The lack of progress in US-Iran talks and their continuous postponement (now to Wednesday) are keeping the oil market on tenterhooks, with Trump’s Tuesday comments about ‘not wanting to extend the truce further’ sending another wave of anxiety across market watchers.
Petrol theft has surged by 62% compared with a year ago, according to new figures compiled for the BBC, with one forecourt owner saying drive-offs are costing him £2,000 a week across his five sites.
Ghana’s petroleum sector is facing mounting pressure after the country recorded a sharp drop in oil revenue, losing nearly 600 million dollars in a single year, according to the latest report by the Public Interest and Accountability Committee (PIAC).
Accra, Ghana//-On the fertile grounds of Tamale, a visionary was born. Dr Ibrahim Mahama’s journey from the classrooms of Tamale Senior High School to the halls of the College of North West London was just the prologue to an extraordinary story of grit, vision, and nation-building.
Nigeria has spent decades pumping crude oil out of the ground and shipping refined products back in. Aliko Dangote just changed that equation.
Oil markets are fixated on this weekend’s second round of US-Iran talks, with hopes rising for a negotiated end to the Strait of Hormuz’s 45-day blockade.
Africa’s energy challenge is not a shortage of resources. There is a shortage of effective governance.
Flavio Macau, Edith Cowan University The fallout from the war between the United States, Israel and Iran has dominated global oil markets. And not just because the Strait of Hormuz, which normally carries about 20% of global oil and gas, remains effectively closed to shipping traffic.
The Ghana Gas Company has announced a major technical failure at its gas processing plant, leading to an emergency shutdown and subsequent power supply disruptions across parts of the country.
The war in the Middle East is putting pressure on people, firms, and countries at a moment when public finances are already strained by long-term issues. Higher energy and food prices, tighter financial conditions, and greater uncertainty are once again prompting calls for fiscal support.
