you’ve been watching global headlines lately, it would be easy to assume oil prices would be sky-high: a major oil-reserve country mired in crisis, sanctions on perennial producers, regional conflicts simmering, and social unrest in several exporters. And yet Brent and WTI have been languishing around $60 a barrel, a level that, a decade ago,...
Category: News
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Oil Prices Could Slip to $50 a Barrel by June
Oil prices are set to continue their downward trajectory and slid to as low as $50 per barrel Brent by the middle of this year, amid ample supply, according to analysts at India’s SBI Research. “Oil prices in general have remained subdued due to the OPEC+ decision to increase production,” the analysts wrote in a...
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Three-way co-loading dominates Ghana’s Q1 laycan slots, unsettling crude and product importers
Ghana’s first-quarter laycan allocation programme, dated 31 December 2025, is triggering pushback from a cross-section of importers who say the schedule’s growing reliance on three-party co-loading is raising operational risk and eroding certainty for supply planning. At the centre of the discontent is a shift in how discharge windows at ABB are being shared. Multiple...
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NPA CEO VISITS SENTUO REFINERY; APPLAUDS SENTUO’S EFFORTS
The Chief Executive of the National Petroleum Authority, Mr. Godwin Kudzo Tameklo (Esq.), has commended Sentuo Oil Refinery for its contributions to the downstream petroleum sector. The NPA Boss also implored Sentuo Refinery to increase local content participation. These comments come after a team from the National Petroleum Authority led by the CEO, paid a...
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Venezuelan Crude Reallocation Faces Complex Sanctions Risks, Not Simple Market Shift – Energy Chamber Ghana
The global crude oil market is expected to undergo a more nuanced adjustment to Venezuelan oil supply in early 2026 than is commonly assumed, according to the Executive Chairman of the Energy Chamber Ghana, Joshua Batsa Narh.Mr. Narh, who is also a Director at the Wingfield Group, said assumptions Venezuelan Crude Reallocation Faces 6Complex Sanctions...
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ZEN Petroleum appoints Frank Adu as Board Chairman
ZEN Petroleum Limited has announced the appointment of seasoned corporate leader Frank Adu as its new Board Chairman, effective January 1, 2026.The appointment was disclosed in a press release issued on Monday, January 5, 2026.Mr. Adu succeeds Tutu Agyare, who steps down after nine years of service as Board Chairman.Mr. Adu brings decades of executive...
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Beyond Sovereignty: Assessing the United States’ Invasion of Venezuela Through the ICC Office of the Prosecutor’s Policy on Addressing Environmental Damage
In the early hours of January 3, 2026, the President of the United States, Donald Trump announced a “successful” military incursion into Venezuela and the capture of its sitting president, Nicolás Maduro. The announcement summarily provoked widespread condemnation and legal scrutiny, with international law experts and other well-meaning members of the global community pointing to...
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Tema Oil Refinery Acquires New Fleet to Boost Operations
Management of Tema Oil Refinery has officially procured and handed over a fleet of vehicles to significantly enhance and strengthen the operational efficiency of the refinery.The fleet comprises eight (8) brand new Mitsubishi vehicles, three (3) Toyota Coaster buses, two (2) industrial forklifts, as well as other essential operational vehicles to support day-to-day activities across...
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NPA PROMOTES ENERGY SAFETY AND SUSTAINABILITY AT NKƆKƆ NKITITI FESTIVAL
The National Petroleum Authority (NPA) has reaffirmed its commitment to energy safety, environmental stewardship, and sustainable national development at the Nkɔkɔ Nkititi Chicken Festival, where it participated as the official energy and fuel safety partner. The two-day event, held under the auspices of the Office of the President and the Minister of State for Special...
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COMAC Projects Further Fuel Price Cuts as Cedi Strengthens and Global Oil Prices Fall
The Chamber of Oil Marketing Companies (COMAC) has forecast a further decline in fuel prices at the pumps in its January market outlook for the start of 2026. According to the report, ex-pump prices of petrol, diesel and liquefied petroleum gas (LPG) are expected to fall consecutively by between 2.40% and 4.80%, 2.42% and 3.77%,...