Latest articles on Oil Prices

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’

Saudi tensions could increase SA fuel prices

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

​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.

​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.

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.

Low oil prices put traders in clover

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

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.

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.

Big bucks drive oil pipe sabotage in Niger Delta

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

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.

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.

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.

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.

Reserve Bank moves cautiously on interest rates

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

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.

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Latest

The living nightmare of environmental activists who protest mine expansion

Last week Fikile Ntshangase was gunned down as activists fight mining company Tendele’s expansions. Community members tell the M&G about the ‘kill lists’ and the dread they live with every day

Durban city manager says NPA erred in his bail conditions

The corruption-fraught metro is coming to grips with having a municipal manager who is on bail for graft, yet has returned to work

SA justice delays extradition of paedophile to UK

Efforts to bring Lee Nigel Tucker to justice have spanned 16 years and his alleged victims have waited for 30 years

Press Releases

Itec serves up high-tech integrated surveillance system for family food company

The system includes facial recognition software and a thermal screening solution that will provide instant temperature screening of all employees

Transport Month

An infrastructure-led recovery will help to stimulate demand in the South African economy, which is vital post the Covid-19 pandemic

Limpopo’s Economic Recovery Plan to fight Covid-19 impact

Billions have been set aside to help farmers and industries get back on their feet as part of the Limpopo Socio-Economic Recovery Plan

Disrupt the corrupt

Whistle-blowers should be seen as real heroes in the fight against corruption and we need a change in culture for this to happen

Corporates: A force for good for a sustainable future

In order to see people and nature thrive what is required is a strong focus on partnerships – we cannot act alone anymore

Combatting wildlife crime in Southern Africa activity annual programme statement (APS) No. 04

Concept papers are sought for implementating activities, for a multi-faceted programme that aims to reduce poaching and illegal trade in wildlife

The financial decisions made during your life journey, and their impact on your retirement outcome

The longer you save towards retirement the larger your retirement savings are expected to be due to the effect of compounding interest

In conversation with SA Reserve Bank Governer, Lesetja Kganyago

'Make interest rates zero and inflation goes up and then people save less – we need savings to fund investment in this country'

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