Platts, part of S&P Global Commodity Insights, has announced plans to introduce new Suezmax 130,000-mt dirty tanker freight assessments for crude oil shipments from Guyana to Europe, effective December 1.The new assessments will cover two routes: Guyana to the United Kingdom and Guyana to the Mediterranean, reflecting what Platts described as the “growing crude trade...
Author: Energy Crossroad (Energy Crossroad)
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Energy Minister Commends NPA CEO, Urges Staff Support for Sector Reforms
The Minister for Energy and Green Transition, John Abdulai Jinapor, has called on staff of the National Petroleum Authority (NPA) to rally behind their Chief Executive Officer, Mr. Godwin Edudzi Tameklo, describing him as a dynamic and visionary leader driving transformation within Ghana’s petroleum downstream sector. During a working visit to the Authority on Wednesday,...
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Energy Minister Applauds BOSTEnergies for Renewed Dynamism and Strategic Focus
The Minister of Energy and Green Transition, John Abdulai Jinapor, has commended the leadership of BOSTEnergies (formerly the Bulk Oil Storage and Transportation Company Limited – BOST) for its renewed sense of purpose, operational efficiency, and forward-looking strategic direction. Speaking during a working visit to the company’s headquarters, the minister said he was impressed by...
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Ethiopia Approves Nuclear Energy Commission
Ethiopia’s Council of Ministers approved a regulation on Tuesday establishing the Ethiopian Nuclear Energy Commission, advancing plans to add nuclear power to its energy mix. The new body will oversee efforts to develop and regulate the use of nuclear technology for peaceful purposes, including electricity generation, industrial applications, healthcare, and agriculture, the Prime Minister’s Office...
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West Africa One of the Most Expensive Places to Drill Oil – Deloitte Report
West Africa remains one of the most expensive regions in the world for oil drilling, making it increasingly difficult for African producers, particularly in Nigeria, to compete globally, according to Deloitte’s latest West African Oil Market Report. The report attributes the region’s high operating costs to elevated cost premiums faced by African independent oil producers....
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Ghana to Account for 20% of $80 Billion West African Oil Market Value by 2033
Ghana is projected to account for 20 percent of West Africa’s estimated $80 billion oil market value by 2033, according to Deloitte’s latest report on the West African Oil Market. This projection translates to a contribution of approximately $16 billion from Ghana to the region’s total market value over the next eight years. Nigeria, the...
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Chamber of Oil Marketing Companies Projects Drop in Fuel Prices as Global Crude and Forex Trends Improve.
The Chamber of Oil Marketing Companies (OMCs) has projected a marginal drop in fuel prices at the pumps during the October 16, 2025 pricing window, citing the decline in international crude oil prices and the recent appreciation of the cedi. According to data released by the Chamber, crude oil prices on the international market fell...
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PHDC Signs MoU with Chemexa Petrochemical Trading and Afdat Group of Companies for the Construction of Storage Tanks
Ghana has received yet another significant boost in its vision of establishing a state-of-the-art petroleum and petrochemical hub following the signing of a Memorandum of Understanding (MoU) between the Petroleum Hub Development Corporation (PHDC) and leading Egyptian firm, Chemexa Petrochemical Trading, along with its local partner, Afdat Group of Companies. Signed on Tuesday, October 14,...
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Crude Oil and Refined Products Market Review and Outlook
During the pricing window under review, the international market price of crude oil declined by about 2.03% compared to the previous window. Increased production from both OPEC and non-OPEC member countries largely drove the price reduction, resulting in a higher supply relative to demand. It has been projected by the International Energy Agency (IEA) that...
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Fuel Prices Expected to Fall in October — CBOD Projects Relief for Consumers
The Chamber of Bulk Oil Distributors (CBOD) has projected a decline in fuel prices for the first pricing window of October 2025, citing a drop in international refined petroleum prices and a notable appreciation of the cedi against major trading currencies. In its latest market outlook report covering the period October 16–31, CBOD said the...