petroleum Training Institute (CPTI) and Stark Energy Ltd, has successfully concluded a 2-day Crude Oil Products Certification Training Programme in Accra. Held at the Palms by Eagles Hotel (formerly Holiday Inn), the programme brought together depot members and industry professionals for a deep

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

Crude Oil and Refined Products Market Review and Outlook Crude oil prices in the global market declined by about 3.69% compared to the previous pricing window, demonstrating the sector’s recovery from the geopolitical tensions in Q2 that spiked prices considerably around the period. Similarly, refined petroleum products (petrol, diesel, LPG, and ATK) fell considerably within

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