Thursday, July 3, 2025
Voice FM...94.3
  • Home
    • All
    • Extra
    • Featured
    • International News
    • Local News
    • Politics
    • Voice Articles
    • Voice Business
    • Voice Entertainment
    • Voice Sports
    C/R: Two (2) perish in a gory accident on the Mankessim-Accra highway

    C/R: Two (2) perish in a gory accident on the Mankessim-Accra highway

    Suspect arrested in connection with robbery at Offinso Abofour

    Suspect arrested in connection with robbery at Offinso Abofour

    Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

    Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

    UN Global brand ambassador pledges to support decent work, economic growth for the youth

    UN Global brand ambassador pledges to support decent work, economic growth for the youth

    Ghanaians urged to brace for more rains as peak season approaches

    Ghanaians urged to brace for more rains as peak season approaches

    Three confirmed dead in Adentan flood

    Three confirmed dead in Adentan flood

    Trending Tags

    • Voicefm
  • Politics
  • Sports
  • Business
  • Health
  • Entertainment
  • International
    • All
    • Africa
    • Americas
    • Asia
    • Europe
    Pope Francis dead at 88, Vatican confirms

    Pope Francis dead at 88, Vatican confirms

    Boy, 10, dies after 340-pound foster mother sits on him

    Boy, 10, dies after 340-pound foster mother sits on him

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Kenyan Policeman shoots Magistrate in open court

    Kenyan Policeman shoots Magistrate in open court

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

  • Voice Xtra
    • All
    • Health
    • Religion
    • Technology
    Bono Regional Chief Imam passes on

    Bono Regional Chief Imam passes on

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Owusu-Bempah exposes Opambour’s boy

    Owusu-Bempah exposes Opambour’s boy

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    • Gospel
    • Religion
    • Health
    • Technology
    • Voice Articles
  • LIVE Radio
No Result
View All Result
Voice FM...94.3
  • Home
    • All
    • Extra
    • Featured
    • International News
    • Local News
    • Politics
    • Voice Articles
    • Voice Business
    • Voice Entertainment
    • Voice Sports
    C/R: Two (2) perish in a gory accident on the Mankessim-Accra highway

    C/R: Two (2) perish in a gory accident on the Mankessim-Accra highway

    Suspect arrested in connection with robbery at Offinso Abofour

    Suspect arrested in connection with robbery at Offinso Abofour

    Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

    Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

    UN Global brand ambassador pledges to support decent work, economic growth for the youth

    UN Global brand ambassador pledges to support decent work, economic growth for the youth

    Ghanaians urged to brace for more rains as peak season approaches

    Ghanaians urged to brace for more rains as peak season approaches

    Three confirmed dead in Adentan flood

    Three confirmed dead in Adentan flood

    Trending Tags

    • Voicefm
  • Politics
  • Sports
  • Business
  • Health
  • Entertainment
  • International
    • All
    • Africa
    • Americas
    • Asia
    • Europe
    Pope Francis dead at 88, Vatican confirms

    Pope Francis dead at 88, Vatican confirms

    Boy, 10, dies after 340-pound foster mother sits on him

    Boy, 10, dies after 340-pound foster mother sits on him

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Pastor’s son in trouble for selling girlfriend’s car to marry another woman

    Kenyan Policeman shoots Magistrate in open court

    Kenyan Policeman shoots Magistrate in open court

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Lady commits suicide after an interview she granted recounting how she was sleeping with dogs surfaced online

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

  • Voice Xtra
    • All
    • Health
    • Religion
    • Technology
    Bono Regional Chief Imam passes on

    Bono Regional Chief Imam passes on

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    ‘If you were silent under NPP, stay silent now’ – Rev Obofour to critics

    Prophet banned from casinos for winning too much

    Prophet banned from casinos for winning too much

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Train Crash: Truck Driver Parked to Look for Jerk-Eyewitness Reports

    Owusu-Bempah exposes Opambour’s boy

    Owusu-Bempah exposes Opambour’s boy

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    I saw it – Nigel Gaisie stands by his prophecy on John Kumah’s death

    • Gospel
    • Religion
    • Health
    • Technology
    • Voice Articles
  • LIVE Radio
No Result
View All Result
Voice FM...94.3
No Result
View All Result
Home General News Featured

Oil giants predict gloomy times ahead for the industry

root by root
December 10, 2015
in Featured, News in Pictures, Voice Business
0
Oil giants predict gloomy times ahead for the industry
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

gh_pressrelease_fpso-onboardl_713x476-620x330[1]Oil giant Tullow is predicting tough times ahead for the oil industry in the coming months as prices of the commodity on the world market continue to decline.

The price of a barrel of the commodity over the weekend fell below 40 dollars, the lowest since 2009.

The price of Brent Crude fell 5.3% to 40.73 dollars a barrel.

The drop follows Friday’s decision by the Organization of the Petroleum Exporting Countries (OPEC) not to cut output despite the supply glut which is depressing prices.

There are fears however that the drop could worsen in the coming months and into next year as OPEC is not likely to consider its output ceiling – which had been set at 30 million barrels a day – until next June.

