The Executive Director of the International Energy Agency (IEA), Fatih Birol, has warned that Europe may have just six weeks of jet fuel remaining as the airline industry grapples with supply disruptions caused by the Middle East conflict. Birol cautioned that flight cancellations could begin “soon” if oil supplies continue to be blocked due to...
Day: April 17, 2026
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Explorco Revenue Gap: Mandate Quarterly Sovereign Petroleum Disclosure – Energy Chamber to Gov’t
Energy Chamber of Ghana has called for the immediate implementation of mandatory quarterly sovereign petroleum transfer disclosure reports to address a staggering US$561.65 million revenue gap linked to GNPC’s subsidiary, Explorco. This demand comes in response to findings that indicate a significant portion of petroleum revenues failed to reach the Petroleum Holding Fund (PHF), signaling...
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Fuel price cuts won’t translate instantly – ACEP boss explains why
Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye, has cautioned that recent interventions to stabilise fuel prices will not immediately translate into relief for consumers. Speaking on PM Express Business Edition on Joy News Thursday, on the sidelines of the IMF Spring Meetings in Washington DC, he said the impact of...
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Renewed Staff Confidence Driving TOR’s Turnaround – Managing Director
A critical pillar of the turnaround at the Tema Oil Refinery (TOR) is not only infrastructure rehabilitation but a deliberate effort to rebuild workforce confidence and reshape institutional culture. Managing Director, Edmund Kombat disclosed this during a visit by members of the Africa Extractives Media Fellowship (AEMF), who toured the facility recently under the auspices...
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Oil production decline poses long-term threat to fiscal stability
By Kizito CUDJOE The country’s steady decline in oil production is emerging as a long-term threat to fiscal stability, eroding a once-reliable revenue stream and exposing the budget to heightened volatility at a time of tightening economic conditions, a resource governance expert has cautioned. With crude output falling consistently after peaking in 2019 and petroleum...