Ghana to ditch crude in power generation with second gas train – Mahama
Ghana is seeking to phase out the use of crude oil in its power generation mix over the medium term, ...
Tag: Crude oil
Crude oil prices projected to fall further in 2025
The price of crude oil is projected to average $64 per barrel in 2025, according to the World Bank’s April ...
Ghana’s oil production falls for fifth consecutive year – PIAC Report
Ghana’s crude oil production has declined for the fifth consecutive year, dropping from a peak of 71.44 million barrels in ...
Ghana earns $517m in crude oil revenue in second half of 2024
Ghana generated $517 million in crude oil revenues during the second half of 2024. This is according to the Bank ...
Calls for scraping of some fuel taxes in the right direction – Atta Akyea
The Chairman of the Mines and Energy Committee of Parliament, Samuel Atta Akyea, says calls for the removal of some ...
The economic ramifications of the conflict between Russia and Ukraine [Article]
The ongoing Russian-Ukrainian conflict has occurred at a time when global economies are recovering from the deadly COVID-19 pandemic which ...
IES predicts 5 to 8 percent drop in fuel prices today
The Institute of Energy Security (IES) has predicted about 5 to 8 percent drop in the prices of fuel at ...
Decline in global crude oil prices: Government’s projected revenue to reduce by 50% – IES
The Institute of Energy Security (IES) wants consumers to be measured in their expectations ahead of the reduction in fuel ...
Saudi oil attacks: US says intelligence shows Iran involved
The United States has issued satellite images and cited intelligence to back its claim that Iran was behind attacks on ...
Oil prices drop after IMF’s review of global economic growth
Oil prices fell on Tuesday following the IMF’s downward review of the global economic growth forecasts. Reuters however reports that ...
Discounted crude oil sales justified; Finance Ministry erred – GNPC
The Ghana National Petroleum Corporation (GNPC), has defended its transactions which the Finance Ministry flagged as having cost the state ...
Ofori-Atta questions GNPC boss over $34m oil revenue loss
The Minister for Finance, Ken Ofori-Atta, has asked the Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Dr. ...
Agyarko to blame for TOR’s anticipated shutdown – Minority
The Minority in Parliament has blamed the Energy Minister Boakye Agyarko, for the anticipated temporary shutdown of Tema Oil Refinery ...
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