Oil tumbled by the most in two months after output talks between the world’s biggest producers ended without any agreement on limiting supplies, a diplomatic failure that threatens to renew the rout in prices.
South Africa’s state-owned logistics group Transnet plans to name its preferred bidders for a new jetty and deep sea oil rig repair quay, valued at around 10 billion rand ($871.42 million), at its Saldanha Port by September this year.
Most investors miss game changing events because (a) they are too far removed from the detail or (b) they are reluctant to investigate, anyway, as they prefer believing what they’ve spent time analysing. As a result, many money manager have completely missed seismic shifts in the oil supply and demand equation. Best they read the … Read more
Sasha looks at the prospects for the oil price – and the Sasol share price – by sharing how the US’s shale gas resources have transformed global energy.
This year’s Christmas Break is perfectly timed. The world’s economic trajectory has experienced a game-changing oil price jolt that needs time to sink in.
Led by Saudi Arabia, OPEC’s play is to let the oil price drop to a level where the American shale industry goes out of business.
Knowing the intrinsic value of share when you decide to buy or sell is extremely important, but I would argue that if you did not do the analysis, it is equally important to understand the process.
After almost a decade of deal speculation, Tullow Oil Plc may finally be ripe for a takeover. The plunge in oil prices has erased more than half of Tullow’s market value since June.
The oil price, which briefly bumped above $80 a barrel on hopes of a tightening at Thursday’s OPEC meeting, lost momentum overnight after the Saudi Oil Minister offered his perspective.
Global development lenders, including the World Bank, African Development Bank and European Union, pledged more than $8 billion on Monday to boost economic growth and reduce poverty in eight countries in the Horn of Africa