Oil slips as record US production undermines OPEC+ supply cut

2019-01-17 12:29

Oil retreated below $52 a barrel as data showing record US crude production suggested markets may remain oversupplied despite output cuts by OPEC and its allies.

Sasol Oil wins appeal against Tax Court, it won't have to pay R1.3bn to SARS

2018-11-09 22:24

The Supreme Court of Appeal has upheld Sasol Oil's appeal against a Tax Court ruling.

Crude dips lower as equities decline ahead of Trump tariff talks

2018-03-22 16:57

Crude has taken a turn lower amid an equity selloff largely pinned to concerns over a trade war with China.

Brent oil jumps above $65 for first time since 2015 on pipe halt

2017-12-12 07:51

Global benchmark Brent crude has jumped above $65 a barrel for the first time in 2 1/2 years after one of the most important pipelines in the world was shut because of a crack.

Minister denies CEF board suspension

2017-08-01 15:51

Energy Minister Mmamoloko Kubayi has denied that she had suspended the Central Energy Fund's board members.

Crude rebounds as Iran positive before OPEC meet

2016-11-30 10:24

Oil has climbed as Iran said it has good expectations for a make-or-break OPEC meeting on stabilising the crude market.

Crude glut belies risk from OPEC's dwindling output cushion

2016-09-16 08:18

As most of the world focuses on how unfettered oil production will weigh on prices, a few say a rebound is on the cards as the market starts to reflect a growing risk of shortages.

Crude prices fall in Asia but Brent stays above $40

2016-03-08 09:49

Oil prices have dipped in Asia but Brent crude stayed above $40 a barrel, as traders took profits after solid gains over the past three weeks.

Oil prices dented by uncertain global outlook

2015-09-22 14:08

Crude oil prices have fallen, reversing a steep rally the previous day, under pressure from uncertainty on whether global demand will be enough to erode high surplus.

EU freezes assets over oil to Syria

2014-07-23 17:32

The EU has frozen the assets of two oil- trading firms accused of organising covert shipments of oil to Syria.


Trade angst revival rattles emerging-market optimists

2018-12-08 12:30

Emerging-market stocks retreated as the arrest of Huawei’s chief financial officer and mixed messages from the Trump administration rekindled concern over a US-China trade war.

Bahrain just announced its biggest oil discovery in decades

2018-04-06 07:51

Halliburton will evaluate how much oil is actually extractable.

Oil stalls below $60 with resumption of Libya pipeline in sight

2017-12-28 07:52

Crude has slipped for the first time in more than a week following reports that a damaged Libyan pipeline should be repaired next week.

Energy Minister wants assurance on KPMG analysis of oil sale

2017-09-20 19:06

A probe into South Africa's sale of 10 million barrels of crude oil reserves in 2015 may be delayed after Energy Minister Mmamoloko Kubayi expressed concern that KPMG conducted a a key financial analysis in the probe.

Crude rally lifts commodity currencies, bonds rise

2016-12-28 14:01

Oil has traded near the highest level since July last year while New Zealand’s dollar rose the most among major currencies. European bonds advanced.

MPs slam Department of Energy

2016-11-08 18:35

The Department of Energy came under fire from MPs who called the department non-transparent and disorganised, despite receiving an unqualified audit.

Crude below $42 keeps stock bulls at bay

2016-08-11 10:09

An air of caution has been evident in financial markets as oil retreated for a third day amid signs of a glut.

Brent trades near $32 as focus turns to Tehran

2016-02-17 09:28

Brent oil has traded near $32 before a meeting between Iraq and Iran in Tehran after Saudi Arabia and Russia agreed to freeze production at near record levels.

Alec Hogg: 3 reasons crude won't soon go back to $100

2015-04-13 14:33

It’s always dangerous to make a “this time it’s different” call, but with the crude oil price there are some good reasons to consider it may now be true.

Global oil prices rise on Iraq violence

2014-06-12 15:55

Brent crude oil climbed on worries that escalating violence in Iraq could disrupt oil supplies from the major Opec exporter.

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