Tag: Oil and Gas Industry

Mixed Oil prices over weaker dollar, rising supplies

Oil prices were mixed on Friday supported by a weaker US dollar and with more supplies expected from the OPEC+…

Suez Canal Update: Oil prices rebound on fears blockage may last weeks

TOKYO – Oil prices bounced back on Friday from a plunge a day earlier on concerns that a large container…

SA’s rand trade on the back foot after Repo rate remain unchanged

The South African currency lost traction ahead of the Sarb’s decision to maintain the benchmark interest rate at a record…

Markets: Asian stocks hit record peak as vaccine hopes dampen virus fears

Asian stocks hit a record high on Monday as vaccine optimism and strong economic data from China and Japan outshone…

Energy: Total second major gas findings puts SA on the global energy map

Government must act fast to reap the benefits of this discovery, which could attract $40bn in investment – Africa Energy…

Market Recap: Oil falls hard on global oversupply and a resurgent coronavirus

London — Oil prices fell more than 3% on Thursday, extending the previous day’s sharp decline under pressure from signs…

Market Recap: ZSE share index, as rand benefits from softer dollar in Friday trading

JOHANNESBURG – The rand rose to a one-month high as external tailwinds were strengthened by US fiscal stimulus hopes according…

Oil drops 5% on weak demand outlook and higher supplies

Oil prices fell more than 5% on Thursday as rising coronavirus cases around the world dampened the demand outlook, and…

Oil prices rise as dollar continues to slide

London – Oil prices rose on Tuesday, reversing overnight losses against the backdrop of an equities bull run and a…