Connect with us

General News

Oil Prices Extend Losses as Middle East Supply Fears Ease

Published

on

17 September 2026 | Energy & Markets

Oil prices fall for a second day

Oil prices extended their decline in Asian trading on Thursday as signs that Saudi Arabia can redirect some crude exports through Oman eased immediate concerns about shortages caused by disruptions to Middle Eastern supply routes.

Brent crude futures were down about 1.2% at $104.59 a barrel, while U.S. West Texas Intermediate (WTI) fell about 1.1% to $101.29 in early trading. Both benchmarks had dropped roughly $3 on Wednesday.

The decline represents a change in market sentiment after oil prices climbed sharply earlier in September as attacks on energy infrastructure and shipping routes raised concerns that Middle Eastern exports could be significantly curtailed.

EURODIESEL diesel fuel | Aramco Fuels Poland

EURODIESEL diesel fuel | Aramco Fuels Poland

Saudi Arabia finds an alternative export route

The immediate catalyst for the latest decline is Saudi Arabia’s reported decision to offer additional crude cargoes to Asian refiners through Oman.

People familiar with the arrangements told Reuters that Saudi crude is being moved through ship-to-ship transfers near Oman’s Sohar port. The alternative route is helping reduce the impact of disruptions affecting Saudi Arabia’s East-West pipeline and the Red Sea export terminal at Yanbu.

The workaround does not completely eliminate the supply problem. Reuters reports that the additional shipments are not expected to fully replace exports lost from Yanbu.

That distinction is important for the market: traders are reacting to evidence that some barrels can still reach customers, rather than concluding that Middle Eastern supply disruptions have ended.

SOHAR Port and Freezone: Pioneering growth and sustainability in logistics  - Logistics Middle East

SOHAR Port and Freezone: Pioneering growth and sustainability in logistics – Logistics Middle East

What happened to Saudi Arabia’s pipeline?

Saudi Arabia’s East-West pipeline has become particularly important because it provides a route for crude to reach the Red Sea without passing through the Strait of Hormuz.

Recent attacks damaged pumping stations along the pipeline, affecting the flow of crude toward Yanbu, one of Saudi Arabia’s important Red Sea export facilities. Saudi Arabia subsequently suspended some loadings from Yanbu and cancelled some deliveries to European customers.

The pipeline’s disruption had contributed to the rapid rise in oil prices earlier in the week.

On September 15, Brent and WTI settled more than $3 higher, reaching their highest levels since May 19, after the Yanbu disruption intensified concerns about available supply.

Oil pump in the desert

Oil pump in the desert

Oil remains above $100

Despite the latest decline, crude remains above the psychologically important $100-a-barrel level.

That reflects the fact that the underlying geopolitical risks have not disappeared.

Brent had settled at $105.83 on Wednesday after falling 2.7%, while WTI settled at $102.43, down 3.2%.

Earlier in September, the benchmarks had surged as attacks on shipping and energy infrastructure raised fears of prolonged supply disruptions. On September 10, Brent jumped more than 6% to settle at $107.63, while WTI rose to $102.48.

$100mln credit facility to power Advario’s liquid logistics services in Oman

$100mln credit facility to power Advario’s liquid logistics services in Oman

The Strait of Hormuz remains a major risk

The oil market continues to watch the Strait of Hormuz, a critical energy shipping route.

Before the current conflict, approximately one-fifth of global oil supplies passed through the waterway. Recent restrictions and security concerns have significantly reduced tanker traffic. Reuters reported that only four vessels passed through the strait on Tuesday, compared with seven the previous day.

This leaves the global market vulnerable to another escalation.

Saudi Arabia’s alternative routes—including shipments through Oman and other workarounds—can partially reduce the impact, but they cannot necessarily replace all the volumes that normally move through the region.

Sohar Port pulls in $2.5bn worth petchem projects - Oman Observer

Sohar Port pulls in $2.5bn worth petchem projects – Oman Observer

U.S. inventories also weigh on prices

Another factor pushing prices lower is the latest U.S. inventory data.

