Tag: crude oil
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OPEC to increase oil production by 1 million barrels from July
The Organization of Petroleum Exporting Countries, OPEC, has agreed to raise oil production by around 1 million barrels per day from July 2018. The decision was arrived at after a meeting by representatives of member countries, on Friday [June 22, 2018]. Despite this decision to increase output, some analysts say the impact will be marginal…
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Ghana’s oil revenue rises by 67% in first half of 2017 – BoG
Latest figures have shown that revenue from Ghana’s oil production increased by 67 percent for the first half of 2017 compared to the same period in 2016. The semi-annual report on the Petroleum Holding Fund and Ghana’s Petroleum Funds shows that Ghana realized 191.32 million dollars in revenue in the first half of this year…
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Declining oil prices will least affect Ghana – Economist
Some Economists have ruled out any significant impact on Ghana’s economy following the declining global oil prices. The decision by Oil Producing and Export Countries (OPEC) including Russia to cut down production due to increased supplies has resulted in a drop in prices. Contrary to the expectations of many investors in the oil and gas…