Tag: Brent
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Making up for oil revenue shortfall a huge task for Ghana – Kweku Awotwi
Outgoing Managing Director of Tullow Ghana and Executive Vice President of Tullow Oil plc., Kweku Awotwi, says government would have to work really hard to make up for the revenue shortfalls created by fallen crude oil prices. The outbreak of the novel coronavirus has led to a limited demand for crude globally. As a result,…
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COPEC urges Gov’t to assist BOST to store more oil reserves
As concerns continue to mount over lack of storage facilities to store oil in the US, the Chamber of Petroleum Consumers, Ghana, (COPEC) is calling on government to help the Bulk Oil Storage and Transport (BOST), ‘to get a good credit line or an open credit system in place immediately to stock oil at this…
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Oil prices drop after IMF’s review of global economic growth
Oil prices fell on Tuesday [October 10, 2018] following the IMF’s downward review of the global economic growth forecasts. Reuters however reports that markets were supported as Hurricane Michael closed nearly 40 percent of U.S. Gulf of Mexico oil output and U.S. sanctions restricted Iranian exports. The Fund reduced the global economic growth from 3.9…