U.S. crude stocks fell by only 640,000 barrels last week, according to the Energy Information Administration, compared with analysts’ expectations for a decline of about 1.62 million barrels.

A smaller-than-expected decline suggests that the U.S. market currently has somewhat more supply available than traders had anticipated.

The inventory picture therefore provides another reason for traders to reduce the amount of geopolitical risk being priced into crude.

Oman deaths: Three Indian workers die in 'accident' on board ship in Sohar port | The National

Oman deaths: Three Indian workers die in ‘accident’ on board ship in Sohar port | The National

But fuel markets remain under pressure

The fall in crude prices should not be confused with an easing of all energy-market pressures.

Diesel markets remain particularly tight.

Reuters reported that Asian refining margins for low-sulfur diesel recently climbed above $87 a barrel, an all-time high based on LSEG pricing data. European diesel prices have also remained close to record levels.

This creates a significant distinction:

Crude oil prices are falling, while refined fuel markets remain exceptionally tight.

For consumers and businesses, that means lower crude prices may not immediately translate into significantly cheaper diesel or other petroleum products.

Aramco reroutes crude shipments to Yanbu port: Report - Latest News from Saudi Arabia and the World

Aramco reroutes crude shipments to Yanbu port: Report – Latest News from Saudi Arabia and the World

Saudi production has already been severely affected

The current price decline also comes against a backdrop of substantial disruption to Saudi oil production and exports.

The International Energy Agency estimated that Saudi crude supply fell to around 6 million barrels per day in August, its lowest level in more than three decades. The IEA attributed the decline to attacks affecting oil infrastructure and shipping around the region.

The agency subsequently revised down its 2026 Saudi crude-supply forecast.

The U.S. Energy Information Administration likewise estimates that Middle Eastern crude production shut-ins averaged 6.7 million barrels per day in August, up from approximately 5 million barrels per day in July.

These figures illustrate why the market remains sensitive to any new attack or disruption even when prices are temporarily declining.

With 4 Million Barrels Daily: Saudi Arabia Surpasses Hormuz as Yanbu Changes the Game — Sabq

With 4 Million Barrels Daily: Saudi Arabia Surpasses Hormuz as Yanbu Changes the Game — Sabq

Market picture

Factor Current effect on oil
Saudi crude offered through Oman Reduces immediate supply fears
Damage to East-West pipeline Continues to constrain exports
Yanbu loading disruption Negative for available supply
Lower-than-expected U.S. inventory draw Puts downward pressure on prices
Low Strait of Hormuz traffic Maintains geopolitical risk premium
Tight diesel supplies Supports refined-fuel prices
Continuing Middle East conflict Creates risk of renewed price increases
Major Global Energy Lifeline Struck This Week - Caspianpost.com

Major Global Energy Lifeline Struck This Week – Caspianpost.com

What could happen next?

The direction of oil prices will depend heavily on whether alternative supply routes remain available and whether further attacks disrupt additional infrastructure.

For now, the market appears to be responding to evidence that Saudi Arabia can partially compensate for lost Red Sea exports.

However, this is not the same as a return to normal supply conditions.

The IEA has warned that disruptions in the Gulf and wider Middle East could keep global oil markets tight. The EIA’s September outlook also assumes that Middle Eastern oil flows will remain constrained through the fourth quarter of 2026, although it expects flows to gradually increase as shipping companies develop alternative routes.

That leaves the market particularly sensitive to three developments:

  1. Whether Saudi Arabia can sustain alternative shipments through Oman.
  2. How quickly the East-West pipeline can be repaired.
  3. Whether fighting around the Strait of Hormuz and Red Sea intensifies or eases.

Independent assessment

The latest decline in oil prices is primarily a supply-logistics story rather than evidence that the Middle East crisis has ended.

