News

Crude Oil and Refined Products Market Review and Outlook  Crude prices on the international market have since the second window of February witnessed a sustained downward trajectory . This is largely attributed to the uncertainties in the global economy introduced by the US imposition of tariffs on some of its trade partners. According to CITAC […]

Crude Oil and Refined Products Market Review and Outlook  Although the first quarter of 2025 saw an average increase of 1.38% in global oil prices, recent weeks have seen a sharp decline due to global uncertainties driven by the ongoing tariff war between the US and China. The uncertainty in the US/China tariff trade talks

Crude Oil and Refined Products Market Review and Outlook  Global crude prices rose by an average of 1.38% in the first quarter of 2025 but have fallen significantly in recent weeks due to the global uncertainties arising from the current tariff war between the US and China. Crude prices peaked in February, with Brent spot

Crude Oil and Refined Products Market Review and Outlook Global crude prices rose by an average of about 1.38% in the first quarter of 2025 compared to the last quarter of 2024. Prices reached their highest point in February, with Brent spot prices soaring as high as $83 per barrel. CITAC Africa attributed this rise

The Chamber paid a courtesy call on the Commissioner General (CG) of the Ghana Revenue Authority (GRA), Mr. Anthony K. Sarpong, on March 14, 2025, at the GRA Head Office. The meeting was an opportunity to congratulate him on his new role and reaffirm the Chamber’s commitment to collaborating with the GRA to address key

The inaugural Downstream Women’s Summit 2025, organised by the Ghana Chamber of Bulk Oil Distributors (CBOD) and National Petroleum Authority (NPA), was held on Friday, 14th March 2025, at the National Petroleum Authority in Accra. The summit was an inspiring and transformative event dedicated to empowering women in the downstream petroleum sector. The summit brought together

The Ghana Chamber of Bulk Oil Distributors (CBOD) welcomes Yaw Koduah Sarpong as its new Board Chairman, succeeding Ivy Apea Owusu, whose tenure has been marked by outstanding leadership and industry advancements. Yaw, a seasoned professional with over 20 years of experience in the Oil and Gas sector, brings a wealth of expertise in Accounting,

The Chamber of Bulk Oil Distributors (CBOD) is pleased to introduce its newly elected Board, comprising distinguished leaders dedicated to advancing Ghana’s petroleum downstream sector. The new Board will provide strategic direction, foster industry growth, and champion policies that ensure efficiency, transparency, and sustainability. Meet the CBOD Board Members: Emmanuel Akakpo – Cirrus Oil Services

Over the past four years, fuel prices in Ghana have undergone a dramatic surge, affecting households, businesses, and the overall economy. Pump prices for petrol and diesel have risen sharply, with petrol increasing by approximately 150% and diesel by nearly 200% from 2020 to 2024. In 2020, petrol and diesel pump prices averaged below GHS5/Ltr.

The 2023 Petroleum Industry Report outlines significant progress and persistent challenges in Ghana’s oil and gas sector. As the global energy landscape shifts, Ghana’s petroleum industry has embraced both opportunities and hurdles, seeking to solidify its position in the region. Over the past year, Ghana has made strides in production optimisation and revenue generation. Efforts