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GOIL PLC is gearing up to enter the West African bitumen market by introducing innovative products, specifically polymer-modified bitumen (PMB) and bitumen emulsion, as part of the company’s ongoing diversification efforts. The company…

A founding member of the New Patriotic Party (NPP), Dr. Nyaho Nyaho-Tamakloe, has expressed worry about the abandonment of the party’s founding development-oriented principles. According to  Dr. Nyaho-Tamakloe, all the patriotic…

High-frequency real sector indicators showed a sustained turnaround in economic activity. According to the Bank of Ghana, the updated real Composite Index of Economic Activity (CIEA) contracted at a slower pace by 2.8% year-on-year in…

The Bank of Ghana has up to date purchased gold worth about $700 million in reserves as part of its ‘Gold Purchasing Programme’. According to the Governor of the Bank of Ghana, Dr. Ernest Addison, the domestic ‘Gold Purchasing Programme’…

Crude prices will likely get a fresh boost this week, as stockpiles at the key US storage hub in Cushing, Oklahoma, risk collapsing to the lowest level (aka "tank-bottoms") in almost a decade. Such a move would embolden those aiming for…

Despite the fact that U.S. oil producers are now deploying the lowest number of drilling rigs in more than a year and a half, America's crude oil production is set to hit a monthly record in September—at 13 million barrels per day (bpd),…

Oil prices are under pressure as the U.S. dollar continues to strengthen and fears of a higher-for-longer interest rate weight on demand expectations. Chart of the Week - In its latest 2023 Net Zero…

Since 25 March, hundreds of thousands of barrels per day of oil flows crucial to the semi-autonomous Kurdistan region of Iraq (KRI) and important to the oil sector as a whole have been prevented from being exported to Turkey on the basis…

The Deputy Minister of Finance and the Member of Parliament(MP) for Atiwa East, Abena Osei-Asare, has distanced herself from Alan Kwadwo Kyerematen’s resignation from the New Patriotic Party (NPP). The deputy minister who supported Alan…

Last month, Reuters market analyst John Kemp warned that India’s slowing oil demand growth could act as a drag on oil prices despite consumption recently hitting record highs. India’s oil sector recorded robust growth as consumption…