Oil plunge springs relief for motorists at the pump with petrol price drop

2020-03-13 14:00

It's good news for South African motorists as the Automobile Association announced a decrease in petrol, in the midst of a massive oil price drop.

Here's how the oil price crash should lower the price of your food and debt

2020-03-10 16:17

The oil price dropped by as much as 22% on Monday due to a fall out between oil-producing nations.

Why Sasol crashed: The oil collapse could trigger a debt emergency

2020-03-10 06:15

Sasol needs oil at $35 per barrel or more to break even on its energy business, one analyst says. Right now oil is at around $36 – and some think it will drop much lower still.

AA projects fall in fuel prices for February as global oil price declines

2020-01-28 10:37

According to its projections, 95 Octane petrol will drop by around 13 cents a litre in February.

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 should survive its 95% crash - but may have to sell its disastrous US project

2020-03-12 18:07

Sasol lost 95% of its share price compared to a year ago predominantly due to its disastrous Lake Charles chemicals project and a low oil price.

Sasol steadier after crash, but it still faces a massive crunch

2020-03-10 09:56

It may need to hold a rights offer as it struggles with massive debt burden.

Oil crash | The biggest losers - and winners

2020-03-10 05:01

The crash in world oil prices Monday risks severely damaging revenues for crude producing countries and companies across the globe, while benefitting consumers through lower heating and motor fuel bills.

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.

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