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Ghana’s crude oil production dips 9.54% in 2023

Reporting Oil and Gas

During the first three quarters of 2023, the nation experienced a 9.54 percent decline in crude oil production. Total crude oil produced amounted to a total of 35.42 This development significantly impacted Ghanas earnings from the oil and gas sector for the Jan. percent compared to the same period in 2022.

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30% of Ghana’s crude oil consumption purchased through Gold for oil programme – Lands Minister

Reporting Oil and Gas

Jinapor emphasized that the government’s decision to acquire crude oil without relying on dollars through this innovative approach had significantly curtailed the depreciation of the Ghana Cedi, playing a crucial role in bolstering the national economy. Source: Myjoyonline.com

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Weak refinery, export demand weakens prices for Midland crude along Texas coast

Oil & Gas 360º

(Investing) –HOUSTON – The price spread between WTI Midland crude in West Texas and Houston has narrowed this year as cold weather hurt Permian production, driving up prices, but weaker refinery and export demand on the U.S. The spread between the two pricing points narrowed to 23 cents in March, the lowest since November 2023.

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Pemex oil exports fall in January, including by 36 percent to U.S.

Permian Basin Oil and Gas Magazine

Crude oil exports by Pemex, Mexicos state-owned petroleum company managed and operated by the Mexican government, fell 44 percent in January 2025 compared to the same month last year to 532,404 barrels per day. Thats its lowest in decades, according to Reuters , as the company has admitted it is struggling with crude quality.

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Permian Basin Economic and Energy Update: Q4 2024

Oil Gas Leads

Below, we analyze the latest data on oil and gas prices, production, labor market trends, and the housing sector. Energy Market Trends: Prices on the Rise Crude oil and natural gas prices saw notable increases in Q4. The price of West Texas Intermediate (WTI) crude oil closed the quarter at $71.72 compared to 2023.

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Valor | Energy Connection – Feb. 24, 2025

Valor

billion in 2023, prompting cost-cutting measures, a 5% staff reduction, and slashed executive bonuses. Read m o re US oil and gas rig count hits highest since June, says Baker Hughes Summary : U.S. Read more Feds approve another deepwater oil export terminal off Texas coast Summary : The U.S. crude oil inventories increase by 4.6

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Nigeria Oil Industry Overview

Drillers

Pipeline vandalism, militant attacks on infrastructure, protests and lawsuits are among the issues that have plagued Nigerias oil industry for years. Recently, the Nigerian government demanded more than $60 billion in back royalties under a production sharing agreement with the supermajors operating in the country. How did this happen?

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