A pump jack operates in an oil field near Corpus Christi, Texas, U.S. Photographer: Eddie Seal/Bloomberg
A pump jack operates in an oil field near Corpus Christi, Texas, U.S. Photographer: Eddie Seal/Bloomberg

Saudis to reopen oil production taps – With insights from The Wall Street Journal

'Saudi Arabia plans to increase its oil output in the coming months, reversing a recent big production cut', reports The Wall Street Journal.
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Despite an army of sceptics, Sasol shares have rebounded after plummetting all-time lows during Covid-19 panic which amplified shocks of the Lake Charles misadventure. The recovery proves once again that Sasol's profitability is determined primarily by the oil price. And after a strong run, the crude oil price is now starting to look vulnerable again. Here's the latest from our partners at The Wall Street Journal. – Alec Hogg

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