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Protracted tightening of policy rate projected until inflation firmly settles

Protracted tightening of policy rate projected until inflation firmly settles

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In response to escalating geopolitical tensions impacting oil prices and a year-end consumer inflation rate of 23.2 percent, the Bank of Ghana Monetary Policy Committee (MPC) is poised to maintain its ‘tighter-for-longer’ policy stance until inflation is securely anchored.  This strategic move reflects the central bank’s commitment to navigating economic uncertainties and fostering stability in […]

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Red Sea crisis escalation: US-UK airstrikes, Houthis’ vessel attacks, spike in oil prices, and tanker trade slowdown

Red Sea crisis escalation: US-UK airstrikes, Houthis’ vessel attacks, spike in oil prices, and tanker trade slowdown

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Home Fossil Energy Red Sea crisis escalation: US-UK airstrikes, Houthis’ vessel attacks, spike in oil prices, and tanker trade slowdown Recent events in the Red Sea have added fuel to the growing fears about the possibility of a wider conflict breaking out across the Middle East, prompting further concerns over oil flows, supply chains, and

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Oil sprints back to $73 with Russia complying to production cuts

Oil sprints back to $73 with Russia complying to production cuts

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WTI Oil steady near $72, bouncing off a floor after Monday’s decline.  US Secretary of State Anthony Blinken landed in Israel to outline measures to secure safe passage in the Red Sea.  The DXY US Dollar Index holds above 102.00, with traders split between Goldilocks or geopolitical safe-haven scenarios.  Oil trades near $72, after briefly

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