China imported 12.38 million barrels of crude oil daily last month, which was a 4.88% increase on the year and the highest import rate since August 2023, Reuters reported, citing government data.
* In February 2025, the new Minister of Energy announced Ghana’s withdrawal of the forced unitisation directive between ENI’s Sankofa field and Springfield’s Afina discovery. * IMANI was full of praise for the Minister because the forced unitisation order first issued in April 2020 was plainly absurd. It sought to compel Eni and Vitol to […]
Brent crude rose to 63.34 dollars per barrel on November 24, 2025, up 1.25 percent from the previous day, though the benchmark remained near month-long lows as diplomatic efforts to end the Russia-Ukraine conflict triggered concerns about potential oil supply increases. The modest daily gain followed a week when Brent logged its biggest decline since […]
Oil prices recovered slightly in early Asian trading on Wednesday after falling to one-month lows in Tuesday’s session. Sentiment in markets remains bearish, with traders focused on a potential peace deal between Ukraine and Russia.
Oil prices took a breather after last week’s decline as investors weigh the chances of a US rate cut and a possible peace deal between Russia and Ukraine. Brent and WTI crude futures hit their lowest levels since October 21. Oil prices took a breather on Monday after falling about 3% last week, as investors […]
NEW DELHI :Oil prices took a breather on Monday after last week’s fall of about 3 per cent, as investors weighed the chances for a U.S. rate cut against the prospect of a Russia-Ukraine deal that could free up more Russian supply through an easing of sanctions. The United States and Ukraine were set to […]
Oil prices steadied on Wednesday after a sharp 4% slide the day before, with Brent trading near $63.08 and WTI around $58.80 at 11:01 a.m. ET, as traders reassessed the latest OPEC shift toward a more balanced 2026 market outlook. The passage of the U.S. funding deal that ended the government shutdown removed one macro problem, but crude remained focused on supply signals rather than broader risk sentiment.
The Minister for Finance, Dr Cassiel Ato Forson, has presented the 2026 Budget Statement and Economic Policy with a candid assessment of the nation’s petroleum sector, highlighting a significant slump in 2025 and outlining an ambitious reform to ensure oil wealth benefits domestic development
Nigeria is redefining its oil and gas sector with bold reforms aimed at boosting transparency, competitiveness, and long-term sustainability, according to the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe.
Acting Chief Executive Officer-Petroleum Commission Victoria Emeafa Hardcastle has announced that the Ghana National Petroleum Corporation (GNPC) will drill two exploratory wells in the Voltaian Basin by third-quarter next year.