ALL POSTS FILED UNDER: OIL PRICE
World Bank projects oil price of $44 in 2021
Add a CommentThe World Bank is projecting a lower demand for oil next year, as the global economy recover from the impact of covid-19. It is also forecasting an average of $44 per barrel of oil price for next year, up from … Read more →
Oil price hits two-month high at $53
Add a CommentOil climbed towards $53 a barrel on Tuesday, reaching a two-month high, supported by signs that a persistent supply glut is starting to ease amid strong demand and OPEC-led production curbs. U.S. inventory reports due on Tuesday and Wednesday are … Read more →
Oil prices remain steady at $49.68 per barrel
Add a CommentOil prices held steady on Thursday, hanging on to gains made the previous session when falling U.S. crude inventories lifted the market, as analysts offered mixed supply outlooks for the commodity ahead of a key OPEC meeting next week. Crude … Read more →
Oil price falls but gov’t refuses to reduce price
Add a CommentGovernment is still reluctant to reduce the prices of petroleum products despite the drastic reduction in the price of crude oil on the world market. To add salt to injury, it has also imposed a 17.5 percent special petroleum tax … Read more →
(Selorm) | 
(Nana Kwesi)