đź”’ Oil price (and Sasol’s) rebound in pictures – With insights from The Wall Street Journal
A fall in stockpiles, restraint among US producers and the speedy recovery in Asian demand have driven the rally, writes The Wall Street Journal.
A fall in stockpiles, restraint among US producers and the speedy recovery in Asian demand have driven the rally, writes The Wall Street Journal.
Berkshire Hathaway has bet $12.7bn on mobile telecoms and oil giants. “You can bet on America, but you are going to have to be careful on how you bet,” said Buffett.
OTS brought Glencore aboard, and together they quickly put up a $100m deposit demanded by Chevron. As recently as January, Sinopec still proclaimed victory.
Last night’s announcement that China’s Sinopec is buying Chevron’s South African assets, including its oil refinery and fleet of over 1 000 Caltex petrol stations, is uplifting.
Those who engineered the sale of SA’s Strategic Fuel Fund on the conditions reported, did it solely to enrich themselves. They stole at least R1.5bn, perhaps as much as R2.2bn, from South African taxpayers.
The heads of the Strategic Fuel Fund resigned on Friday, a day after the DoE said it will investigate its unauthorised bid to buy Chevron’s assets in the country.
The Strategic Fuel Fund has offered to buy Chevron’s majority stake in the country’s oil refinery in Cape Town and other downstream assets.
Anchor Capital provides a comprehensive market review covering everything you need to know about local and global markets.
Anchor Capital provides a comprehensive market review covering everything you need to know about local and global markets.
Anchor Capital provides a comprehensive market review covering everything you need to know about local and global markets.