🔒 There is more to Angola’s OPEC exit than meets the eye – Javier Blas
In the ever-evolving landscape of the oil market, the notion that “OPEC is dead” has been declared prematurely time and again.
OPEC
Oil price could go to $175 per barrel
Analysts’ forecasts differ wildly. Consensus is a long way off. Some forecast the oil price returning to the $80-90 level within a year.
Sasol, when will dividends return? – analysis of earnings guidance
Oil and chemical giant Sasol released a highly anticipated trading statement for its half-year to end December.
Sasol soars as Brent Crude reaches 12-month high
Petrochemical giant Sasol soared in trade on Thursday on the back of the Brent Crude price narrowing in on $60 a barrel, a 12-month high.
🔒 Sasol shares set to surge – With insights from The Wall Street Journal
‘Oil prices, which had already risen sharply on news of the OPEC-plus deal, soared on the Saudi announcement’, says The Wall Street Journal.
BizBriefing: Opec+ not positive; Vodacom; Zondo; US rally on Moderna vaccine
Moderna says early data show its Covid-19 vaccine is 94.5% effective, joining Pfizer as a leader in the race to end the pandemic.
Huge fuel price relief for SA motorists
Despite the rand slumping to almost R16.50/$ in the review period and the Road Accident Fund and fuel levies taking affect, the pump price of petrol will decrease.
Investor insights on oil price war – from the ‘new’ Benjamin Graham
A collapse in oil prices earlier this week sent global markets into a rollercoaster ride, with panicked investors calling their stockbrokers and investment advisers to make sense of the mayhem.
🔒 Flash Briefing: Big Glencore rival exits; OPEC courts Russia; Zim Prez launches détente
Peace may break out to the north where embattled Zimbabwean president Emmerson Mnangagwa has launched a détente initiative with the political opposition.
🔒 Oil price rising fast, but Opec won’t increase production
Oil topped $81 a barrel on Monday – its highest level in almost four years. Opec met to discuss production targets but decided not to increase output.