Offshore investors have further reduced their participation in the local equities market amid the global shift toward tighter monetary policy stances to contain inflationary pressures
US President Joe Biden says he is prepared to “use all tools at his disposal” to get American oil producers to do more to lower the cost of oil
Ghana owns only 27,000 barrels, representing 18 per cent of the 150,000 barrels of crude oil produced in the country daily.
The European Commission has proposed a deal to accelerate natural gas imports from Egypt in a bid to reduce its reliance on Russian gas.
Wood has signed a 10-year master services agreement with Chevron for engineering and project-related services
The global oil market currently is characterised by the ongoing geopolitical tensions, post-pandemic challenges, supply chain issues and rising inflation, resulting in price hikes
The United States Department of Energy has put up 45 million barrels of oil for sale from the country’s strategic reserves as part of President Biden’s largest-ever plan
Brent crude futures for August were up 46 cents at US$121.63 a barrel as of 0642 GMT after falling to as low as US$120.65 earlier in the session
Prices of petroleum products are expected to witness one of the biggest jump in recent times, from Thursday, June 16, 2022
Drivers in northeast England are feeling the biggest crunch, while Londoners are using less of their wages than rest of the country.