Oil prices fell over 1% on Tuesday as OPEC+’s decision to pause output hikes in the first quarter next year along with weak manufacturing data and a stronger dollar weighed on the market. Brent crude futures fell 82 cents, or around 1.3%, to $64.07 a barrel by 0905 GMT. U.S. West Texas Intermediate crude was...
Author: Energy Crossroad (Energy Crossroad)
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Fuel price cuts reflect economic recovery – COPEC
The Chamber of Petroleum Consumers (COPEC) has lauded the latest round of fuel price reductions across the country, describing the development as a strong signal of improving economic fundamentals.In the first pricing window of November, leading Oil Marketing Company, Star Oil, slashed petrol prices to GH¢11.97 per litre and diesel to GH¢12.47 per litre one...
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Energy commission deepens engagement with stakeholders to strengthen energy sector
As part of its stakeholder engagement drive under the newly inaugurated Board, the Energy Commission held a high-level meeting with Chief Executives of Independent Power Producers (IPPs) at the NZEB in Accra on 29th October 2025 to enhance cooperation and address key industry concerns. The Board Chairman, Prof. John Gartchie Gatsi, reaffirmed the Commission’s commitment...
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COMAC Warns High LPG Taxes Could Fuel Deforestation Across West Africa
The Ghana Chamber of Oil Marketing Companies (COMAC) has cautioned that excessive taxes on Liquefied Petroleum Gas (LPG) are undermining efforts to promote clean energy and protect forests across West Africa. The Chamber says the growing tax burden is forcing millions of low-income households to revert to charcoal and firewood for cooking, accelerating deforestation and...
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West Africa needs cross-border LPG strategy to drive clean energy — COMAC Chairman
The Chamber of Oil Marketing Companies (COMAC) is calling for a regional approach to LPG supply and pricing to ensure that all West African countries benefit from emerging energy infrastructure, including Nigeria’s Dangote Refinery.Speaking at the just-ended OTL Africa Downstream Energy Week in Lagos, COMAC Chairman Gabriel Kumi said the success of the Dangote Refinery...
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IMF’s Ghana Rep. Describes IPPs Debt Restructuring as Crucial Reset for Energy Sector
The International Monetary Fund (IMF) has described Ghana’s renegotiation of legacy arrears owed to Independent Power Producers (IPPs) as a major turning point for the country’s energy sector, signalling renewed investor confidence and improved financial discipline. For years, Ghana’s power sector had been burdened by more than US$2.5 billion in arrears to IPPs, a situation...
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Fuel Prices Drop as OMCs Begin Implementing November Reductions
Some Oil Marketing Companies (OMCs) across Ghana have started reducing prices of petroleum products at the pumps, in line with earlier industry projections of a significant decline from November 1, 2025. Market leader Star Oil has adjusted its pump prices, selling a litre of petrol at GH¢11.59, down from GH¢12.77, while diesel now goes for...
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GNPC Reaffirms Commitment to Operatorship at Second Annual General Meeting
The Ghana National Petroleum Corporation (GNPC) has restated its commitment to achieving full operatorship as it continues to strengthen technical competence, institutional resilience, and financial sustainability. This assurance was given at the Corporation’s Second Annual General Meeting (AGM) held at the Marriott Hotel in Accra under the theme “Consolidating Our March Towards Operatorship”. The meeting...
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Dangote Refinery Hits 70 Million-Litre Daily Fuel Output Surpassing Nigeria’s Domestic Demand
The Dangote Petroleum Refinery has announced a major production milestone, hitting a combined daily output of 70 million litres of petrol and diesel – 45 million litres of petrol and 25 million litres of diesel, surpassing Nigeria’s domestic fuel demand. According to Group Chief Branding and Communications Officer, Anthony Chiejina, this achievement underscores its growing...
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Nigeria, Others to Lead Africa’s Upstream Sector Resurgence
Africa’s oil and gas sector is getting ready for a slow comeback in 2026, with Nigeria among the countries to lead the resurgence. This was revealed in a new report titled State of African Energy 2026 Outlook by the African Energy Chamber (AEC). The report says countries like Nigeria, Algeria, Libya, Egypt, and Angola are...