cbodghana

Latest News

Market Outlook – 1st to 15th May 2026 Pricing Window

Crude and Refined Products Price Review and Outlook     International crude oil prices plummeted...

Market Outlook – 16th to 30th April 2024 Pricing Window

Crude Oil and Refined Products Market Review and Outlook  Oil benchmark rose on Friday 12th April 2024 in...

Market Outlook – 1st to 15th April 2024 Pricing Window

Crude Oil and Refined Products Market Review and Outlook  Notwithstanding the recent surge in global crude...

Market Outlook – 1st to 15th March 2024 Pricing Window

Crude Oil and Refined Products Market Review and Outlook Global demand for crude and petroleum products have...

Market Outlook – 16th to 29th February 2024 Pricing Window

Crude Oil and Refined Products Market Review and Outlook The downward trajectory of global demand for crude oil...

Market Outlook – 1st to 15th February 2024 Pricing Window

Crude Oil and Refined Products Market Review and Outlook Global demand for crude oil and petroleum products has...

Market Outlook – 15th to 31st January2024 Pricing Window

Crude Oil and Refined Products Market Review and Outlook Crude oil prices declined by about 3 percent from...

Market Outlook – 16th to 31st December 2023 Pricing Window

Refined Products Review and Outlook Global prices of crude oil have continued to follow a downward trajectory...

Market Outlook – 1st to 15th December 2023 Pricing Window

Refined Products Review and Outlook Global crude oil prices continue to witness significant declines after the...

Market Outlook – 16th to 31st October 2023 Pricing Window

Refined Products Review and Outlook Crude oil output rose by about 270,000 b/d in September due to higher production from some OPEC+ nations such as Nigeria and Kazakhstan. Despite the continual cut in production by Russia and Saudi Arabia to influence global prices, world crude output rose to about 101.6 million b/d in September 2023...

Market Outlook – 1st to 15th October 2023 Pricing Window

Refined Products Review and Outlook The price of crude and refined petroleum products on the global market has risen significantly throughout the third quarter of 2023, largely due to dwindling crude supply by the OPEC+, the resumption of economic activities in China, an increase in air travel, and surging demand for petrochemical feedstock. According to...

Market Outlook – 15th to 30th September 2023 Pricing Window

Refined Products Review and Outlook Global oil demand increased significantly in Q3 due to the post-pandemic economic recovery in China as well as the reduction in crude production by OPEC+ nations. While global oil demand has been projected to reach its highest annual level in 2023 at about 102.2 million b/d, demand in June and...

Market Outlook – 1st to 15th September 2023 Pricing Window

Refined Products Review and Outlook The global demand for crude and petroleum products continues to hit record highs, boosted by strong summer air travel, increased oil use in power generation, and surging Chinese petrochemical activities. The International Energy Agency (IEA) has projected that the global demand for oil will grow by 2.2 million b/d in...

Market Outlook – August 16 2023 Pricing Window

Refined Products Review and Outlook Crude oil prices have risen significantly since the month of July, to about USD86 per barrel in the last selling window of August 2023. This rise has been largely attributed to supply tightness due to OPEC+ production cuts and renewed optimism about Chinese demand. The OPEC+ nations in April 2023...

Market Outlook – August 1 2023 Pricing Window

Refined Products Review and Outlook Global crude prices rose significantly in the month of July largely due to supply tightness owing to OPEC+ production cuts and renewed optimism over Chinese demand and global growth. High inflation and interest rates in the US and  Europe and the weak economic indicators from economies like the US, EU...

Market Outlook – July 16 2023 Pricing Window

Refined Products Price Review and Outlook The international market prices of finished petroleum products in the 27th June to 11th July 2023 pricing window, which are the premiums used in pricing petroleum products from 16th to 31st July 2023, changed marginally compared to the previous selling window. Crude oil prices on the world market within...

Market Outlook – July 1 2023 Pricing Window

Refined Products Price Review and Outlook The international market prices of finished petroleum products in the 12th to 26th June 2023 pricing window, which are the premiums used in pricing petroleum products from 1st to 15th July 2023, changed marginally compared to the previous selling window. Crude oil prices at the world market declined by...

CBOD plants one thousand trees in support of Green Ghana Initiative

  The management and staff of the Ghana Chamber of Bulk Distributors (CBOD) have planted 1,100 trees in the Chirapa Forest Reserve in Agomeda in the Greater Accra Region as part of the Green Ghana initiative. The chief executive of CBOD, Dr. Patrick Ofori, says the chamber is in full support of the initiative and...