The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 951,000 barrels for the week ending October 2. Analysts had predicted an inventory build of 400,000 barrels. In the previous week, the API reported a draw in crude oil inventories of 831,000 barrels, after analysts …
Read More »
The African Energy Chamber analyses the most vulnerable African countries amid the Covid-19 pandemic and low oil price. Angola revises national budget and suspends CAPEX; Senegal’s first oil development faces debt arrangement challenges; Nigeria poised for a major revenue loss; Analysts predict Ghana will get half its projected revenue; Cameroon …
Read More »
Oil prices surged after two attacks on Saudi Arabian facilities on Saturday knocked out more than 5% of global supply. Brent crude jumped 10% to $66.28 a barrel, while West Texas Intermediate rose 8.9% to $59.75 in Asian trading. Prices pulled back slightly after US President Donald Trump authorised the …
Read More »
Home Of Ghana News Ghana News, Entertainment And More