The first consignment of petroleum products delivered under the Government’s Gold for Oil Policy can serve consumers between 10 to 15 days, the Bulk Oil Storage and Transportation Company
(BOST) has said.
China’s Panjin Haoye Chemical Co Ltd’s entire oil refinery and petrochemical complex was shut down after a huge explosion killed five people and left eight missing on Sunday, Reuters has reported.
The OPEC narrative for 2022 was largely about the realities of supply and demand against the backdrop of a post-pandemic war that sparked sanctions and a European energy crisis with the counterweight of a Chinese covid crisis.
Chevron has made a “significant” gas discovery offshore Egypt that is set to be fast-tracked to production via existing infrastructure.
So far, global net-zero ambitions have not been supported with an actual plan beyond setting expectations by a certain date and the world cannot solve its environmental and climate change problem without being realistic about the solution, according to Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy.
Oil prices slipped on Monday but were holding near their highest levels this month as easing COVID restrictions in China raised hopes of a demand recovery in the world’s top crude importer.
Energy Minister, Dr. Matthew Opoku Prempeh is leading an energy sector delegation at the 13th session of the International Renewable Energy Agency (IRENA) in Abu Dhabi, UAE.
Crude oil began the week with a decline as traders took profits from last week’s rally and settled down to wait for market forecasts due this week by OPEC and the International Energy Agency.
The first consignment of oil under the governments gold for oil policy, which seeks to stem the depreciation of the cedi against major trading currencies, has arrived at Tema Port and discharged into the receptacles of Bulk Oil Storage and Transportation Company (BOST).
Oil prices dipped on Monday, but optimism that China’s reopening from COVID restrictions will lift fuel demand in the world’s top crude importer kept prices near 2023 highs, reached after a surge in prices last week.