Saudi Arabia’s ability to redirect crude through Oman has reassured traders that at least some displaced barrels can still reach Asian buyers. Lower-than-expected U.S. inventory withdrawals have provided another bearish signal.

At the same time, oil remains above $100, tanker traffic through the Strait of Hormuz remains severely affected, Saudi production has been disrupted and diesel markets are experiencing extraordinary tightness.

The immediate supply panic has eased, but the underlying risk to global energy flows remains significant.

For consumers, refiners and governments, the key issue in the coming days will therefore be whether these alternative shipping arrangements develop into a sustained supply solution—or whether another disruption causes the risk premium in oil prices to rise again.

Sources

Reuters, Oil prices extend losses as fears of Middle East supply disruptions ease, 17 September 2026.

Reuters, Oil slips as Saudi Arabia offers more crude via Oman, 16 September 2026.

U.S. Energy Information Administration, Short-Term Energy Outlook, September 2026.

Reuters, reporting on Saudi supply, Asian diesel markets and Middle East disruptions.

General News

POLICE ARREST EIGHT SUSPECTS OVER ALLEGED ASSAULT AND FRAUDULENT ACTIVITIES IN KOTOKROM

Published

on

Eight suspects have been arrested by the police in connection with alleged assault and fraudulent activities in Kotokrom, as investigations continue into the circumstances surrounding the incident.

The arrest marks a significant development in the police investigation into the alleged criminal activities, with the suspects expected to assist investigators in establishing the facts surrounding the case.

According to the information available, the suspects are being linked to allegations of assault and fraud in the Kotokrom area. However, details regarding the exact nature of the alleged offences, the identities of the suspects and the circumstances leading to their arrest have not yet been provided.

The police are expected to investigate the allegations further to determine the individual roles, if any, played by the suspects in the reported incidents.

The development has once again drawn attention to concerns about public safety and the need for law enforcement agencies to respond promptly to allegations of violence and fraudulent conduct.

Meanwhile, the outcome of the investigation will be crucial in establishing what transpired and determining whether sufficient evidence exists to support criminal charges against those arrested.

The suspects are presumed innocent unless proven guilty by a court of competent jurisdiction.

Further details from the police, including the date of the arrests, the alleged victims, the methods reportedly used in the fraudulent activities and the possible charges, would help provide a clearer picture of the case.

Continue Reading

General News

UTAG-UG Threatens Strike Over Unpaid 2026 Book and Research Allowance

Published

on

The University of Ghana branch of the University Teachers Association of Ghana (UTAG-UG) has threatened to suspend teaching and related academic services from Monday, October 19, 2026, if the government fails to pay its members their 2026 Book and Research Allowance by Friday, October 16.

In a notice dated Friday, October 9, 2026, and sent to the National Labour Commission (NLC), the association expressed concern over what it described as continued delays in the payment of the allowance.

According to UTAG-UG, the delay amounts to a breach of the 2020 Memorandum of Agreement (MoA) between the association and the government. The agreement requires the allowance to be paid by the end of August each year.

The association has therefore given the government until October 16 to settle the outstanding payments, warning that failure to meet the deadline will compel its members to withdraw their teaching and other related services from the following Monday.

The notice was signed by UTAG-UG President, Dr Jerry Joe Harrison, and copied to the Fair Wages and Salaries Commission, the Ministers responsible for Employment and Labour Relations, Finance, and Education, as well as the Ghana Tertiary Education Commission and the national leadership of UTAG.

The planned industrial action could affect lectures and other academic activities at the University of Ghana if the government fails to pay the allowance within the stipulated period.

Continue Reading

General News

Ghana Records 1.3 Million International Arrivals in 2025 as Domestic Tourism Grows by 7%

Published

on

Ghana recorded 1,306,962 international visitor arrivals in 2025, representing a 1.4% increase over the previous year, while domestic visits to tourist sites rose by 7%, according to the Ghana Tourism Report 2025.

