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Oil prices fell on Monday to their lowest in more than a year, dragged down by worries about lower demand in top crude importer China after a new coronavirus outbreak spread from there to about 20 other countries. Brent crude was at $56.26 a barrel by 9.26 am GMT, down 36 US cents. Prices dropped […]

Mr. Henry Yaw Osei is the first Ghanaian Group Managing Director Of Puma Energy Distribution Ghana Limited and Blue Ocean Investments Limited under the UBI Group of Companies. Following his experience in the energy sector, Henry has held managerial positions in sales, operations, business development and commerce in other companies before joining Puma Energy in

The CEO of the Chamber of Bulk Oil Distributors Senyo Hosi is billed to speak at The Alm Africa Dialogue slated for the 21st of January 2020 at the Royal Geographical Society in London. The President of Uganda Yoweri Museveni is headlining the event as the Keynote speaker. The theme for the event is, “Harnessing

The Ministry of Energy has announced that the West African Gas Pipeline Company Limited (WAPCo), which operates the West African Gas Pipeline (WAGP), will today shut down its offshore pipeline from Nigeria to Ghana for two months. The shutdown is to make way for a clean-up and inspection exercise of the offshore pipeline between the

Prices of fuel have seen a slight increment of about 9 Ghana Pesewas at the various fuel stations. The increase in price has been met with mixed reactions from some commercial drivers as they lamented that the high price of the commodity is unbearable. While some were ready to pass the burden to the consumer,

In preparing for MARPOL 2020, Ghana’s Ministry of Energy (MoE) constituted a committee of key stakeholders in 2018 to review the implications of the new IMO rule. The committee comprised of National Petroleum Authority (NPA), Ghana Maritime Authority (GMA), Ghana Ports & Harbours Authority (GPHA), Association of Oil Marketing Companies (AOMCs), Environmental Protection Authority (EPA),

The Institute for Energy Security (IES) is predicting oil marketing companies will likely increase the prices of their petroleum products to make up for the marginal price movement of crude oil on the international market. “Taking into consideration the two percent increment in prices of Crude oil, coupled with the 0.95 percent and 1.01 percent

The Vice President Dr. Mahamadu Bawumiah has inaugurated a state-of-the-art Command Centre for the National Petroleum Authority’s Bulk Road and Electronic Cargo Tracking Systems to control and monitor the distribution of petroleum products across the country. This technology will also help curb illicit activities in the petroleum downstream industry. According to the NPA, the dominant

Despite a 9 percent decrease, Urals spot prices in Northwest Europe were still one and a half times higher in 2019 than in 2016 ($63.3 versus $41.1 per barrel, according to Refinitiv), when the first OPEC + agreement was signed. As a result, the Russian budget again, as in 2017-2018, received additional income, which reached

The Chamber of Petroleum Consumers (COPEC) has called on the government to take immediate steps to hedge the purchase of crude oil from the international market. It says it will enable the country avoid paying more for the product in the coming days. Oil hedging is used to reduce or eliminate a company or country’s