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Topic - Oil Price
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Dec 15, 2014
Energy analyst EnergyQuest has warned state governments from investing in the proposed gas pipeline which would connect the Northern Territory to markets on the east coast of Australia, saying that it would hinder private investment. In November this year, the...
Dec 10, 2014
Oil-exporting countries heavily reliant on oil revenues and committed to large spending programmes were most likely to have difficulty accommodating low oil prices, Moody's Investors Service said on Wednesday. In its report ‘Global oil price volatility: Oil-exporting...
Dec 04, 2014
Nigeria has slashed the oil price assumed in its 2015 budget by 11% to $65 a barrel from $73, in light of lower world oil prices, a Finance Ministry spokeswoman said on Thursday. It was the second time in a month the benchmark has been cut, after initially being...
Oct 24, 2014
In early October, Brent crude oil was trading as low as $92/bl – a marked drop from the $115/bl it reached in mid-June and the $105/lb to $112/bl range it has held for most of the past three years. In the midst of some serious geopolitical threats to oil supplies in...
Aug 22, 2014
Current expectations in the automotive industry are for the domestic new vehicle market to decline to around 619 000 units in 2014, down from the 651 745 units sold in 2013, says Absa vehicle and asset finance head Wessel Steffens. “Interest-rate sensitive sectors in...
Aug 12, 2014
Current expectations in the automotive industry are for the domestic new vehicle market to decline to around 619 000 units in 2014, down from the 651 745 units sold in 2013, says Absa vehicle and asset finance head Wessel Steffens. “Interest-rate sensitive sectors in...
Nov 26, 2013
The developer of the Ibhubesi gas project off South Africa’s West Coast expects to conclude a sales memorandum of understanding (MoU) with power utility Eskom before the end of the year – a move that could open the way for a future supply agreement that facilitates...
Oct 14, 2013
Much of Big Energy is guilty of an enculturated risk blindness that, unless action is taken, will lead to an inevitable global crash according to Jeremy Leggett.  As the World Energy Congress opens in South Korea, the man described as "Britain's most respected green...
Jun 03, 2013
Apr 15, 2013
Apr 10, 2013
Mar 22, 2013
 
 
 
Feb 28, 2013
The weaker rand and the high price of oil played a role in the increasing of fuel prices, Finance Minister Pravin Gordhan said on Thursday. "Oil is extraordinarily high," he said at a televised New Age breakfast briefing.
Oct 26, 2012
While JSE-listed energy and chemicals group Sasol is a significant competitor in the global market – owing to its established international operations – the petrochemicals giant’s impact on local suppliers, developing markets and new technologies cannot be...
Oct 19, 2012
The South African new vehicle market can grow by another 5% next year, adding to the expected 10% to be recorded in 2012, says National Automobile Dealers Association chairperson Derik Scorer. “The new car industry looks good.” He notes that a surging oil price and...
Sep 27, 2012
The South African new vehicle market could grow by another 5% next year, adding to the expected 10% to be recorded in 2012, said National Automobile Dealers Association chairperson Derik Scorer. “The new car industry looks good.” Speaking at a breakfast forum in...
Sep 21, 2012
South African energy and chemicals producer Sasol is gearing up for a $20-billion, multiproject investment into North America over the coming years, which could result in the development of a $14-billion Secunda-type complex in the southern US state of Louisiana. CEO...
Sep 10, 2012
South African energy and chemicals producer Sasol is gearing up for a $20-billion, multiproject investment into North America over the coming years, which could result in the development of a $14-billion Secunda-type complex in the southern US state of Louisiana....
Jun 27, 2012
Recent sharp falls in commodity prices are “disproportionately” large when compared with prevailing weaknesses in the global economy and a number of prices are, thus, likely to recover during the second half of 2012, Absa Capital economist Jeff Gable argues. Having...
Jun 11, 2012
Despite the many challenges facing civil aviation, including declining profits since a peak of $15.8-billion in 2010, the International Association of Air Transport (Iata) is upbeat on the industry, predicting a doubling in passenger numbers to 5.9-billion in 2030,...
May 02, 2012
South Africa’s seasonally adjusted Purchasing Managers Index (PMI) declined for a second month in April to 54.7 points, but still reflected robust demand for factory goods, sponsor Kagiso Asset Management said on Wednesday. The Kagiso PMI declined by 1.4 index...
Apr 13, 2012
In March, the price of petrol in Gauteng breached R11/l, breaking the previous record-high nominal price of R10.50/l set in July 2008. At R10.37, the wholesale price of diesel is still below the high of R11.43/l recorded four years ago.
 
