crude oil
crude oil
crude oil
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Two ships cross Strait of Hormuz as ceasefire takes effect
Two ships have passed through the Strait of Hormuz since Iran agreed to reopen the waterway as part of a ceasefire deal.
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Global ceasefire and massive oil correction offer crucial relief for the SA economy
A sudden global shift has delivered much-needed relief for South Africa. Following a Middle East ceasefire, oil prices have dropped sharply and the Rand has strengthened.
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Oil prices drop sharply, Asian stocks rise after US-Iran ceasefire agreement
Asian stocks rose sharply and oil prices fell in early trade on Wednesday after the United States and Iran agreed to a two-week ceasefire, with Tehran temporarily reopening the vital…
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Pain at the pumps set to intensify as May could bring further R10 per litre diesel hike
South Africans are bracing for potentially devastating fuel price increases in May, with diesel prices set to rise by more than R10 per litre.
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How South Africa’s fuel price is calculated: A breakdown
South Africa’s fuel prices are influenced by global oil prices, exchange rates, and local transport costs, taxes, and regulations.
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Ramaphosa forms task team to tackle looming 50% fuel price surge
President Cyril Ramaphosa has established a ministerial task team to mitigate the impact of a fuel price increase set for 1 April, as South Africa braces for what could be…
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Diesel prices soar at filling stations before official April increase
Consumers have reacted strongly to rising diesel prices, anticipating further increases in April, despite no official announcement yet.
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Diesel shortages hit Western Cape farms as global fuel pressures mount
South Africa’s agricultural sector is facing critical diesel supply disruptions at retail level, despite national fuel stocks remaining stable.
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Oil price shock sends shockwaves through global markets
Geopolitical conflicts have surged oil prices, triggered inflation fears, and intensified market volatility, impacting investors worldwide and highlighting the dollar’s strength.
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Middle East war fuels fears of new oil crisis
Geopolitical tensions are raising oil prices, prompting concerns of a new oil crisis, though experts suggest it’s premature to classify it as such.
