Tag: Crude Oil

Russia’s production drilling activity has reached record highs...

“We agreed to work with the Kingdom to enhance the stability of global oil markets and to balance global energy market dynamics..."

At the time of writing, Brent crude was trading at $70.60 per barrel, while West Texas Intermediate (WTI) stood at $67.26 per barrel.  

The newly constituted 11-member board, announced on April 2, 2025, includes Engineer Bashir Bayo Ojulari as the new GCEO and Ahmadu Musa Kida as the non-executive chairman.

“Expectations of progress in peace negotiations between Russia and Ukraine and a potential easing of U.S. sanctions on Russian oil pressured prices lower.”

“As Ghana’s national oil company, our priorities include enhancing trading operations, ensuring long-term financing stability...

The Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly known as petrol, from N950 to N890 per litre.

Nigeria is poised to lobby the Organization of Petroleum Exporting Countries (OPEC) for a higher oil production quota as the country looks to rebound from years of declining crude output. ...

U.S. President Donald Trump has vowed to urge Saudi Arabia and the Organization of Petroleum Exporting Countries (OPEC) to lower global oil prices, arguing that this move would bring an ...

The Civil Society Organizations (CSO) Alliance has called for transformative policy reforms to strengthen governance and align Ghana’s extractive and energy sectors with global sustainability goals. Speaking at a press ...