Sasol reviewing refinery upgrade, sale due to cleaner fuel law
Sasol, the South African manufacturer of oil and chemical products, is looking at options including the possible sale of a refinery due to the country’s pending cleaner fuel standards.
Gasoline
More consumer pain as oil hits 6-month high. Falling stockpiles ease glut.
Oil advanced to a six-month high before US government data forecast to show crude stockpiles dropped for a second week, easing a glut.
Petrol price to drop
The price of all grades of petrol will drop by 93 cents a litre next week, the energy department said on Friday.
Afrox and Sun International sign R55 million deal
From SENS – Shareholders of Afrox have been advised that the Company has signed a five-year R55m contract to supply bulk and cylinder liquefied petroleum gas (“LPG”) to the leading South African hotel chain, Sun International. The contract will run until 2019. “Securing this major agreement against strong competition can be attributed to our excellent track record, national footprint … Read more