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Oil rose to $54 a barrel on Tuesday, recovering from a 13-month low as the number of new coronavirus cases slowed in China, easing some concerns about lengthy destruction of oil demand. The death toll climbed above 1,000 on Tuesday, while the number of new confirmed cases fell. The epidemic could peak in February and […]

The Ghana Chamber of Bulk Oil Distributors (CBOD) wishes to announce that Government on the 13th of January 2020 finalised all payments in respect of the BDC legacy debts accrued over the period July 2011 to June 2015 plus interest capped at March 2018. The payments were executed in the form of ESLA Bonds to

In order to avoid the impact of revenue shortfalls from the oil and gas sector often due to price volatility on the international market, the Africa Centre for Energy Policy (ACEP), has asked the  government to secure at least a 40 per cent projected revenue in the Stabilisation Fund. According to a report on petroleum

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