The report, produced by the Research, Monitoring and Evaluation Department of the Ghana Tourism Authority (GTA), provides an assessment of the country’s tourism performance, covering international and domestic tourism, visitor expenditure, tourism enterprises, regional development, visitor satisfaction and special tourism events.

The report, themed “Resilience and Sustainable Growth,” highlights the sector’s gradual progress while identifying challenges that require attention to ensure tourism contributes more significantly to Ghana’s economic development.

It emphasises the need to move beyond increasing visitor numbers towards improving tourism experiences, attracting higher-spending visitors, supporting local communities and protecting the country’s natural and cultural heritage.

International Arrivals Increase Despite Decline in Visitor Spending

Ghana recorded 1,306,962 international arrivals in 2025, marking a 1.4% increase compared with the previous year.

International visitors stayed in the country for an average of approximately 13 nights, while business affairs emerged as the leading purpose of travel, accounting for 31% of arrivals.

The figures underline Ghana’s position as a destination for business and commercial activities within the West African region.

However, the report identifies a decline in average international visitor expenditure as a concern for the sector.

Average expenditure fell from US$3,742.98 in 2024 to US$3,319.90 in 2025, suggesting that the increase in visitor numbers did not translate into higher average spending per visitor.

The report consequently highlights the importance of attracting higher-value visitors and developing premium tourism experiences capable of generating greater economic returns.

Domestic Tourism Records 7% Growth

Domestic tourism emerged as one of the strongest-performing areas of Ghana’s tourism sector in 2025.

According to the report, the country recorded 1,793,797 visits to 55 tourist sites, up from 1,681,985 visits in 2024, representing a 7% increase.

Residents accounted for 84% of the visits, making Ghanaians the largest group visiting the attractions covered by the report.

The growth highlights the importance of domestic tourism in sustaining the industry, supporting businesses and creating economic opportunities in communities across the country.

Domestic visitors contribute to local economies through spending on transportation, accommodation, food, entrance fees, souvenirs, entertainment and other tourism-related services.

The report therefore identifies domestic tourism as an important pillar of resilience, particularly because it can help sustain tourism businesses while spreading economic benefits to destinations beyond the country’s main international tourism centres.

Top 10 Tourist Sites Account for 77% of Visits

Despite the growth recorded in domestic tourism, visitor activity remains concentrated in a relatively small number of destinations.

The report indicates that the top 10 tourist sites recorded 1,377,588 visits, representing approximately 77% of total visitation to the 55 sites covered.

The Kwame Nkrumah Memorial Park emerged as the most visited attraction, recording 302,523 visits in 2025.

Other leading attractions included Kakum National Park, Bunso Arboretum, Cape Coast Castle, Manhyia Palace Museum, Kumasi Zoo, Accra Zoo, Elmina Castle, Shai Hills Resource Reserve and Aburi Botanical Garden.

The concentration of visits in major destinations, particularly in Greater Accra, Central, Ashanti and Eastern Regions, points to opportunities for expanding tourism in less-visited parts of Ghana.

Differences in infrastructure, accessibility, destination visibility and visitor demand are identified as factors that may contribute to the uneven distribution of tourism activity.

Expanding tourism infrastructure and promoting lesser-known attractions could help create new tourism destinations, increase regional participation and distribute the benefits of the industry more widely.

Tourism Businesses Increase to 7,109

The formal tourism business sector also recorded growth in 2025.

The number of licensed tourism enterprises increased from 6,702 in 2024 to 7,109 in 2025, reflecting an expansion in the businesses operating within the sector.

The enterprises include accommodation facilities, food, beverage and entertainment businesses, as well as travel-trade establishments.

Travel-trade enterprises recorded particularly strong growth of 18.6%, while the entertainment and conference segment expanded by 14.3%.

The increase points to growing private-sector participation in tourism and the expanding range of services available to visitors.

Tourism enterprises also play an important role in employment and income generation, particularly for people working in hospitality, transportation, tour operations, entertainment and related services.

