Mohammed bin Salman said failure to act could embolden Iran and lead to war, which he said would ruin the global economy, following an attack on oil facilities which he blames on Tehran. Iran said the prince’s remarks would “bring [the Saudis] nothing but shame”. The prince also said he accepted some responsibility for journalist […]
Saudi crown prince warns of ‘Iran threat’ to global oil Read More »
The fight against the illicit trade of refined petroleum products is yielding results, with the latest report on the activities in the downstream petroleum subsector showing that the country saved nearly GH¢1 billion, which would have otherwise been lost through smuggling of the products. The report showed that GH¢952 million was saved from blocking the
GH¢1bn Saved From Fuel Smuggling In 2018 — CBOD Report Read More »
The Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors (CBOD) Senyo Hosi has bemoaned the culture of lateness in the country. He said the canker which has become an acceptable norm in our societal life has set the country in a fast retrogressive manner towards productivity. Senyo Hosi indicated that time has
Let’s Start Scoring Time In Schools, Workplaces To Increase Productivity ― Senyo Hosi Read More »
The Economist Intelligent Unit (EIU) says there will be hardly any room for the Bank of Ghana (BoG) to cut its policy rate, as inflation is further expected to inch up in the coming months. According to its Country Report for September 2019, due to factors such as depreciation of the cedi, slow pace of
No chance for policy rate cut – EIU predicts Read More »
The Institute of Energy Security (IES) has predicted a further increase in petroleum prices in the coming days. This prediction follows attacks on critical oil facilities in Saudi Arabia over the weekend. According to the IES, the situation is likely to cause a shortage of oil on the world market, thereby leading to a hike
Fuel Prices To Go High Again – IES predicts Read More »
The International Maritime Organization, IMO says it will enforce a new 0.5% global Sulphur Cap on fuel content from 1st January, 2020. According to the IMO, Sulphur in gasoline impairs the effectiveness of emission control systems and contributes to air pollution hence the enforcement of the new 0.5% global Sulphur Cap on fuel content will
IMO To Enforce New Global Regulation On Sulphur Cap In 2020 Read More »
The General Transport, Petroleum and Chemical Workers Union (GTPCWU), want a reduction in the price of fuel to help ease the cost of living of Ghanaian workers. According to the national secretariat of the union in a statement issued recently, the frequent unannounced fuel price hikes were dealing hefty blows to the pockets of workers, whose salaries
Petroleum Workers Want Fuel Prices Reduced Read More »
Below is the speech given by Mr Senyo Hosi, the CEO of the Ghana Chamber of Bulk Oil Distributors at the 2019 AGM. Madam Chair, august members and owners of the Chamber, it is with much honour that I present my fifth address at the fifth AGM of our Chamber as its CEO. I have
A speech by Senyo Hosi Read More »
Below is the speech given by Mrs Ivy Apea Owusu, board chairman of the Ghana Chamber of Bulk Oil Distributors (CBOD) at the 2019 AGM. Fellow members, you are welcome to the fifth (5th) Annual General Meeting of our Chamber. It has been five (5) strong years of cooperating together to shape and drive the
A speech by Ivy Apea Owusu Read More »
OPEC is under intensifying pressure to show it still has the power to reverse a slide in oil prices, according to RBC Capital Market’s Helima Croft. The Middle East-dominated producer group has struggled to shore up crude futures this year, amid a deteriorating outlook for global growth and a protracted trade dispute between the U.S.
OPEC struggling to prove it can still arrest oil price declines Read More »