 
 
 
Mar 20, 2012
African carriers were expected to post a collective loss of $100-million this year, as airlines struggled to make full use of available capacity, while the oil price continued to rise, the International Air Transport Association (Iata) warned on Tuesday Iata...
Feb 28, 2012
It is ‘business unusual’ across the globe as economic parameters are out of the normal range of growth and expectations, economic analyst UBS head of emerging markets research Costa Vayenas said this week. The global economic landscape is changing, with countries...
Feb 17, 2012
The South African rubber extrusions market is facing many challenges, including significant cost pressures, reports manufacturer Hudson Rubber.
Dec 29, 2011
South Africa's petrol pump prices in the main inland commercial region of Gauteng will drop by 6 cents or roughly 0.5 percent a litre next Wednesday, the energy department said on Thursday. The new price for 95 grade petrol will be 10.61 rand a litre in the Gauteng...
Dec 02, 2011
South Africa's petrol pump prices in the main inland commercial region Gauteng will decrease by 11c or 1.02% on December 7, the Energy Department said on Friday. The new pump price for 95 grade petrol will be R10.66 a litre in that region, from R10.77 last month,...
Sep 08, 2011
State-owned airline South African Airways (SAA) increased its profit to R782-million in the 2010/11 financial year, from R442-million in the previous year, despite a challenging and difficult environment for airlines, CEO Siza Mzimela said on Thursday. Group...
Mar 22, 2011
TSX V-listed Alberta Oil Sands said on Tuesday that it had raised C$10-million in a flow-through financing announced earlier this month. The company will use the funds to explore its properties in north-east Alberta, where it has a resource base of more than...
Mar 07, 2011
Finance Minister Pravin Gordhan on Monday agreed with a panel of market experts that the stronger rand had protected the South African economy from rising inflationary pressures. “The stronger rand, or less weak rand, however you would like to refer to it has helped...
Jan 28, 2011
South African petrol pump prices will increase by 26c a litre or 2,7% from February 2, the government said on Friday. The department of energy said in a statement the pump price for 95 grade petrol would rise to R8,99 a litre in the main inland commercial region...
Dec 02, 2010
Rand-sensitive energy and chemicals group Sasol says that the global environment has created “strong tailwinds” for the South African currency and that it is preparing its business for continued rand strength over the “medium term”. The company has reported...
 
 
 
 
Oct 29, 2010
South African petrol pump prices will increase by 20c a litre or 2,46%, from November 3, the government said on Friday. The department of energy said in a statement the pump price for 95 grade petrol would rise to R8,32 a litre in the main inland commercial region...
Oct 22, 2010
Sep 13, 2010
Jul 20, 2010
A bright future lies ahead for natural gas, especially as it could play a bigger role in the transport sector, IHS Cambridge Energy Research Associates (CERA) global oil director Simon Wardell said on Tuesday. As a result of the global economic crisis, demand for...
Jul 09, 2010
Although global economies are showing signs of recovery after the recession, the oil-free air compressors market is struggling to regain its former business levels, says market research consultancy Frost & Sullivan.
Jun 11, 2010
Electric vehicles are not new to South Africa. Carel Snyman, who headed up power utility Eskom’s electric vehicle programme for many years, says his team developed a prototype electric vehicle which was exhibited in France. The Kruger Park also made use of several...
May 28, 2010
Electric vehicles are not new to South Africa. Carel Snyman, who headed up power utility Eskom’s electric vehicle programme for many years, says his team developed a prototype electric vehicle which was exhibited in France. The Kruger Park also made use of several...
May 07, 2010
Nightmarish memories of the 2008 crash must be returning to haunt mining juniors as markets suffered a week from hell. Again the four letter word – debt – was behind it, though this time Greece was the culprit. The S&P 500 losing 6% in five days caused gold to enjoy...
Apr 23, 2010
Is the large-scale production of algal biofuels a viable alternative and should South Africa be pursuing it as a liquid- fuels option? Proponents suggest that it could indeed be a viable endeavour, and estimate that an industry could emerge within five to ten years,...
Apr 23, 2010
Is the large-scale production of algal biofuels a viable alternative and should South Africa be pursuing it as a liquid-fuels option? Proponents suggest that it could indeed be a viable endeavour, and estimate that an industry could emerge with in five to ten years,...
 
 
 
 
Mar 31, 2010
South African petrol pump prices will increase by up to 49c a litre, or 5,9% from April 7, while diesel prices will rise by 6,9%, the government said on Wednesday. The department of energy said in a statement the pump price for 95 grade petrol would be higher at...
Mar 19, 2010
Dec 31, 2009
The retail price of 93 octane unleaded and lead replacement petrol will drop nine cents a litre from January 6, the department of energy said on Thursday. The price of 95 octane unleaded and lead replacement petrol would go down six cents a litre, while the price of...
Sep 18, 2009
Sep 15, 2009
JSE-listed airline group Comair’s earnings grew to R73-million in the year ended June 30, 2009, up 18% on the R61,8-million earned the year before, despite “extreme volatility on the cost side” and softer demand as a result of the recession, it reported on Tuesday....
 
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