Festivals and Special Events Boost Tourism

The Ghana Tourism Report 2025 also highlights the contribution of special events to visitor numbers and economic activity.

Among the events covered are the Kwahu Easter Paragliding Festival, PANAFEST and Emancipation celebrations, and December in GH.

The Kwahu Easter Paragliding Festival attracted visitors, including young people, and contributed to activity in accommodation and other hospitality businesses in the Eastern Region.

PANAFEST and Emancipation celebrations also attracted Ghanaian residents and international visitors, reinforcing the role of heritage and cultural events in promoting Ghana as a destination for cultural tourism.

December in GH recorded strong participation and positive visitor experiences, demonstrating the importance of seasonal events in attracting visitors and stimulating economic activity.

The report’s findings underscore the potential of festivals and cultural programmes to support businesses, promote Ghanaian heritage and create opportunities for tourism development in host communities.

Ghana Records 18 Cruise Ship Calls

Cruise tourism remained a smaller but potentially significant segment of the industry in 2025.

Ghana recorded 18 cruise ship calls involving 5,488 passengers, with vessels arriving through the ports of Takoradi and Tema.

Although the numbers remain modest compared with the country’s total international arrivals, cruise tourism presents opportunities to introduce visitors to Ghanaian heritage sites, cultural experiences, local crafts and coastal attractions.

Developing this segment could create additional opportunities for tour operators, transport providers, craft sellers and businesses located near major attractions and ports.

Visitor Satisfaction Remains High

The report also highlights positive international visitor perceptions of Ghana.

Ghanaian friendliness received a satisfaction rating of 99%, while airport facilities and airport formalities each recorded 98%.

These findings point to hospitality and the airport experience as important strengths of the country’s tourism offering.

Maintaining high service standards across the tourism value chain will be important for encouraging repeat visits, strengthening Ghana’s international reputation and improving the overall experience of travellers.

The report also suggests that tourism development must continue to prioritise service quality alongside efforts to attract more visitors.

Sustainable tourism development is another key focus of the report.

It highlights the importance of ecotourism, community-based tourism and the preservation of Ghana’s cultural and heritage assets.

The approach recognises that tourism must generate economic and social benefits without damaging the natural environment and cultural resources that attract visitors.

Community-based tourism can also provide opportunities for residents to participate directly in tourism activities and benefit from the income generated by visitors.

Protecting heritage sites, natural attractions and local traditions is therefore essential to ensuring that tourism growth remains beneficial in the long term.

Overall, the Ghana Tourism Report 2025 presents a sector recording growth in domestic visits, international arrivals and licensed tourism enterprises, alongside high visitor satisfaction.

However, the decline in average international visitor expenditure and the concentration of visits in a limited number of tourist sites remain important concerns.

The findings point to the need for improved tourism infrastructure, greater accessibility to emerging destinations, stronger promotion of lesser-known attractions and the development of experiences that encourage visitors to spend more.

Expanding domestic tourism and supporting businesses in local communities could also help distribute the sector’s economic benefits more evenly across the country.

The report ultimately places emphasis on a tourism development approach that prioritises not only visitor numbers but also employment creation, private-sector growth, community participation, cultural preservation and environmental protection.

The overview was prepared by Worklatsi John Edem, an intern at the Corporate Affairs Department of the Ghana Tourism Authority.

Continue Reading

General News

GTA Media List: First Six Names Identified as Checks Continue

Published

on

The first six names and their corresponding identification numbers have been identified from the document being examined by Kpdonline.net as part of its ongoing checks into the list of media personnel linked to the controversy.

The names are:

  1. Antwi-Otoo Timothy – N02936904
  2. Winston Kofi Amoah – G5185961
  3. Anyetei Philip Nii Nai – G4233096
  4. Titi Regina – G3358459
  5. Mawuli Innocent – G445299
  6. Amoh Andrew Akwasi – G4077941

The identification of these six individuals adds to the ongoing examination of the document, which Kpdonline.net says indicates that the list covers more than the two media personnel previously mentioned by the Ministry.

