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Bearish sentiment has continued to build in oil markets this week despite OPEC boosting its outlook for Chinese demand and the Biden administration hinting that they may soon refill the SPR. Friday, May…

Low demand for natural gas has sent Europe’s benchmark gas prices towards a sixth consecutive weekly loss—the longest run of weekly losses since 2020.  The front-month futures at the TTF hub, the benchmark for Europe’s gas trading, fell…

Houston is attracting crude flows via pipelines again as record-high U.S. oil exports have resulted in a surge in pipeline utilization to the top-exporting hub of Corpus Christi, analysts told Reuters. Crude oil production in the top…

While the Iraqi oil minister has said that 450,000 barrels per day of shut-in oil exports from Iraqi Kurdistan would restart exports on Saturday, Kurdish and Turkish officials both said on Friday that it is unlikely the pipeline would be…

Elon Musk has named a new chief executive of Twitter, just over six months after his controversial takeover of the social media company. The billionaire said Linda Yaccarino, the former head of advertising at NBCUniversal,…

The International Monetary Fund warned Thursday May 11, 2023 of severe consequences if the US defaults on its debt, ahead of a rapidly-approaching deadline for the country to raise or suspend its borrowing limit. “Our assessment is that…

The Paris Club and China have agreed to provide the debt assurances needed to help Ghana secure a $3 billion International Monetary Fund(IMF) programme. Thus, they have asked all private creditors and other official bilateral creditors…

Jospong Group Of Companies and a sustainable off-highway vehicle electrification company, ZeroNox Inc, have signed a joint venture agreement to provide more electric vehicles in Ghana. The new retrofit electrification deal aims at…

The Chief Executive Officer of UMB Bank, Nana Benneh Dwemoh, has said the banking industry’s varying dynamics – especially in the post-COVID-19 era – are enabling banks to collaborate with emerging financial platforms, such as financial…

Amid the current economic crisis brought about by the COVID-19 pandemic and Domestic Debt Exchange Programme, one key solution for supporting growth of the private sector is resetting interest rates in the economy,  Managing…