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.

vital information

The Mail & Guardian’s essential coverage of the ongoing coronavirus crisis is free to read for everyone.

If you would like to support us, please consider taking out a subscription.

Latest

Stern warning against Covid greets Mthembu’s death

The ANC has slammed conspiracy theorists and cautioned against showing complacency towards the deadly virus

Lala ngoxolo Mvelase Jackson Mthembu

In his announcement, President Cyril Ramaphosa called the late minister ‘a life-long champion of freedom and democracy’

Secret meetings with Zuma could sink Mkhwebane

An alleged string of lies about Mkhwebane’s meeting with the former president in her contentious R3.2-billion Absa report has the public protector in a legal wrangle

Press Releases