Brent crude was down 26 cents, or 0.3%, to US$95.48 at 0815 GMT US West Texas Intermediate (WTI) inched up from Monday to US$89.19, up US$2.32 or 2.7% from Friday’s close
Government will be embarking on a roadshow in some major oil and gas countries to expose investors to the heavy potential of petrochemicals in Ghana’s shores.
The Dutch month ahead wholesale gas price, a benchmark for Europe, was up as much as 26% on Monday, before falling back slightly.
The Ghana Journalists Association (GJA) and the Public Interest and
Accountability Committee, PIAC have rekindled their commitment
“Three decades from now the vast majority of energy will come from hydrocarbons.” This prediction was made earlier this week by Chris Wright, chief executive of Liberty Energy, the second-largest fracking services provider in the U.S.
Despite sanctions and pledges to stop buying Russian crude, the country’s oil output has continued to exceed expectations.
The upstream petroleum industry awarded contracts worth US$3.6billion to indigenous companies over the last three years, thereby deepening the local content policy.
“The European energy sector right now is cracking at the seams. Without the contribution of UK oil and gas resources, that crack would be a gaping hole,” said OEUK Sustainability Director Mike Tholen.
Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rates hikes from central banks may lead to a global economic slowdown and soften fuel demand.
Tesla CEO and world’s richest person Elon Musk on Monday backed additional efforts to drill for natural gas and oil in the short term, in line with his recent change in tune on the use of non-renewable sources like fossil fuels and nuclear energy.