The US needs to actually enforce – not increase – sanctions on Iranian oil: Javier Blas
Will the US enforce existing sanctions or continue turning a blind eye? The future of Iranian oil exports hangs in the balance.
crude oil
Newest African oil jackpot: Namibia must overcome a long-standing corruption curse
Corruption, inequality, and political instability are pressing concerns, as critics argue that ordinary Namibians may not benefit from the oil windfall.
🔒 Why Ghana went from hero to zero for investors
Ghana seems to be facing a meltdown with investors – lucrative crude oil production is both its blessing and curse.
🔒 Russia is mostly failing in race to find new oil markets
About 740,000 barrels a day of that total was shipped to European countries, a market that will mostly disappear by the end of November. A month later Russia will also lose outlets for another 650,000 barrels a day piped to Poland and Germany through the Druzhba system. So Moscow needs to find new markets for almost 1.4 million barrels a day of crude. That won’t be easy.
‘Fuel price subsidies don’t really help the poor’
Consumers in South Africa continue to grapple with a high cost of living, particularly with the latest rising fuel costs.
Fuel levy relief extended for two months; DA calls hike criminal
Minister of Finance has today submitted a letter requesting the tabling of a two-month proposal for the extension of the reduction in the general fuel levy.
🔒 Premium: Graham’s rational argument why to never be 100% out of stocks (or in them)
WSJ columnist Jason Zweig draws on the wisdom of Benjamin Graham to help chart a course through current turbulence.
🔒 Sasol shares set to surge – With insights from The Wall Street Journal
‘Oil prices, which had already risen sharply on news of the OPEC-plus deal, soared on the Saudi announcement’, says The Wall Street Journal.
SA petrol prices go up
Minister of Mineral Resources and Energy Gwede Mantashe has approved an increase of 5.3 cents per litre in the retail margin of all grades of petrol.
Astron Energy refinery explosion, Cape Town: Two killed
Astron Energy, which is majority owned by Glencore, said the fire at South Africa’s third-biggest crude oil refinery started at around 4 am.