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Crude oil prices moved slightly lower today after the Energy Information Administration reported an inventory decline of 6 million barrels for the week to August 11. That change compared with a build of 5.9 million barrels for the…

Saudi Arabia’s crude oil exports dropped in June to the lowest level in 21 months, the latest data by the Joint Organizations Data Initiative (JODI) showed on Wednesday. The Kingdom, the world’s top crude oil exporter, shipped 6.80…

China is expected to import as much as 1.5 million barrels per day (bpd) of crude oil from Iran in August, the highest since 2013, per estimates from data intelligence firm Kpler cited by Bloomberg. During the period January to July…

Developments on the macro-economic front is seriously posing a huge threat to the government’s debt restructuring programme as interest rates on treasury bills reach the 30 per cent mark after falling to 19 per cent at the beginning of this…

Nigeria’s President Bola Tinubu has assured the citizens that the current price of petrol will remain the same as there is “no plan to increase the prices of fuel at this time”. This follows the warning by some oil marketers that the…

Findings from the Ghana 2022 Trade Vulnerability Report indicate that four countries (Switzerland, China, Canada, and South Africa) accounted for over half of all exports from Ghana. Six countries (China, UK, Netherlands, USA, India, and…

The Ghana Extractive Industries Transparency Initiative (GHEITI) has made a strong case for the Ghana National Petroleum Corporation (GNPC) to be listed on the Ghana Stock Exchange (GSE). It said listing the state-owned oil company on…

The country remains very susceptible to external economic shocks due to its heavy reliance on exporting raw minerals and limited trading partners, says a report by the Ghana Statistical Service (GSS). Titled the ‘Ghana 2022 Trade…

Some Oil Marketing Companies(OMCs) have started increasing the prices of petroleum products at the pumps in the second pricing window of the month which started today, August 16, 2023. A market leader like TotalEnergies has increased the…

Value Added Tax (VAT) collections have seen significant growth of more than 90% year-on-year over that of 2022 so far in 2023.  According to data from the Ghana Revenue Authority (GRA), this was due to measures including its enforcement…