Oil drops to one-year low on concern supply cuts won't stem glut

2018-11-21 06:05

Oil tumbled below $53 a barrel for the first time in a year amid concern OPEC’s plans to cut production won’t be enough to stem a surge in stockpiles.

Oil traders say $100 coming as OPEC struggles to fill Iran gap

2018-09-24 13:15

Major oil trading houses predict the return of $100 crude for the first time since 2014

Russia backs OPEC oil output hike

2018-06-23 16:11

Russia on Saturday joined partner countries in backing an OPEC-led pledge to boost oil production in response to growing global demand, Angolan Oil Minister Diamantino Azevedo said.

Asia energy firms dive with oil, Trump-Kim hopes provide optimism

2018-05-28 07:32

Energy firms plunged with oil prices in Asia after Saudi Arabia and Russia signaled they could lift output, while indications Donald Trump's summit with Kim Jong Un could be back on provided support to equity markets.

Sasol disbands debt-ridden BEE scheme, launches replacement

2017-09-20 07:54

Sasol has announced that it will disband its black economic empowerment scheme Sasol Inzalo, which has been struggling to repay third-party debt.

Oil market watchers stay stubbornly bearish

2016-10-07 10:13

Oil pessimists are sticking to their guns even after the market rallied against them in the aftermath of the Organisation of Petroleum Exporting Countries output deal.

Nigeria emerges as front runner for OPEC boss

2016-06-01 10:05

A Nigerian oil technocrat has emerged as front runner to take the top job at OPEC, with members seeing Mohammed Barkindo as a rare compromise candidate to lead the group.

There’s a new world order to talk about at Davos of Energy

2016-02-19 14:16

The Saudis may go public, OPEC’s in disarray, the US is suddenly a global exporter, and shale drillers are seeking lifelines from investors as banks abandon them.

Stressed oil firms turn to junk bonds, bankruptcy

2015-03-22 11:00

The oil price crash is taking a financial toll on companies throughout the industry, forcing some into bankruptcy and others to issue expensive junk bonds to stay afloat.


Clem Sunter | Breaking Futures: The latest attack on Saudi Arabia is a game-changer

2019-09-16 12:39

A war between America and Iran could escalate beyond the borders of Iran and Saudi Arabia and have an enormous impact on the oil market. We are at a tipping point where things cannot go on as they are, writes Clem Sunter.

Saudi stocks lead gulf drop as Aramco IPO confirmed: Inside EM

2018-10-07 16:32

Saudi Arabian equities retreated the most in the Middle East, even after Crown Prince Mohammed bin Salman said the kingdom’s plan to overhaul its oil-dependent economy is on track. All other major stock gauges in the region also fell.

Oil recovers in Asia trade after slumping to 3-month lows

2018-07-17 08:01

Brent crude recovered in Asian trade after plunging more than 4% to three-month lows on concerns over increased production and reports the US could tap into strategic reserves.

OPEC on tightrope as output target talks prompt clash

2018-06-22 16:36

OPEC energy ministers scrambled to hammer out a compromise on oil output policy Friday as they debated a Saudi proposal to ramp up production.

Sasol's upgraded R13.6bn wax plant to boost SA's industrialisation

2018-02-06 17:09

Sasol’s new improved R13.6bn wax plant in Sasolburg will make South Africa one of the world’s leading wax producers and contribute to industrialisation in the country.

Oil: In need of investment

2017-01-10 16:02

In the Pessimist's Guide to 2017, finweek explains why investment in new oil fields needs to show significant improvement this year if the sector is to meet global demand by 2020.

Nigeria risks renewed oil supply curbs

2016-10-04 08:14

Dozens of tanks and 3 000 more troops have joined existing forces in a sign the government is pulling out the stops to quell a new wave of violence in Nigeria.

No guarantee of oil deal at Doha talks

2016-04-15 14:37

Major oil producers are meeting this weekend to try to negotiate an output freeze to drain crude oversupply and boost prices, but doubts remain on Iran's buy in.

PetroSA ends CEO's contract after probe

2015-10-30 21:00

State oil company PetroSA has terminated its chief executive officer's contract, after placing her on special leave alongside two other executives.

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