Category: Oil & Gas

With only several days left until the US midterm elections, oil prices are set for a hefty 13-14% month-on-month increase as ICE Brent trends around $118 per barrel.

US//—Commodity prices are set to rise 23% in 2026 as global shocks mount, according to the World Bank Group’s latest Commodity Markets Outlook, released today.

Koforidua, Eastern Region//- – Vivo Energy Ghana PLC, the company that markets and distributes Shell-branded fuels and lubricants in Ghana, has emerged as the biggest winner at this year’s National PR and Communications Excellence Awards by the Institute of Public Relations, Ghana, winning four major awards in recognition of its excellence in strategic communications, public relations and […]

Cairo Egypt// — African Export-Import Bank (Afreximbank) has disbursed a landmark $ 975 million financing facility to part-finance the Management Buy-Out of Oryx Energies SA (OESA), the holding company of Addax Energy SA, bringing one of the largest and longest-established independent providers of energy products and services in Africa under majority African ownership for the […]

The oil markets are counting down the days until the November 3 midterm elections in the US, with expectations of impending hostilities rising into next month.

Edmond Kombat Esq., the Managing Director of Tema Oil Refinery (TOR), the oldest state-owned refinery in Ghana, on Monday, 26, October 2026,  briefed journalists at the Jubilee House in Accra on the state of the refinery.

Accra, Ghana//-The Managing Director of Tema Oil Refinery (TOR), Edmond Kombat, today disclosed that the refinery rebounded with a profit before tax of GH¢1.24 billion in 2025, marking its first return to profitability in a decade.

Accra, Ghana//-The Managing Director of the Tema Oil Refinery (TOR), Edmond Kombat, today announced that the recovery of the country’s oldest crude oil refinery has created more than 8,000 jobs for Ghanaians since the return of the Mahama-led government in January 2025.

The recovery of the Tema Oil Refinery (TOR) has created 1,657 permanent and temporary jobs, with more than 6,500 indirect and temporary workers also engaged during turnaround maintenance, Managing Director Edmond Kombat has disclosed.

Tema, Ghana// — A delegation from the International Monetary Fund (IMF) has visited the Tema Oil Refinery (TOR) to familiarise itself with the refinery’s operations, assess ongoing rehabilitation works and gain insight into management’s efforts to restore the facility to sustained operational and financial stability.