Refined Products Review and Outlook Crude oil prices have risen significantly since the month of July, to about USD86 per barrel in the last selling window of August 2023. This rise has been largely attributed to supply tightness due to OPEC+ production cuts and renewed optimism about Chinese demand. The OPEC+ nations in April 2023 …
Refined Products Review and Outlook Global crude prices rose significantly in the month of July largely due to supply tightness owing to OPEC+ production cuts and renewed optimism over Chinese demand and global growth. High inflation and interest rates in the US and Europe and the weak economic indicators from economies like the US, EU, …
Refined Products Price Review and Outlook The international market prices of finished petroleum products in the 27th June to 11th July 2023 pricing window, which are the premiums used in pricing petroleum products from 16th to 31st July 2023, changed marginally compared to the previous selling window. Crude oil prices on the world market within …
Refined Products Price Review and Outlook The international market prices of finished petroleum products in the 12th to 26th June 2023 pricing window, which are the premiums used in pricing petroleum products from 1st to 15th July 2023, changed marginally compared to the previous selling window. Crude oil prices at the world market declined by …
The management and staff of the Ghana Chamber of Bulk Distributors (CBOD) have planted 1,100 trees in the Chirapa Forest Reserve in Agomeda in the Greater Accra Region as part of the Green Ghana initiative. The chief executive of CBOD, Dr. Patrick Ofori, says the chamber is in full support of the initiative and …
CBOD plants one thousand trees in support of Green Ghana Initiative Read More »
Refined Products Price Review and Outlook Global crude oil and refinery product prices continue to tumble due to uncertainties regarding the global economic outlook and unprecedented high inflation rates in the US and Europe. Although global crude prices rose slightly in April due to the surprise announcement by some OPEC+ nations to voluntarily cut production …
The Ghana Chamber of Bulk Oil Distributors (CBOD) has asked the Government to enhance measures to stabilise the cedi to ensure reduced fuel prices for Ghanaians. According to the Chamber, a strong cedi is critical to affordable petrol and diesel prices, which would also support business growth and cushion the public from the associated hikes …
Containing Cedi depreciation critical to affordable fuel prices – CBOD Read More »
The Ghana Chamber of Bulk Oil Distributors (CBOD) has called on government to create an enabling environment that would ensure bulk distribution companies compete fairly in the gold for oil (G4O) programme. According to Chamber, the Bank of Ghana (BoG) underwriting the risks associated with commercial activities of the Bulk Oil Storage and Transportation company …
Gold-for-oil: Chamber of Bulk Oil Distributors call for fair competitive environment Read More »
The Ghana Chamber of Bulk Oil Distributors (CBOD) is not in any way opposed to the government’s gold-for-oil (G4O) programme, according to Chief Executive Officer, Dr Patrick Ofori. The Chamber is also not against the involvement of the Bulk Oil Storage and Transportation Company (BOST) in managing strategic petroleum stocks within the downstream petroleum sector, …
CBOD is not opposed to gold-for-oil, BOST managing strategic stocks says CEO Read More »
The 2020/21 Ghana Petroleum Industry Report is an amalgamation of the 2020 and 2021 Industry reports. The Report extensively reviews Ghana’s upstream and downstream petroleum sectors spanning policy, finance, infrastructure, and market activities in 2020 and 2021 The Report also highlights key developments and risks faced by the industry and provides recommendations for consideration by …
