Search: “oil prices”

Why were workers at Nigeria's largest independent oil and gas producer ready to strike?

Nigeria's Seplat Energy faced potential disruptions as its workers considered industrial action. The situation raised concerns for the company and the broader energy sector - with implications for production and supply.

GOLDBOD's "beautiful" financials hide a troubling truth - what is the real cost of the state gold program?

Ghana Gold Board's (GOLDBOD) 2025 financials paint a picture of success, touting significant gold assays and a healthy surplus. Examining these figures alongside the Bank of Ghana's results, however, reveals a stark contrast - raising questions about the true cost of GOLDBOD's operations.

Aramco's uncertainty highlights a shift: Is Iran, not the US, now key to reopening global energy markets?

Tensions in the Middle East are disrupting global energy markets, involving Iran, the US, and Saudi Arabia. The ability of one nation to impact shipping routes raises questions about long-term stability - and who truly holds the power.

Walmart warns US shoppers are cutting back - but what does this mean for the economy?

Walmart anticipates slower sales growth as US consumers grapple with rising petrol prices- a consequence of ongoing conflict. The retail giant is closely monitoring the situation, hinting at potential impacts on household budgets.

Amid rising fuel costs, what assurances did the Energy Committee Vice Chair give to Ghanaians?

Kofi Arko Nokoe, Vice Chair of the Energy Committee, addressed Ghanaians' concerns about rising fuel prices. He hinted at the government's commitment to energy stability - but what considerations are at play?

A World Bank document shows 27 countries are seeking crisis funds - but what does this mean for the global economy?

An internal World Bank document shows that twenty-seven countries have moved to put in place crisis instruments. The goal is to quickly access funding from existing World Bank programs - but the reason for the urgency remains unclear.

Afreximbank unveils a US$10B programme to help Africa and CARICOM cope with Middle East conflict fallout - but how?

Afreximbank is launching a programme aimed at shielding African and CARICOM economies from the escalating conflict in the Middle East. The US$10 billion Gulf Crisis Response Programme (GCRP) hopes to address economic shocks - but what challenges will it face?

Global institutions are coordinating to address the energy crisis - but what does this mean for Ghana?

The IEA, IMF, and World Bank have announced joint measures amidst the Middle East conflict. These measures aim to help vulnerable countries- but what challenges are they facing?

Global financial institutions are raising concerns about the economic impact of war - how will Ghana be affected?

The World Bank, IMF, and IEA are warning about potential economic fallout from the ongoing war in the Middle East. The institutions highlight possible challenges for Ghana and other low-income economies - but what could these be?

The IMF warns of hidden risks in global credit markets- could the Middle East war trigger a financial crisis?

The IMF is sounding the alarm about the war in the Middle East and its potential impact on the global economy. The apparent calm in financial markets may be masking vulnerabilities- but what could happen if the war escalates?

The U.S.-Israeli war against Iran could affect the recent improvement in Ghana’s economy - how?

Bank of Ghana Governor Asiama says the U.S.-Israeli war against Iran poses a fresh threat to Ghana’s inflation outlook. The Governor notes that geopolitical uncertainty is pushing up gold prices - but will that be enough?

The Iran war has caused economic disruption, but some companies are seeing record profits. Which sectors are booming?

The conflict in Iran has created uncertainty and disruption, impacting firms, families, and governments worldwide. While some struggle, certain sectors are seeing record earnings- but who is profiting from the ongoing crisis?

A fragile ceasefire is in place, but why are ships still reluctant to cross the Strait of Hormuz?

Tensions remain high around the Strait of Hormuz- a vital shipping lane- despite a US-Iran ceasefire agreement. Vessels are proceeding with caution, and the disruption is sending shock waves- but how far will they reach?

BYD says it's doing great without the US market - but can that last? Find out more...

Chinese EV-maker BYD is thriving, despite being largely shut out of the US market- a situation that bucks the trend. The company is now focused on meeting demand in other regions- but what challenges might they face?

A Finance Committee member says there's room to cut fuel taxes - but is it really that simple?

Dr. Mohammed Amin Adam suggests reducing petroleum taxes won't hurt the 2026 budget, despite rising fuel prices. He claims the government benefits from higher crude oil prices - but what does this mean for the average Ghanaian?

A leading finance expert insists there's room to maneuver on fuel taxes - but how?

Dr. Mohammed Amin Adam says reducing petroleum taxes won't affect the 2026 budget- despite concerns about rising fuel prices. He claims the government has undisclosed revenue gains that could offset potential losses- but what are they?

Ghana's petroleum sector faces mounting pressure after a sharp decline in oil revenue - what could be the consequences?

PIAC is concerned about Ghana's $600 million petroleum revenue drop. The committee attributes the downturn to declining oil production levels - but what does this mean for the country's economy?

Get ready for mixed changes at the pumps - how will petrol, LPG and diesel prices shift starting June 1?

Ghanaians brace themselves as petroleum prices are projected to shift at the pumps starting June 1, 2026- impacting petrol, LPG, and diesel. Mixed reviews are expected due to global prices and government interventions, but what will this mean for consumers?