CEO of Tullow, Aidan Heavy tells Voice Business News the development is worrying.

“If you look at the report on the major oil producers in the world right now they are all in the negative. The major OPEC producers cannot continue at 50 dollars, if you look at the oil industry itself, 760 billion dollars of projects is currently on hold because they’re uneconomic at 50 dollars. The industry itself lost 1.5 trillion dollars of income in the last twelve months, so if you can imagine all of that numbers coming to the industry, there have been no exploration worldwide for three years,” Aidan Heavy noted. He added, “So you are talking about an industry that there is a massive lack of investment so the oil price cannot stay at this level, because the supply is falling off quite dramatically. So if we were pessimistic before twelve months you should be able to see that supply will not meet the world’s demand.”

YOU MAY ALSO LIKE :  Sports Minister mustn't negotiate bonuses: Asiamah

Share this:

  • Facebook
  • Twitter
Previous Post

Kevin Prince Boateng bids ‘crazy’ Shalke 04 fans farewell

Next Post

Instrument Landing System at Kumasi Airport operational- GCAA

root

root

Next Post
Instrument Landing System at Kumasi Airport operational- GCAA

Instrument Landing System at Kumasi Airport operational- GCAA

READ - FROM OTHER CATEGORIES

SUGGESTED - FOR YOU

  • All
  • Politics
  • Voice Business
  • Voice Entertainment
  • Health
  • Technology
C/R: Two (2) perish in a gory accident on the Mankessim-Accra highway

C/R: Two (2) perish in a gory accident on the Mankessim-Accra highway

June 21, 2025
Suspect arrested in connection with robbery at Offinso Abofour

Suspect arrested in connection with robbery at Offinso Abofour

May 29, 2025
Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

May 29, 2025
UN Global brand ambassador pledges to support decent work, economic growth for the youth

UN Global brand ambassador pledges to support decent work, economic growth for the youth

May 19, 2025
Ghanaians urged to brace for more rains as peak season approaches

Ghanaians urged to brace for more rains as peak season approaches

May 19, 2025

EDITOR'S PICKS

Poor Service of Delta Airlines made me miss my Detroit tour – Sarkodie

Poor Service of Delta Airlines made me miss my Detroit tour – Sarkodie

by Attah Dabone
September 11, 2023
0

Ghanaian rapper and songwriter, Sarkodie said he missed his event in Detroit due to Delta

Plot to remove IGP: Dampare to appear before committee on September 12

Plot to remove IGP: Dampare to appear before committee on September 12

by Attah Dabone
September 11, 2023
0

Chairman of the ad-hoc committee probing the leaked plot to remove IGP, Samuel Atta Akyea has

Tema Motorway bridge closes for repair works

Tema Motorway bridge closes for repair works

by Attah Dabone
September 7, 2023
0

The Tema Motorway Bridge that connects Community 18 to Borteyman will be closed to traffic from Sunday,

Wenchi: GES probes teacher for allegedly forcing pupils to swear by deity over stolen phone

Wenchi: GES probes teacher for allegedly forcing pupils to swear by deity over stolen phone

by Attah Dabone
September 7, 2023
0

The Wenchi Municipal Directorate of the Ghana Education Service (GES) in the Bono Region has

Car stolen from a driveway in Canada found in Ghana

Car stolen from a driveway in Canada found in Ghana

by Attah Dabone
September 7, 2023
0

In an astonishing turn of events, a car stolen from a Toronto driveway in Canada

Be transparent in limited voter registration exercise – Mahama tells EC

by Attah Dabone
September 6, 2023
0

Former President John Dramani Mahama has asked the Electoral Commission (EC) to be fair in

NPP flagbearer race: Ghanaians react to Alan’s withdrawal

by Attah Dabone
September 6, 2023
0

Former Trade Minister, Alan Kwadwo Kyerematen’s withdrawal from New Patriotic Party’s (NPP) presidential race has sparked reactions

VOICE NEWS - ARCHIVE

Latest News Trending

C/R: Two (2) perish in a gory accident on the Mankessim-Accra highway

C/R: Two (2) perish in a gory accident on the Mankessim-Accra highway

by Attah Dabone
June 21, 2025
0

Suspect arrested in connection with robbery at Offinso Abofour

Suspect arrested in connection with robbery at Offinso Abofour

by Attah Dabone
May 29, 2025
0

Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

by Attah Dabone
May 29, 2025
0

Featured News

C/R: Two (2) perish in a gory accident on the Mankessim-Accra highway

Suspect arrested in connection with robbery at Offinso Abofour

Hannah Bissiw, Atiwa West DCE lead operation to arrest 10 illegal miners

UN Global brand ambassador pledges to support decent work, economic growth for the youth

Ghanaians urged to brace for more rains as peak season approaches

Three confirmed dead in Adentan flood

Cedi’s 16.7% surge marks major economic turnaround – Ato Forson

  • Home
  • LIVE Radio

Voice FM Online © Copyright 2016, All Rights Reserved.

No Result
View All Result
  • Home
  • LIVE Radio

Voice FM Online © Copyright 2016, All Rights Reserved.