Tag: IES
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Fuel prices to remain stable for 2nd pricing window in May – IES
The Institute of Energy Security, IES, says consumers should not expect any major change in the prices of fuel at the various pumps from the second pricing window spanning Saturday, May 16 to Sunday, May 31. The energy think tank attributes this to the marginal rise in fuel prices on the global market as well…
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COPEC, IES back calls for an increase in BOST Margin
Civil Society Organizations, Chamber of Petroleum Consumers (COPEC), and the Institute of Energy Security (IES), have backed calls from the Bulk Oil Storage and Transportation Company (BOST) for an increase in the BOST Margin in the petroleum price build-up from 3 pesewas to 12 pesewas. According to them, if the Margin is increased, BOST can…
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Increase our Margin to maintain our Infrastructure – BOST MD
The Managing Director of the Bulk Oil Storage and Transportation Company, BOST, Edwin Provencal, says there is the need for the BOST margin in the petroleum price build-up to be increased from 3 pesewas to 12 pesewas. He says the current margin is woefully inadequate to put the company in a strategic position to fix…
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Fuel prices to drop between 3 to 5% at pumps from today – IES
Consumers of petroleum products should be paying lower prices for fuel they purchase at the various pumps, for the next two weeks which is the first pricing window in May. Energy think tank, Institute of Energy Security, told Citi Business News its analysis shows a reduction of between 3 to 5% for the period spanning Friday…
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Raymond Nuworkpor writes: Drilling through a broken oil market, repercussions for our local market
International Brent Crude plummeted momentarily on Tuesday, 21st April, the lowest since 21 years ago, but recovers a day after to hover around $20 a barrel. As the novel Coronavirus lockdown grind down many facets of our lives i.e. a grounded airline industry, a drowning hospitality sector, a quandary health industry, a crumpled supply chain…
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Oil production in Ghana threatened by continuous drop in Brent crude prices – IES
The Institute of Energy Security, IES, says oil producers in Ghana may be compelled to halt their production if the global price of Brent Crude continues to fall. The price of US oil turned negative for the first time in history on Monday, 20th April, 2020. By this, oil producers are paying buyers to take…
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Paa Kwasi Anamua Sakyi writes: Women in energy; closing the inequality gap
The issue of inequality at the workplace have been discussed extensively by many authors. But one sector in which women’s participation is below that of the broader economy, is the energy sector. Despite making up 48 percent of the global labour force, women only account for 22 percent of the labour force in the oil…
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Fuel prices to remain stable in first pricing window in April – IES predicts
Prices of fuel are to remain stable in the first pricing window of April, 2020, according to the Institute of Energy Security, IES. In a statement issued by the Institute, they attribute the stability in fuel prices to the fairly modest reduction in prices of Gasoline and Gasoil on the international market, as well as…
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COVID-19 challenges: Electricity subsidy to cost gov’t $450m – IES
Government’s decision to absorb the cost of electricity for consumers for three months will cost an estimated 450 million dollars. That’s according to an assessment conducted by the Institute of Energy Security, IES. President Nana Akufo-Addo in his sixth national address on the coronavirus indicated that government will fully cover the bills of low-income consumers…
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IES warns of unstable power supply if gov’t doesn’t fund power providers
Institute of Energy Security, IES, is predicting unstable power supply across the country in the coming days if government does not resource electricity service providers. President Nana Akufo-Addo, on Thursday, 09 April 2020, revealed that the government will fully cover the bills of low-income consumers of electricity for April, May and June 2020. The remaining…