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Refined Products Review and Outlook Global crude prices rose significantly in the month of July largely due to supply tightness owing to OPEC+ production cuts and renewed optimism over Chinese demand and global growth. High inflation and interest rates in the US and  Europe and the weak economic indicators from economies like the US, EU, […]

Refined Products Price Review and Outlook The international market prices of finished petroleum products in the 27th June to 11th July 2023 pricing window, which are the premiums used in pricing petroleum products from 16th to 31st July 2023, changed marginally compared to the previous selling window. Crude oil prices on the world market within

Refined Products Price Review and Outlook The international market prices of finished petroleum products in the 12th to 26th June 2023 pricing window, which are the premiums used in pricing petroleum products from 1st to 15th July 2023, changed marginally compared to the previous selling window. Crude oil prices at the world market declined by

  The management and staff of the Ghana Chamber of Bulk Distributors (CBOD) have planted 1,100 trees in the Chirapa Forest Reserve in Agomeda in the Greater Accra Region as part of the Green Ghana initiative. The chief executive of CBOD, Dr. Patrick Ofori, says the chamber is in full support of the initiative and

Refined Products Price Review and Outlook Global crude oil and refinery product prices continue to tumble due to uncertainties regarding the global economic outlook and unprecedented high inflation rates in the US and Europe. Although global crude prices rose slightly in April due to the surprise announcement by some OPEC+ nations to voluntarily cut production

The Ghana Chamber of Bulk Oil Distributors (CBOD) has asked the Government to enhance measures to stabilise the cedi to ensure reduced fuel prices for Ghanaians. According to the Chamber, a strong cedi is critical to affordable petrol and diesel prices, which would also support business growth and cushion the public from the associated hikes

The Ghana Chamber of Bulk Oil Distributors (CBOD) has called on government to create an enabling environment that would ensure bulk distribution companies compete fairly in the gold for oil (G4O) programme. According to Chamber, the Bank of Ghana (BoG) underwriting the risks associated with commercial activities of the Bulk Oil Storage and Transportation company

The Ghana Chamber of Bulk Oil Distributors (CBOD) is not in any way opposed to the government’s gold-for-oil (G4O) programme, according to Chief Executive Officer, Dr Patrick Ofori. The Chamber is also not against the involvement of the Bulk Oil Storage and Transportation Company (BOST) in managing strategic petroleum stocks within the downstream petroleum sector,

The 2020/21 Ghana Petroleum Industry Report is an amalgamation of the 2020 and 2021 Industry reports. The Report extensively reviews Ghana’s upstream and downstream petroleum sectors spanning policy, finance, infrastructure, and market activities in 2020 and 2021 The Report also highlights key developments and risks faced by the industry and provides recommendations for consideration by

The Liquefied Petroleum Gas Marketers Association has renewed calls for the taxes on LPG to be scrapped. The taxes on LPG constitute about 13% percent of the pricing. Though the price of LPG has gone down by about 7%, the association believes the removal of taxes will reduce the cost of LPG drastically and increase