ALL POSTS FILED UNDER: OIL
Oil soars past $100 after Russia orders troops into Ukraine
Add a CommentOil prices have surged past $100 (£74) a barrel after Russian President Vladimir Putin launched a “special military operation” in the eastern Donbas region of Ukraine. The price of Brent crude hit $102.30 a barrel at one point, the highest … Read more →
Shell to cut up to 9,000 jobs as oil demand slumps
Add a CommentRoyal Dutch Shell has said it plans to cut 7,000 to 9,000 jobs as it responds to challenges including the slump in oil demand amid the Covid-19 pandemic. The oil giant said the cuts would be implemented by 2022 and … Read more →
Oil rises from 13-month low as new virus cases slow
Add a CommentOil rose to $54 a barrel on Tuesday, recovering from a 13-month low as the number of new coronavirus cases slowed in China, easing some concerns about lengthy destruction of oil demand. The death toll climbed above 1,000 on Tuesday, … Read more →
Oil: Govt settles US$806m forex debt losses
Add a CommentA TOTAL amount of US$806.25 million has been settled by government for Forex losses on oil incurred between 2011 and 2015, the Chamber of Bulk Oil Distributors (CBOD) has revealed in its 2019 Annual report. According to the report, there … Read more →
Oil: Ghana tops in sub-Saharan Africa
Add a CommentGHANA was ranked number one in sub Saharan Africa in terms of risks versus rewards in the oil and gas industry, the Industry Risk/Reward Index – Upstream Oil & Gas report has revealed. The country also placed 17th globally and … Read more →
Oil to still end year at $57 – Fitch
Add a CommentBMI, the research outfit of Fitch Ratings is maintaining its earlier forecast that the price of Brent crude oil will end the year at US$57.0 per barrel on the average. This is against the current price of US$46.51 per barrel … Read more →
Oil: Ghana risks $13 billion loss
Add a Comment-If price remains well below $50 for 20yrs GHANA is set to lose a whopping $13billion in oil revenues if the price of the commodity drops and remains below $50 for the next two decades, a report by the World … Read more →
Oil to end year at $57 – Forecast
Add a CommentALL things being equal, fuel prices will not travel beyond 15 percent increase in 2017, some industry analysts anticipate. This is largely due to a forecast that the price of oil will end the year at US$57.0 per barrel on … Read more →
Oil hits $40, raises govt hopes
Add a CommentGovernment could profit from oil rebound by the third quarter of this year following the commodity price hitting over $40 as at Tuesday March 7, 2016. Ghana Government’s budget has been battered severely by low oil prices from mid last … Read more →
Gov’t received $934m from oil in 2014
Add a CommentGovernment has received 934 million dollars as revenue from the oil sector for 2014. The amount is 134 million more than what it secured in 2013. This came in the form of taxes from crude oil exported by Ghana as well as … Read more →
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(Nana Kwesi)