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oil price

Explainer: What forces will shape South Africa’s economy in 2023?
Business
/ 5 January 2023

Explainer: What forces will shape South Africa’s economy in 2023?

Economy hitting geopolitical tensions, pressure on consumers and load-shedding will likely stick around

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Nigeria’s economy short circuits despite oil gains
Business
/ 6 April 2022

Nigeria’s economy short circuits despite oil gains

Africa’s largest oil producer has not been able to cash in fully on the price rally because of lacklustre production and its reliance on imported fuel

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Sasol on ‘rollercoaster’ ride to a green future
Business
/ 4 October 2021

Sasol on ‘rollercoaster’ ride to a green future

Fleetwood Grobler, the petrochemical giant’s chief executive, says the company is transitioning from coal to gas and eventually to hydrogen.

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Petro states: What happens when 30% of your national budget disappears in a decade?
Africa
/ 12 June 2021

Petro states: What happens when 30% of your national budget disappears in a decade?

As the demand for oil shrinks and prices collapse, Africa’s petro states — the likes of Angola, Nigeria, Egypt and Equatorial Guinea — will be left with massive holes in their budgets

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