OPEC+ Moves to Restore 2.2 million bpd Amid Weak Oil Prices
The decision, confirmed during OPEC+’s latest meeting, signals a shift in strategy amid concerns over weak oil prices and slowing global demand.
The decision, confirmed during OPEC+’s latest meeting, signals a shift in strategy amid concerns over weak oil prices and slowing global demand.
According to PIAC, the revenue boost was driven primarily by stronger international crude oil prices
However, the decision has sent oil prices tumbling, exacerbating fears of a potential recession fueled by ongoing trade disputes.
Market analysts suggest that while factors such as refinery maintenance and geopolitical developments continue...
A new market analysis by Canada-based investment firm Harbourfront Wealth highlights growing volatility in global crude oil markets as geopolitical tensions, trade policies, and monetary decisions shape market sentiment. The ...
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The Bank of Ghana has expressed optimism that both Food and Non-Food prices will remain low in the coming months as the economy recovers. The low price expectations, according to ...
The price jump from the cost at which petroleum products are imported into the country by Bulk oil Distributing Companies (BDCs) and the price at which Oil Marketing Companies (OMCs) ...
The Association of Oil Marketing Companies has revealed that the current fuel prices at the market are not a reaction to proposed tax by the government. In a statement release, ...
Government is assuring that it will ensure the Petroleum Development Hub Corporation will be operational this year. In the 2021 financial budget presented on behalf of the Finance Minister by ...