Citibank revised its demand growth outlook down by 1.4 million bpd to 2.2 million bpd y-o-y.
Tullow Oil will acquire Capricorn Energy in an all-stock deal worth 656.9 million pounds ($826.7 million)
U.S. West Texas Intermediate (WTI) crude settled up 1 cent, or 0.01%, at $110.29 a barrel, while Brent crude futures settled up 87 cents, or 0.7%, to at $113.42.
The Public Interest Accountability Committee (PIAC) has expressed satisfaction with some ongoing projects in the Western North and the North East Regions.
PIAC wants a timely assessment of Ghana’s management and use of petroleum revenues to identify areas of strength and weakness to strategise for the future
The Public Interest and Accountability Committee (PIAC) has cautioned the Ghana National Petroleum Corporation (GNPC) against continuously lending to the government.
European Union leaders agreed to pursue a ban on imports of most Russian oil
Brent crude for July, which expires on Tuesday, rose US$2.19, or 1.8%, to US$123.86 a barrel at 0650 GMT, after earlier rising to US$124.10 – its highest since 9 March
PIAC has expressed worry over the manner in which oil revenue is used to pay judgement debt awarded against the state.
As the MSGBC region gradually positions itself as a globally competitive gas economy, the MoU will be instrumental in accelerating the adoption and monetization of gas.