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Hedge funds and other asset managers have never been more pessimistic about the outlook for petroleum prices, as signs multiply that the major industrial economies are losing momentum according to energy analyst John Kemp. Investors have…

Oil prices have fallen dramatically in recent weeks, but supply disruptions and optimism around a potential U.S. interest rate cut appear to have halted that downward momentum. - The marked shift in oil sentiment recently…

The European Union's Operation Aspides naval force began an urgent salvage operation to tow the burning oil tanker Sounion in the southern Red Sea to safety, with hopes of preventing an environmental disaster. "The salvage of the MV…

The Ghana Energy Awards Secretariat is pleased to announce the release of the shortlisted nominees for the 8th Ghana Energy Awards. This year's competition has seen an impressive surge of interest with over 170 submissions received…

China has reaffirmed its commitment to deepen bilateral cooperation with Ghana across various fields, including agriculture, fisheries, energy, mineral resources, and infrastructure. It also expressed readiness to strengthen the synergy…

Nigerian state oil firm NNPC Ltd on Monday increased the price of petrol by 11%, the second increase in two weeks and a day after it started purchasing the fuel from the giant Dangote oil refinery on the outskirts of Lagos. Nigeria…

The Acting Missions Director of the US Agency for International Development (USAID) Ghana, Grace Lang, has reiterated some challenges in the fruit sector that hinder the country’s fresh fruit export in the international market. According…

The Ghana cedi recorded some gains last week against the US dollar and the other major foreign currencies after weeks of sustained depreciation. This was buoyed by improved market liquidity. The recovery came amidst resurfacing…

The number of staff involved in fraudulent activities in banks and Specialized Deposit-Taking Institutions (SDIs) rose from 188 in 2022 to 274 in 2023, representing an increase of 46%, the Bank of Ghana (BoG) annual Fraud Report has…

Ghana has lost more than a third of its 2023/24 cocoa output to smuggling, a top official from the cocoa marketing board (Cocobod) told Reuters, as low local prices and payment delays push some farmers to sell to increasingly sophisticated…