OPEC (Organisation of the Petroleum Exporting Countries)

 
Your guide to surviving 2019
Your guide to surviving 2019
Chances are 2019 will be better than 2018, during which the economy contracted for at least two quarters. It is projected to grow, although not...
OPEC meets as Trump calls for oil taps to be kept on
OPEC meets as Trump calls for oil taps to be kept on
OPEC members and other oil-producing countries gather in Vienna on Thursday to discuss cutting output to prop up prices, as United States President...
Qatar to quit Saudi-dominated OPEC in 2019
Qatar to quit Saudi-dominated OPEC in 2019
Qatar will leave OPEC next month in order to focus on gas production, the Gulf state's new Energy Minister Saad al-Kaabi announced in a surprise...
A good reason to get tanked this Christmas
A good reason to get tanked this Christmas
There may be some early festive cheer in store for South Africans — the petrol price could drop by about R1.50 a litre, if not more, in...
Thank Donald Trump for fuel-pump bump
Thank Donald Trump for fuel-pump bump
Fuel levy increases, in part to fund the fiscus shortfalls brought about in the corrupt Zupta era, are bad enough. But now there’s the additional...
Europe's energy giants reap benefits of oil price surge
Europe's energy giants reap benefits of oil price surge
Anglo-Dutch energy giant Royal Dutch Shell, French peer Total and Spain's Repsol on Thursday logged surging second-quarter net profits on the back...
Saudi tensions could increase SA fuel prices
Saudi tensions could increase SA fuel prices
The recent political upheaval in Saudi Arabia will lead to South African motorists paying an additional 70 to 80 cents more for fuel in December....
Oil futures slump as Opec keeps pumping
Oil futures slump as Opec keeps pumping
Oil fell after the International Energy Agency said this year's price rally is under threat, with the biggest members of the Organisation of...
Mid-East oil urge surges as US shale pales
Mid-East oil urge surges as US shale pales
Saudi Arabia pumped almost a record amount of crude oil in March, leading the biggest surge in the Organisation of the Petroleum Exporting...
Sasol takes stock of oil price crash
Sasol takes stock of oil price crash
Many oil producers started feeling the pinch when oil dropped below the $80 mark in November. But, after oil hit a five-year low of $50 a barrel this...
Opec creates global shock waves
Opec creates global shock waves
Opec, the largest crude-oil cartel in the world, wanted others to feel its pain as oil prices collapsed.
Indonesian fuel hike under certain conditions
Indonesian fuel hike under certain conditions
Indonesia's parliament voted on Saturday to give the government authority to raise subsidised fuel prices under certain conditions, a move that...

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