The Institute for Energy Security (IES) is predicting a sharp increase in fuel prices in December 2020.
According to the IES, the increase is due to a 11.5% increase in prices of International Benchmark- Brent crude, the 6.94% increase in prices of Gasoline, 7.26% increase in Gasoline prices and the...
The presentation focused on the global energy transition and the role of renewable energy within this transition and also opened the platform for a collaborative and informative panel discussion. The current trajectory suggests that renewables are displacing the use of fossil fuel in energy generation partly due to climate...
The Public Interest and Accountability Committee (PIAC), has published its Semi-annual Report on the management and use of petroleum revenues for the first half of 2020.
The report is being released two months later than the statutory reporting date of 15th September. This is largely due to the Covid-19 pandemic,...
Crude oil prices tumbled on Monday, as investors waited for a decision by producer group OPEC+ whether to extend large output cuts to balance global markets, but vaccine hopes helped keep benchmarks on track to rise more than a fifth in November.
January Brent crude futures, which will expire later...
Last week BloombergNEF (BNEF) published a new report that quantifies the impact of the COVID-19 pandemic on U.S. carbon dioxide emissions.
The report estimates that 2020 emissions will be 9.2 percent lower than in 2019, reaching a level last seen in 1983. At that time, BNEF notes, the economy was 60percent smaller...
As ministry refuses to provide ABFA data
The Public Interest and Accountability Committee (PIAC) has urged Parliament to force the Ministry of Finance to account for the use of the country’s petroleum revenues.
This follows the ministry’s refusal to provide half-year data on Annual Budget Funding Amount (ABFA) - the...
More refineries in Europe are at risk of permanent closures, with fuel demand on the continent falling again as major economies re-imposed lockdowns to fight the spike in coronavirus cases.
Gasoline demand in Europe is expected to be between 15 and 20 percent lower in November and December compared to...
Kwame Awuah-Darko, the former Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST) took to the airwaves recently to set the records straight.
In interviews with media houses, especially in response to a question posed by a host on a local radio station in Kumasi, Ashanti Region,...
Despite a tough year for the oil and gas industry, wherein the ongoing pandemic took its toll on the supply chains and prices of commodities, distinguished players were recognised and honoured for their contributions to the energy sector at the 2020 edition of the Ghana Oil and Gas Awards...
GOIL Company Limited won big at the 7th Ghana Oil and Gas Awards ceremony held in Accra, securing three awards.
Apart from grabbing the coveted Oil Marketing Company of the Year award for the third consecutive year, GOIL Burma Camp Service Station was awarded the ‘Petroleum Retailer/Dealer of the Year’...