Oil Prices – The Mail & Guardian

/ 26 January 2024

Middle East crisis: Why aren’t oil prices much higher?

Lower prices are good insofar as inflation is concerned but they suggest that economic troubles lie ahead

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By Sarah Smit

Business

/ 19 October 2022

Inflation eases again in September

But prices are expected to remain higher for longer in the wake of a tighter oil market

By Sarah Smit

Business

/ 29 August 2022

Sasol betting big on natural gas

The company’s earnings have soar given the energy crunch caused by Russia’s war on Ukraine — and it’s betting on another fossil fuel to carry it into the future

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By Sarah Smit

Business

/ 24 August 2022

Inflation hits 7.8% – a level not seen since the global financial crisis

Labour unions have embarked on a nationwide strike over the high cost of living

By Sarah Smit

Business

/ 29 July 2022

‘Deal with the snake’ – Reserve Bank governor on SA being bitten by imported inflation

Lesetja Kganyago defended the bank’s inflation-targeting regime amid criticism that it will do little to cushion consumers against external shocks

By Sarah Smit

Business

/ 20 April 2022

Inflation again a hair’s breadth away from Reserve Bank’s upper limit

Consumer price inflation increased to 5.9% in March, up from 5.7% in February

By Sarah Smit

Business

/ 11 April 2022

Africa low on refineries, including oil-producer Nigeria

Because of their lack of oil refineries, African countries become vulnerable to fluctuations on global markets

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By Anathi Madubela

Opinion

/ 17 March 2022

Putin’s war is damaging the developing world

The rise in oil and food prices owing to Russia’s invasion of Ukraine is hitting poorer countries the hardest

By Jayati Ghosh

Business

/ 9 March 2022

Three more stages may be added to load-shedding if Eskom runs out of diesel at gas turbines

Fuel prices have soared in response to Russia’s invasion of Ukraine, putting South Africa’s power supply at risk

By Sarah Smit

Business

/ 8 April 2021

Why motorists are paying more for petrol

Steep fuel price hikes are the result of higher levies, which came into effect this week, as well as a turbulent international oil market

By Sarah Smit

Article

/ 12 April 2019

Elemental power is fuelling a new world order

Germany and China lead the way, and now South Africa is starting to see that renewable energy could be its ‘saviour’

By Sipho Kings

Article

/ 9 November 2017

Saudi tensions could increase SA fuel prices

A rapid price hike will result in South Africans paying more for food and transport.

By Thulebona Mhlanga

Africa

/ 6 January 2017

Libya, Nigeria may scupper oil price plan

Should Libya hit the target of 900 000 barrels a day, it would replace about one-third of the supplies being cut by other Opec nations.

By Reuters

Article

/ 27 June 2016

As Venezuela crumbles in financial disarray, so too does the pink tide of socialism

Many believed Chávez would lead the world from capitalism to socialism, but an over-reliance on oil has seen his leftist vision disintegrate.

By Staff Reporter

Article

/ 16 May 2016

Low oil prices: An opportunity to set democratic frameworks for governing oil resources

The more inclusive the consensus on how to manage oil resources in truly democratic
ways, the better for investors’ profit in the long term.

By Staff Reporter

Article

/ 14 April 2016

Low oil prices put traders in clover

Savvy energy industry executives have made a mint out of the current climate of volatility.

By Staff Reporter

Article

/ 23 March 2016

Tanker prices hint at receding global oil glut

Stockpiling barrels on ships would result in losses rather than bumper profits, indicating that the current surplus may not be as large as feared.

By Grant Smith

Article

/ 28 January 2016

Cheap oil pushes Saudi reform

Saudi Arabia is realising that it has to look to a future that does not depend solely on fossil fuel.

By Ian Black

Africa

/ 12 November 2015

Big bucks drive oil pipe sabotage in Niger Delta

Petroleum companies in the Niger Delta seek alternatives to the destructive and costly business.

By John Vidal and John Vida

Article

/ 22 August 2015

US oil production beats drill chill

The number of active oil rigs in the US, although down from 1 609 in October, rose by six to 670 last week, the third straight weekly gain.

By Staff Reporter

Article

/ 6 August 2015

Global oil price down amid glut and slow demand

Oil is trading in a bear market as expanding supplies and signs of slower economic growth in China fuelled a rout in commodities from gold to copper.

By Staff Reporter

Article

/ 2 July 2015

Oil prices recover as Iran talks, Greek crisis drag on

Oil prices recovered after Iran nuclear talks extended until July 7, despite uncertainty over the Greek financial crisis, analysts said.

By Staff Reporter

Article

/ 11 June 2015

Oil futures slump as Opec keeps pumping

Oil’s recovery from a six-year low has slowed amid speculation that global production will expand as prices rebound, prolonging a surplus.

By Angelina Rascouet

Article

/ 22 January 2015

Reserve Bank moves cautiously on interest rates

Inflation figures are good, but uncertainty over the oil price raises a question about interest rates.

By Staff Reporter

Article

/ 12 January 2015

Cheaper oil price will be a boon for poorer families

The petrol price has already dropped and, with a little time, the cost of food will be lower. But the oil price is likely to rise again, experts warn.

By Staff Reporter

Article

/ 8 January 2015

Sasol takes stock of oil price crash

The energy firm’s largest investment in the United States is likely to be in jeopardy if the current conditions prevail.

By Staff Reporter

Article

/ 19 December 2014

Global fall in oil prices affects Nigerian naira

Nigeria toughens currency trading curbs to slow down the depreciation of the naira following the collapse of global oil prices.

By Staff Reporter

Article

/ 18 December 2014

Commodity markets limp into 2015

Resource prices have plummeted this year, leaving some economies reeling in the aftermath.

By Staff Reporter

Article

/ 4 December 2014

Oil bonanza is not only good news

The fall in prices of commodities, which are South Africa’s lifeline, will offset lower fuel costs.

By Thalia Holmes

Article

/ 13 November 2014

Stakes high as US plays oil card

A ploy to soften up Russia and Iran might inflict collateral damage on its own shale industry.

By Larry Elliott

Article

/ 9 October 2014

Oil price plummets to three-year low

The oil price has fallen by more than 20% from June. Saudi Arabia responded by cutting its price further on low demand and increased shale production.

By Staff Reporter