OPEC (Organisation of the Petroleum Exporting Countries)

 
Thank Donald Trump for fuel-pump bump
Thank Donald Trump for fuel-pump bump
Fuel levy increases, in part to fund the fiscus shortfalls brought about in the corrupt Zupta era, are bad enough. But now there’s the additional...
Europe's energy giants reap benefits of oil price surge
Europe's energy giants reap benefits of oil price surge
Anglo-Dutch energy giant Royal Dutch Shell, French peer Total and Spain's Repsol on Thursday logged surging second-quarter net profits on the back...
Saudi tensions could increase SA fuel prices
Saudi tensions could increase SA fuel prices
The recent political upheaval in Saudi Arabia will lead to South African motorists paying an additional 70 to 80 cents more for fuel in December....
Oil futures slump as Opec keeps pumping
Oil futures slump as Opec keeps pumping
Oil fell after the International Energy Agency said this year's price rally is under threat, with the biggest members of the Organisation of...
Mid-East oil urge surges as US shale pales
Mid-East oil urge surges as US shale pales
Saudi Arabia pumped almost a record amount of crude oil in March, leading the biggest surge in the Organisation of the Petroleum Exporting...
Sasol takes stock of oil price crash
Sasol takes stock of oil price crash
Many oil producers started feeling the pinch when oil dropped below the $80 mark in November. But, after oil hit a five-year low of $50 a barrel this...
Opec creates global shock waves
Opec creates global shock waves
Opec, the largest crude-oil cartel in the world, wanted others to feel its pain as oil prices collapsed.
Indonesian fuel hike under certain conditions
Indonesian fuel hike under certain conditions
Indonesia's parliament voted on Saturday to give the government authority to raise subsidised fuel prices under certain conditions, a move that...
Oil price on a high
Oil price on a high
Brent crude hit its highest point in eight months on Monday as Iran halted exports to British and French companies ahead of a European Union...
Mthombo is no crude white elephant
Mthombo is no crude white elephant
In the Mail & Guardian of March 11 Jeremy Wakeford wrote a one-sided opinion piece on Project Mthombo, PetroSA's proposed 360 000-barrels-a-day...
Libya no-fly zone calls mount as new battles loom
Libya no-fly zone calls mount as new battles loom
Libya's air force stepped up air strikes and heavy shelling was heard on Tuesday on the front line, as the revolt against Muammar Gaddafi's regime...
Alarm raised over Saudi 'peak oil'
Alarm raised over Saudi 'peak oil'
The United States fears that Saudi Arabia, the world's largest crude oil exporter, may not have enough reserves to prevent oil prices escalating,...

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