Opec
latest news & developmentsFuel prices to fall sharply, driven by lower global oil markets
From 7 January, 93-grade unleaded petrol will decrease by 62 cents a litre while 95-grade petrol will cost 66 cents less
Petrol price to fall by 28 cents from 6 August, diesel to rise
From Wednesday, 95-grade unleaded petrol will cost R21.59 per litre in Gauteng and R20.76 in coastal areas
South Africa’s petrol, diesel, paraffin and gas prices to ease from Wednesday
The mineral and petroleum resources department attributed this to a lower average Brent crude oil price and firmer rand during the period under review
Teeny steps taken at COP28 to move away from fossil fuel
From a promising start to a timid end, this year’s Conference of the Parties hasn’t delivered enough This content is restricted to registered users and subscribers. Get Your Free…
Inflation eases again in September
But prices are expected to remain higher for longer in the wake of a tighter oil market
Inflation, recession and Opec+: What is in store for consumers?
‘The worst is yet to come,’ the IMF said about the global economy this week. But, for now at least, South Africa’s inflation looks to be subsiding
Petrol jumps over R20 a litre inland
Ahead of travel season, Wednesday’s fuel price hike will push the price of petrol – around R19.50 a litre – to above R20 in Gauteng and other inland provinces
Oil volatile amid cartel crisis
The breakdown of the oil-producer alliance could cause already high prices to spike
Your guide to surviving 2019
Here’s our round-up of the outlook for electricity, taxes, fuel, wages and the economy
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
Qatar to quit Saudi-dominated OPEC in 2019
The decision was ‘technical and strategic’ and had ‘nothing to do with the ‘blockade’, says Energy Minister Saad al-Kaabi
Business interruption due to a breach is top cyber risk concern: Aon Global Cyber Benchmarking Report
The petrol price could drop by about R1.50 a litre, if not more, in December
Europe’s energy giants reap benefits of oil price surge
Rising oil prices can push up inflation, but first, they translate into rising revenues and profits for energy majors and producer nations
Saudi tensions could increase SA fuel prices
A rapid price hike will result in South Africans paying more for food and transport.
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.