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Crude and Refined Products Price Review and Outlook International crude oil prices plummeted...
The Energy Minister, Herbert Krapah has challenged players in the Ghanaian petroleum industry to take advantage...
The Ghana Chamber of Bulk Oil Distributors (CBOD) partnered with Abertay University in Scotland to explore how...
Dr. Patrick Ofori, CEO of the Ghana Chamber of Bulk Oil Distributors (CBOD), has underscored the critical gap in...
Accra, Ghana – August 22, 2024 – The Chamber of Bulk Oil Distributors (CBOD) is deeply concerned about the...
A minister of state at the Energy Ministry, Herbert Krapah has challenged players in the Ghanaian petroleum...
Crude Oil and Refined Products Market Review and Outlook Crude oil prices surged for the second window in a row...
The Chamber of Bulk Oil Distributors (CBOD), in collaboration with the Tema Command of the Ghana National Fire Service, has organized an emergency fire response training program for members of the chamber. Forty representatives from member company depots participated in the intensive training session. The purpose of the training program was to equip depot staff...
Accra, Ghana – June 21, 2024 — The Chamber of Bulk Oil Distributors’ (CBOD) has received a letter from the Ministry of Energy addressed to the Ghana Revenue Authority (GRA) on a new standard for measurements in the oil and gas sector. This standard was primarily developed collaboratively by the Ghana Standards Authority (GSA) with...
Crude Oil and Refined Products Market Review and Outlook Global crude oil prices continue to follow a downward trajectory after rising to a five-month high in April 2024. Crude prices rose from an average of USD81.72/bbl in Q1 to USD90.39/bbl in April before declining to an average of USD79.33/bbl in the second window of June...
The Ghana Chamber of Bulk Oil Distributors (CBOD) is proud to contribute to the national effort of restoring Ghana’s forest cover. In commemoration of Green Ghana Day, 50 members and officials of the Chamber participated in a tree-planting exercise at the Chipa Forest Reserve near Agomeda. The Chamber’s members planted a diverse range of trees...
Crude Oil and Refined Products Market Review and Outlook Global crude oil prices plummeted to their lowest levels since January 2024 in the 11th to 26th May pricing window. Although the global demand had been projected by the International Energy Agency (IEA) to rise by 1.1 mb/d in 2024, the recent decline in prices is...
Crude Oil and Refined Products Market Review and Outlook • Global crude oil prices rose significantly in April and in the first week of May above the USD90/bbl benchmark. They are expected to remain in a broad holding pattern towards the end of the second quarter of 2024. The significant surge in the crude prices...
Accra, Ghana – April 25, 2024 – The Chamber of Bulk Oil Distributors’ (CBOD) attention has been drawn to Government’s plans to make the Bulk Energy Storage and Transportation Company (BEST), the sole off-taker of Sentuo Oil Refinery Limited’s production under the gold for oil programme (G40). We are convinced that this plan is inconsistent...
The Ghana Chamber of Bulk Oil Distributors (CBOD) has hosted this year’s media soiree, inviting representatives from various media houses across the country. The cocktail event aimed to establish a strong and collaborative relationship between the Chamber and the media, focused on ensuring accurate and timely information reaches Ghanaians. Dr. Patrick Ofori, CEO of CBOD...
Crude Oil and Refined Products Market Review and Outlook Oil benchmark rose on Friday 12th April 2024 in anticipation of Iran’s retaliatory attack against Israel, with prices touching their highest since October 2023. This rise in oil prices, which hit a six-month high on Friday, emanates from the alleged Israeli attack on the Iranian embassy...
Market Outlook – 1st to 15th May 2026 Pricing Window
Crude and Refined Products Price Review and Outlook International crude oil prices plummeted significantly by about 12.33% in the period under review, averaging around USD114…
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