Fuel prices a sore thumb for businesses, consumers

2019-04-17 20:40

Higher fuel prices have driven up March inflation, and economists expect inflation to tick up even more in coming months.

Oil price 'now controlled by just 3 men'

2018-11-18 20:45

The Organisation of the Petroleum Exporting Countries has lost what control of the oil market it ever had, is the view of Julian Lee.

This is how the petrol price nearly doubled the past ten years - including a 165% increase in tax

2018-10-01 18:08

South African petrol prices will increase to a record-breaking R17.08 inland this week - up from R9.41 in October 2008.

Oil majors wary of investing in volatile era

2018-07-27 15:22

Crude prices are surging, and oil majors are cashing in.

Ramaphosa talks soaring oil prices with Saudi King

2018-07-12 19:52

In a bid to arrest soaring oil prices, South Africa has urged Saudi Arabia to increase oil production.

Why SA must secure oil refining capacity - and how it must be done

2017-07-19 08:00

If South Africa were to build a new oil refinery it needs to be in the right location and able to produce clean fuels according to the latest specifications, says an oil and gas analyst.

Secret oil sale yielded even less than stated R5bn

2016-09-26 15:21

The auditor general has found the sale of South Africa's strategic fuel stock to be unlawful and negligent.

Cheap oil: Chevron slashes investments

2015-02-01 10:57

Chevron has slashed $5bn from its investment budget and shut down its share buyback programme as the crude price plunge rocked industry powerhouses.

Don't get your hopes up on oil price drop

2015-01-26 10:58

The finance minister will probably use the low oil price as one reason to foist some R15bn of additional taxes on us on next month’s budget day, says Edward West.

The oil rout and SA

2015-01-08 07:31

Don't think we can dodge the bullet if things go pear shaped, says Leopold Scholtz.


Petrol to go up by 7c/l in February

2019-02-01 16:42

The Department of Energy has announced price increases for petrol and diesel for the month of February.

Iran sells oil on exchange in bid to counter sanctions

2018-10-29 10:17

Iran sold oil to private buyers through its energy exchange for the first time on Sunday, as part of its efforts to counter the imminent return of US sanctions.

Radebe: State had to subsidise September fuel price

2018-09-09 06:21

Government had little choice but to subsidise this month’s petrol price increase, a decision that preceded the announcement of South Africa slipping into a recession, Energy Minister Jeff Radebe said this week.

Shell says Q2 profit soars $6bn on high oil price, disposals

2018-07-26 18:50

Royal Dutch Shell said Thursday that net profits quadrupled in the second quarter, energised by rising oil prices and Asian asset sales.

Saudi Arabia calls for oil producers to extend cooperation

2018-01-21 15:30

Top oil exporter Saudi Arabia called for extending cooperation between OPEC and non-OPEC producers beyond 2018, after a deal to cut output succeeded in shoring up prices.

Perfect storm brewing for petrol price, repo rate shock

2017-04-11 13:26

South Africans could see the petrol price rising by about 70c a litre next month, while SARB might have to move from a repo rate cut to a hike, says economist Kevin Lings.

Sasol profit to drop 30% on R11.5bn charges, lower oil price

2016-06-06 08:00

Sasol says full-year profit will drop as much as 30% as it has been hurt by lower crude prices and it booked R11.5bn of impairments on its share of a shale-gas asset in Canada.

Opec oil output rises as members stand firm

2015-01-30 20:00

Opec's oil supply has risen this month due to more Angolan exports and steady to higher output in Saudi Arabia and other Gulf producers.

Plunging prices threaten UK's 'cash cow' oil industry

2015-01-25 11:30

With oil prices tumbling, Britain's North Sea oilfields face a struggle for survival, threatening a vital source of income and energy.

US stocks dip as Greece uncertainty weighs

2014-12-30 17:35

US stocks were slightly lower in early trade, falling with European equity markets on political uncertainty in eurozone member Greece.

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