The Chamber of Bulk Oil Distributors (CBOD) says it has taken note of reports of Bulk Import, Distribution and Export Companies (BIDECs) hoarding fuel in anticipation of an increase in prices at the next pricing window, which commences on 16th March (the second pricing window of March)In a statement, CBOD says these claims are categorically...
Category: Energy
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Oil price at two-year high after Qatar warns all Gulf production could stop within days.
Oil price at two-year high after Qatar warns all Gulf production could stop within days. Oil prices have risen to their highest level in more than two years, after Qatar’s energy minister warned he expects all oil and gas exporters in the Gulf to stop production within days.Saad al-Kaabi told the Financial Times that the...
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Middle East crisis: Ghana’s immediate threat is price, not fuel availability – Energy Ministry
The Technical Advisor at the Ministry of Energy and Green Transition, Dr. Yussif Sulemana, has assured that Ghana is not facing an immediate fuel supply shortage despite rising tensions in the Middle East.His comments come amid concerns about a possible oil crisis following the ongoing conflict between the US, Israel, and Iran, which analysts say...
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US-Israel-Iran war cuts 22m barrels of fuel daily – COPEC
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has warned that Ghana could see a sharp increase in fuel prices as the global oil supply faces severe disruption due to ongoing hostilities in the Middle East.Speaking on The Big Issue on Channel One TV on Saturday, March 7, Mr Amoah described...
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Ghana’s five-week fuel reserve ‘abysmal’ – COPEC
The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has described Ghana’s current fuel reserves as “abysmal,” despite the National Petroleum Authority (NPA) assuring the public that the country has more than five weeks of supply.Speaking on The Big Issue on Channel One TV on Saturday, March 7, Mr Amoah warned that...
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CBOD, COMAC Deepen Industry Collaboration to Strengthen Downstream Petroleum Sector
The Chamber of Bulk Oil Distributors (CBOD) has paid a courtesy call on the Chamber of Oil Marketing Companies (COMAC) as part of efforts to deepen engagement and reinforce collaboration within Ghana’s downstream petroleum industry. The CBOD delegation was led by its Chief Executive Officer, Dr. Patrick Ofori, and included Richard Kissi, Head of Finance...
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GNPC Explorco, LubriMax, WEP seal deal for Ghana’s first onshore Voltaian Basin drilling
Ghana’s long-anticipated Voltaian Basin drilling campaign has moved closer to reality following the signing of a major project management consultancy agreement between GNPC Explorco and LubriMax Ghana Limited together with its technical partner Well Engineers and Planners to commence drilling in the Voltaian Basin The agreement, signed signal a significant milestone toward Ghana’s first large-scale...
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Energy Minister John Abdulai Jinapor Calls for Integrated Climate Action at 5th IRAD Conference
The Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, has called for bold and integrated measures to address the growing impacts of climate change on water resources and national development. Speaking at the 5th IRAD International Conference on Water Resources, Climate Change Resilience and Sustainable Systems, the Minister described it as an honour...
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PHDC CEO Reaffirms Commitment to Ghana Petroleum Hub as Engine of Economic Transformation
The Chief Executive Officer of the Petroleum Hub Development Corporation (PHDC), Dr. Toni Aubynn, has reiterated government’s commitment to developing the Ghana Petroleum Hub as a strategic driver of economic transformation and social inclusion. Speaking at a strategic engagement with key Civil Society Organisations (CSOs) on March 4, 2026, Dr. Aubynn said the project is...
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NPA didn’t scrap fuel discounts, it corrected an error – Oil Marketing Chamber CEO
The CEO of the Ghana Chamber of Oil Marketing Companies, Dr Riverson Oppong, has rejected claims that the National Petroleum Authority (NPA) has scrapped fuel discounting. He insists the regulator has only corrected what he describes as a long-standing error. Speaking on JoyNews’ PM Express on Wednesday, he said the public narrative around the directive...