Kpdonline.net is continuing its checks on the remaining names in the document to establish their professional affiliations and determine whether they work in traditional media, digital content creation, blogging or other areas of online content production.

Further details are expected as the checks continue.

Continue Reading

General News

Andy Dosty Denies Involvement in Alleged World Cup Visa Scandal

Published

on

Ghanaian media personality and disc jockey Andy Dosty has denied involvement in an alleged visa fraud scandal linked to the submission of media personnel names to the United States Embassy ahead of the 2026 FIFA World Cup.

Speaking in a phone interview on Asempa FM, Andy Dosty questioned how his name appeared on a list of 50 individuals reportedly submitted by the Ghana Tourism Authority (GTA) as media personnel expected to participate in activities related to the tournament.

He maintained that he was not part of the World Cup delegation and had no dealings with the Ghana Tourism Authority or the National Sports Authority (NSA) regarding a visa for the competition.

The development follows concerns raised by the Minority in Parliament over the list submitted to the US Embassy. According to the Minority, only two of the 50 individuals were verified as professional media practitioners, while the remaining 48 allegedly lacked demonstrable professional media backgrounds.

The Ranking Member of Parliament’s Select Committee on Sports, Vincent Asafuah, said the issue emerged after the US Embassy’s Fraud Prevention Unit conducted due diligence and verification on the names submitted by the GTA.

“Of the 50 names submitted, only two persons, Philip Narh and Andy Dosty, both associated with Multimedia, were identified as media practitioners,” Asafuah stated.

Andy Dosty expressed surprise at his inclusion on the list, explaining that he had not participated in the preparations for the World Cup delegation.

He suggested that his name might have been included because of his relationship with Nana Gyimah, the Chief Executive Officer of Tribe Culture Fest, whose company has also been mentioned in connection with the controversy.

According to the broadcaster, Gyimah had been his friend for approximately four years and was the person he usually contacted whenever he needed assistance with renewing his visa for international travel.

Andy Dosty said he contacted Gyimah around March 2026 to renew his visa, but the process was delayed because Gyimah was working on the NSA’s list and had put his request aside.

“Somewhere around March, I asked him to renew my visa, but he delayed because he was working on the NSA’s list, so he had put mine aside. I kept waiting, but he did not attend to it for me,” he explained.

He further disclosed that months later, while he was in London, Gyimah asked him to contact the Chief Executive Officer of the Ghana Tourism Authority because the authority was compiling a list.

The request prompted him to question how his name could have appeared on the World Cup media list when he had not been involved in the preparations or been part of the delegation.

“I was somewhere in London when he asked me to call the CEO of the GTA. I asked him what was happening, and he explained that they were putting a list together. I then asked how I could have ended up on that list because I was not part of what they were doing. I was not part of the World Cup delegation,” he said.

Andy Dosty denied that his visa application was connected to the tournament and challenged anyone who doubted his account to verify the circumstances surrounding the issuance of his US visa directly with the American Embassy.

“Anybody can go to the US Embassy and verify how I obtained my US visa. It had nothing to do with the World Cup, the GTA or Tribe,” he stated.

The Minority in Parliament has questioned the process used to compile and submit the list, raising concerns about the professional backgrounds of the individuals reportedly presented as media personnel for activities surrounding the 2026 FIFA World Cup.

Vincent Asafuah’s concerns centre on the reported findings of the US Embassy’s Fraud Prevention Unit, which allegedly identified only Andy Dosty and Philip Narh, both associated with Multimedia, as professional media practitioners among the 50 names submitted by the GTA.

@asempa_fm

How did I appear in the conversation that I was part of the media list to the World Cup? How I got my visa was not at the expense of the NSA. I am pained to hear my name in public in a way that could defame my name. — Andy Dosty #Sportsnite

♬ original sound - ASEMPA FM - ASEMPA FM

Continue Reading

Trending