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In response to the IEA’s warning made on Wednesday that OPEC should be careful not to cut too much production lest they jack up prices too high, the Organization of the Petroleum Exporting Countries (OPEC) issued a warning of its own to the…

China’s giant state-owned oil corporations saw their first-quarter profits fall from the same period a year ago as a decline in international oil prices squeezed profit margins. China Petroleum & Chemical Corporation, or Sinopec, the…

The Superior refinery is restarting five years after a massive explosion wounded dozens at Wisconsin's only such facility, with product sales expected to begin this quarter.   The restart will accomplish a rare task—increasing refinery…

Calgary-based Suncor Energy will acquire French TotalEnergies’ Canadian operations in a US$4.1-billion deal for the oilsands patch.  For US$4.1 billion in cash and another potential $450 million under a conditional arrangement, Suncor…

Sub-Saharan African countries are facing a funding squeeze due to persistent global inflation and tighter monetary policies, resulting in higher borrowing costs and pressure on exchange rates. The interest burden on public debt is…

The Managing Director of the state-owned Bulk Oil Storage and Transportation Company, Edwin Provencal, has confirmed that some private bulk distribution companies (BDCs) have been importing petroleum products at rates cheaper than imports…

The Ghana Association of Banks (GAB) has stated that banks in the country are in good standing with their financial position despite losses incurred by the lenders due to the Domestic Debt Exchange Programme (DDEP). A recent assessment…

Rating agency, Fitch, says it will assign Ghana a better rating if it receives satisfactory confirmation that the country has settled all the missed payments of its bonds. According to the UK based firm, it will assign Ghana’s Long-Term…

Cement prices are expected to drop soon as local manufacturers push to replace clinker, a vital ingredient in the product’s manufacture, with a locally made substitute. Manufacturers have submitted proposals to the Ghana Standards…

Private equity (PE) and venture capital (VC) funds are set to invest at least US$30million in small and medium-scale enterprises (SMEs) during 2023, according to Board Chair of the Ghana Venture Capital and Private Equity Association,…