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Massive rise in petrol price expected

Massive rise in petrol price expected

24 Aug 2012 10:22 - Thalia Randall
South Africans may face a petrol price hike of up to 78 cents a litre next month, according to ETM Analytics managing director George Glynos.
French outfit hunts for oil, gas off KZN coast

French outfit hunts for oil, gas off KZN coast

27 Jun 2012 08:51 - Sapa
A French exploration company is planning to hunt for oil and gas in a 121 000 square kilometre area off the KwaZulu-Natal coast next year.

Clean energy crucial for poor countries

05 Apr 2012 00:00 -
Oil importing costs have outweighed overseas financial aid received by developing countries in Africa, highlighting why Africa needs clean energy.
Barrelling down the wrong track

Barrelling down the wrong track

09 Mar 2012 10:57 - Jeremy Wakeford
Any infrastructure plans that are based on oil dependency should be scrapped and replaced with sustainable alternatives.

Oil inches closer to $102 ahead of EU debt summit

08 Dec 2011 13:39 - Alex Kennedy
Oil prices have moved higher to almost $102 a barrel in Asia in anticipation of Europe's interest rate decision and debt crisis summit.

Oil price spikes on improved outlook

11 Nov 2011 14:33 - Lisa Steyn
Global oil prices have surged almost 30% from an eight-month low of $75 a barrel indicating a surprising improvement in global economic expectations.

Oil drops sharply after Bin Laden death

02 May 2011 14:03 - Christopher Johnson
Oil prices fell more than 3% on Monday after United States forces killed al-Qaeda leader Osama bin Laden on Sunday night.

Oil near $112 amid slowing US economic growth

29 Apr 2011 07:42 - Alex Kennedy
Oil prices fell to near $112 a barrel on Friday in Asia as slowing US economic growth blunted crude's 33% gain over the past two months.

Precious metals rise on lingering economic fears

21 Apr 2011 07:14 - Staff Reporter
Gold and silver prices rose on Wednesday as investors continue to worry about inflation and how the US and Europe will deal with their financial woes.

Oil falls on Libya, Goldman Sachs demand warning

12 Apr 2011 07:31 - Chris Kahn
Oil fell on Monday after Muammar Gaddafi appeared to accept a cease-fire plan, increasing the chances that Libyan crude will return to world markets.
Reserve Bank worried about oil, food prices

Reserve Bank worried about oil, food prices

15 Mar 2011 10:44 - Staff Reporter
The South African Reserve Bank remains concerned about the effects of rising oil and food prices on the outlook for inflation, Gill Marcus says.

How rising oil prices could affect us

25 Feb 2011 00:00 - Fiona Zerbst
South Africa's been cushioned from the effect of oil-price hikes during the past two years. But what if the devaluation trend re-emerges?

Oil breaks through $103 on Egyptian crisis

03 Feb 2011 07:58 - Staff Reporter
World oil prices extended their gains in Asian trade on Thursday after the political crisis in Egypt erupted into violence.

Oil price surges on Egypt turmoil

31 Jan 2011 19:05 - Staff Reporter
Oil topped $100 per barrel on Monday for the first time since 2008, as traders fretted over violent unrest in Egypt.

Oil hits two-year high

09 Nov 2010 15:15 - Staff Reporter
Crude oil futures extended recent gains with New York prices striking fresh two-year peaks, as the International Energy Agency forecast steady demand.

SA consumers in for a rough ride

08 Jun 2009 14:26 - Ilham Rawoot
SA consumers are in for a rough ride and can expect to be hit by the cost of petrol and electricity and pretty much anything packaged in plastic.

Oil prices could soar when economic crisis eases

25 May 2009 09:29 - Staff Reporter
Energy ministers from G8 countries on Sunday heard that oil prices could again soar when the global economic crisis eases and demand returns.

Oil prices drop as US recovery hopes wane

14 May 2009 12:33 - Pablo Gorondi
Oil prices fell to below $57 a barrel on Thursday as weak US retail sales and housing figures dampened optimism about an economic turnaround.

Oil rises towards $60 on US drawdown

13 May 2009 10:01 - Staff Reporter
Oil rose towards $60 a barrel on Wednesday after US inventory data showed an unexpected drawdown.

Oil slips on weak global demand

09 Jan 2009 14:44 - George Jahn
Worries about global economic growth and expectations of a weak US jobs report pushed oil prices lower on Friday.

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