LONDON, July 14 (Reuters) – Oil prices steadied on Monday, holding close to their highest level in three weeks, as investors eyed further U.S. sanctions on Russia that may affect global supplies, while tariff uncertainty weighed.Brent crude futures rose 16 cents, or 0.2%, to $70.52 a barrel by 1326 GMT, while U.S. West Texas Intermediate...
Author: Energy Crossroad (Energy Crossroad)
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President Names New Governing Board for Ghana Investment Promotion Centre (GIPC)
Accra, Ghana – July 14, 2025 – In line with the GIPC Act and after consultations with the Council of State, President H.E. John Dramani Mahama has appointed a new 10-member Governing Board for the Ghana Investment Promotion Centre (GIPC) to guide its strategic direction and boost its role in fostering economic growth and investment...
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Forex stability offers relief to fuel sector – CBOD
By Joshua Worlasi AMLANU The country’s fuel import sector is seeing signs of stability following a significant improvement in foreign exchange (FX) supply and operational reforms, with Bulk Oil Distribution Companies (BDCs) reporting over US$1 billion in FX inflows in the first half of 2025 alone. The recent forex support stems from closer coordination between...
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Ghana Boosts Gas Supply Following Major ENI Infrastructure Upgrade
Ghana’s Ministry of Energy and Green Transition has announced a successful upgrade to ENI’s gas infrastructure, resulting in an increase in gas output from 245 million standard cubic feet per day (MMscfd) to 270 MMscfd. The Ministry hailed the development as a major step toward strengthening the country’s energy security and advancing its sustainable power...
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Transport Operators Reject GH₵1 Fuel Levy, Demand Immediate Suspension and Transparent Dialogue
The Coalition of Commercial Transport Operators, representing over 90% of commercial drivers nationwide, has strongly opposed the recently announced GH₵1 levy on every litre of fuel purchased. In a press statement, the Coalition described the levy as “retrogressive and insensitive,” criticising its implementation without proper consultation with key stakeholders in the transport sector. They argue...
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U.S. and Brazil Become Key Oil Suppliers to India
India has sharply increased its crude oil imports from the United States and Brazil in the first half of 2025, marking a strategic deepening of ties with non-OPEC suppliers amid heightened global volatility and supply risk recalibrations. According to new data from S&P Global Commodity Insights cited by Indian media outlets, US crude shipments to India...
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Major breakthrough brings world one step closer to achieving clean energy
We’re one step closer to a cleaner world. In a remarkable advancement, scientists have set a new record in nuclear fusion performance. The breakthrough was achieved at the Wendelstein 7-X reactor, an advanced fusion stellarator located in Germany. Scientists recorded the impressive high triple product — a key metric the number of particles, temperature and...
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EIA raises 2025 oil price forecast, lowers 2026 outlook amid global risks
In its July Short Term Energy Outlook, the agency increased its price forecast for West Texas Intermediate through the end of 2025 but has lowered that forecast into 2026. Driven by higher near-term prices in the aftermath of the Israel-Iran conflict, the EIA now forecasts WTI will average $66 in July, up from $59 last...
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Ghana’s Power Utility Launches Nationwide Revenue Drive: “Operation ALL MUST PAY”
Ghana’s Power Utility Launches Nationwide Revenue Drive: “Operation ALL MUST PAY” The Electricity Company of Ghana (ECG) has announced the rollout of a comprehensive national revenue mobilisation initiative titled “Operation ALL MUST PAY”, as part of efforts to recover outstanding customer debts and strengthen its financial viability. Scheduled to run from Monday, July 14 to...
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PIAC’s operations crippled, as gov’t withdraws direct oil revenue funding
The Public Interest and Accountability Committee (PIAC), the statutory body mandated to monitor petroleum revenue management, has seen its operations stall after the government scrapped its dedicated share of petroleum revenue funding. Seven months into 2025, PIAC has conducted only one regional engagement in the Ashanti Region and two oil-funded project inspections in the Northern...