Crude Oil

Swiss-based commodities trading house Mercuria and Italian oil and gas major Eni have agreed to set up a joint venture (JV), the companies said on Wednesday, reflecting a trend for trading... 

Financial services firm Absa’s Purchasing Managers’ Index (PMI) declined from 50.8 in May to 47.3 index points in June. The sharp decline in the PMI’s purchasing price index by 13.5 points to 71.3... 

India has swung to buying Russian crude oil and coal to bolster its energy supplies after flows were disrupted and prices rose during the Iran conflict. The world's third-largest oil importer is... 

Middle Eastern crude oil markets could come under further pressure if the Strait of Hormuz reopens on Friday following the US-Iran interim deal, releasing-millions of barrels of oil stranded in the... 

Wet weather and a power outage at a major oil sands producer have contributed to crude export supply tightness out of Western Canada, which could tighten supplies to the key Cushing storage hub in... 

The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) declined further by 7.7 index points in April before recovering by 0.5 index points to 124.1 in May.... 

India is considering Canada as a potential crude oil supplier, High Commissioner Dinesh Patnaik said on Wednesday at the Global Energy Show in Calgary, Alberta, adding that the country's newer... 

As global trade conditions are factoring in the effect of the war in the Middle East, especially as it impacts international crude oil prices, these exogenous developments not only affect crude oil... 

During the most recent energy crisis – triggered by attacks by the US and Israel on Iran that resulted in the near closure of the Strait of Hormuz energy corridor ahead of a tenuous ceasefire – one... 

European and Asian refiners are paying record high prices of near $150 a barrel for some crude oil grades, far exceeding prices for paper futures, highlighting the worsening supply crisis from the... 

Nigeria's Dangote refinery, Africa's largest, has increased exports of gasoline and urea to African countries hit by supply disruptions caused by the Iran war, its owner Aliko Dangote said on... 

The World Bank Group has warned that the ongoing conflict in the Middle East is placing increasing pressure on global commodity markets and supply chains, with emerging market economies already... 

In our weekly Energies Briefing to our clients on February 20, 2026, we noted that, “…it would seem that war is imminent, with [US President Donald] Trump threatening ‘really bad things’ by the... 

Neutralising Iran could make crude oil much cheaper because the threat posed by Tehran imposed a "terror premium" that inflated global oil prices for decades, a top White House adviser said in a... 

Energy market intelligence company S&P Global Energy says the 17-million-barrel-a-day reduction in crude oil and refined product supply available to the market from March 1 to 11 represents the... 

With 15-million barrels a day of Gulf supply suddenly offline, global oil demand will need to fall to rebalance the market, a process that could require prices to reach $150/bbl, new analysis by... 

On March 4, the price of 93- and 95-octane petrol will increase by 20c/ℓ, diesel with a sulphur content of 0.05% will increase by 62c/ℓ, diesel with a sulphur content of 0.005% will increase by... 

In this article, South African offgrid electric vehicle (EV) charging infrastructure developer Zero Carbon Charge co-founder and chairperson Joubert Roux writes about the renewed use of oil as a... 

South Africa recorded a preliminary trade balance surplus of R15.6-billion in October. This surplus was attributable to exports of R192.2-billion and imports of R176.6-billion, including trade with...