“The oil market looks to be broadly balanced in 2019, an improvement on 2018 which turned out oversupplied,” Morgan Stanley analysts Martijn Rats and Amy Sergeant wrote in a note. “This supports a partial oil price recovery.” The investment bank says that the plunge in oil prices has “overshot,” with the selloff having been magnified […]
There Is Still Room To Run For Oil Prices Read More »
Goldman Sachs reduced its outlook for oil prices this year citing abundant supply, Bloomberg reports, quoting a note to clients. The investment bank’s analysts now expect Brent crude to average US$62.50 a barrel this year, down from an earlier projection of US$70 a barrel. West Texas Intermediate, according to Goldman Sachs, will average US$55.50 a barrel,
Why Goldman Just Drastically Slashed Its Oil Price Prediction Read More »
Natural gas prices have fallen sharply after spiking to multi-year highs in late 2018, and prices could fall further still. The U.S. entered the peak winter demand season with gas inventories at a 15-year low, which left the natural gas markets vulnerable to unexpected bouts of cold weather. In November, Henry Hub natural gas prices jumped as
The Natural Gas Crash Isn’t Over Read More »
Crude prices finished off the year with a small rally, and analysts are suggesting oil could climb even higher in the coming months. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) The most vital industry information will soon be right at your
Oil Prices Set To Rebound In 2019 Read More »
Saudi Arabia’s oil exports plummeted in the last month of 2018, reassuring oil markets that OPEC’s de facto leader may have enough fortitude to carry the water of the cartel in lowering global oil inventories. The Kingdom’s oil exports in December fell by 500,000 barrels per day in December, according to tanker tracker data compiled
Oil Prices Rise As Saudi Oil Exports Plummet Read More »
Minister for Planning says it is of great importance that Ghana expedites the processes needed to build its own gas pipelines. Prof. George Gyan-Baffour noted that such infrastructure will reduce Ghana’s dependence on the West African Gas Pipeline, which is currently used to transport gas from Nigeria to Ghana. His comments follow recent negotiations between
Prof Gyan-Baffuor Urges Govt to Develop its own Pipeline Read More »
Deputy Information Minister, Pius Enam Hadzide, has stated that Ghanaians should expect a reduction in fuel prices soon. According to him, the drop in inflation should influence the reduction in fuel prices and other consumer goods, to ease the burden on Ghanaians. Petrol is expected to see a 5.8% reduction, while diesel and LPG will
Fuel prices to go down further – Hadzide Read More »
Prices of fuel are expected to see a drop of between 2 and 4 percent. The Institute of Energy Security (IES), has predicted. Fuel prices went up in the last pricing window in the middle of October bringing a litre of both petrol and diesel to 5 cedis, 21 pesewas. Explaining the reasons behind the
Fuel prices to drop by 4 percent—IES Read More »
The Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi, has been honoured with the Osagyefo Young Leadership Award at the 2018 Ghana Energy Awards for his outstanding contributions towards the growth of Ghana’s oil and gas industry. The ceremony, which took place at the Movenpick Ambassador Hotel, saw many key industry players and
Senyo Hosi Given Osagyefo Young Leadership Award Read More »
The Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors Mr Senyo Hosi has been honoured with the Osagyefo Young Leadership Award at the 2018 Ghana Energy Awards held in Accra. Mr. Hosi was honoured for his outstanding efforts in the Petroleum Downstream sector. The Ghana Energy Awards is aimed at acknowledging innovation
Senyo Hosi honoured. Read More »
