Tag: crude oil prices
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Tullow Oil banks hope on hedging; restructuring to escape impact of COVID-19
Troubled oil producer, Tullow Oil plc, is in a hurry to forget 2019. It was a year that the company showed loads of promise and even much greater disappointment, which culminated in the departure of its CEO, Paul McDade and Head of Exploration, Angus Mcoss. While Tullow had run into problems with the Ugandan tax…
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Fuel prices may go down by 15% – NPA Boss
The National Petroleum Authority (NPA) says per its calculation, fuel prices at the pumps may go down by 15% on March 15, which is the next pricing window. This follows the 30% drop in global crude prices and the relative stability of the cedi against major international currencies. Groups like the Chamber of Petroleum Consumers…
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OMCs reject calls for reduction in fuel cost to reflect global crude prices
The Association of Oil Marketing Companies is urging restraint among some industry watchers and analysts who are demanding a reduction in prices to reflect the downward trends in global crude oil prices and the relative stability of the cedi. According to the CEO of the Association, Kwaku Agyeman Duah, the reduction can only be felt…