Tag: crude oil
Are oil companies price gouging for increasing prices at the pumps?
Fred Razak, Chief Trading Strategist, comments
AROUND the world the price being paid at the pump by the average consumer for a litre of petrol is going up. With the price of...
Some eye-watering numbers from the world’s largest oil producer.
SAUDI Arabia’s Aramco’s net income increased by 124% to $110.0 billion in 2021, compared to $49.0 billion in 2020. The increase in net income reflects higher crude oil prices, stronger refining...
How avocados can help you understand what’s going on with oil prices
The year 2020 hasn’t been short of unprecedented occurrences and unexpected surprises. On Monday 20 April for the first time ever, the price of West Texas Intermediate (WTI) crude oil, the...
Relief at the pumps
The Department of Energy has announced that the price of all grades of petrol will drop by 25 cents, while the price of diesel will decrease by 23 cents.
The new prices...
Iran ready to ship 100 bpd crude to South Africa
Oil Minister Zanganeh has voiced Iran’s readiness to deploy 100 thousand barrels of crude oil per day to South Africa as well as to purchase refinery shares there.
Oil Minister...
The Department of Energy gives insight on the adjustment of fuel prices
The Department of Energy informs the public of the fuel price adjustments for October 2016. South Africa’s fuelprices are adjusted on a monthly basis, informed by international and local factors. International factors include the fact that...
First of its kind hi-tech fire trailer supplied to local crude oil depot
Cape Town based fire protection specialists, DoseTech, have recently supplied one of the most advanced firefighting trailer mounted units to a local crude oil storage depot, for quick and effective knock-down in the...
Economic Performance Indicators for Cape Town (EPIC)
Key Highlights of the Economic Performance Indicators for Cape Town (EPIC) for the 1st Quarter 2016
• While GDP growth remained stable for most developed economies, Germany experienced a notable decline from the fourth...
State fund eyes Chevron’s SA business
According to IOL The state-owned Strategic Fuel Fund (SFF), the guardian of South Africa’s strategic crude oil stocks, had made an offer to purchase oil major Chevron Corporation’s South African business,...
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Two SAB plants get R5.8 billion upgrades
The R5.8 billion investment commitment made by South African Breweries (SAB) has been utilised to increase capacity at two of its plants.
The company said...
