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Latest South Africa Crude Oil News

  • Why it is foolish to create Fuel from Food 12 May 2008 07:18 GMT
    ... could produce more gains than investing in crude oil. Adding fuel to this argument is the recent behaviour of ... expansion. One only needs to look at South Africa to see this disaster in action. As ...

  • Will the Turk Telecom IPO double in Istanbul? 12 May 2008 05:11 GMT
    ... >> Columnist >> Will the Turk Telecom IPO double ... could well rise to $50 billion if crude oil prices stay at their current levels. This ... Since the Hungarian, Egyptian, Mexican, Polish and South African national champion telecoms trade at 10- 16 ...

  • Sensex ends below 17K as inflation moves up 10 May 2008 07:19 GMT
    ... the week ended April 26, and rising crude oil prices were the key factors behind today's sharp slide. Global ... company may make an offer to acquire South Africa's MTN Group. Asian indices were down by ...

  • » More petrol price pain? 10 May 2008 04:59 GMT
    ... analyst from ETM, George Glynos, says that South Africa's record petrol price may rise again by ... at the moment is the price of crude oil and food for inflation. Brent crude futures were last at $122.11 a barrel ...

  • Warning of oil reaching $200 fuels bull run 10 May 2008 04:43 GMT
    ... Warning of oil reaching $200 fuels bull run Published: May ... rather than selling into rallies. Nymex June West Texas Intermediate hit a record $126.20 a barrel but ... per cent to $2,047.5, amid concerns about South African production. ...

  • Financial stocks weigh on Asian markets 10 May 2008 04:43 GMT
    ... Published: May 8 2008 03:43 | Last updated: May ... $123.53 hit overnight in New York. Nymex light sweet crude for delivery in June was trading at ... speculation continued that it would buy the South African telecom company fell by 1.5 per cent ...

  • Asian stocks sink on subprime concerns 10 May 2008 04:43 GMT
    ... Oil consolidated above $124 a barrel. Nymex light sweet crude was trading at $124.23 by late afternoon in Singapore ... to buy a stake in MTN of South Africa, shook off comments by Fitch Ratings that ...

  • Gold rises as oil climbs above $US126 10 May 2008 00:53 GMT
    ... Jones Newswires | GOLD rose modestly as crude oil futures climbed again to set a new ... as high as $US126.25 in electronic trading. Brent crude on the ICE futures exchange climbed $US2.41 ... continuing underlying support from electricity issues in South Africa as well as investment demand, such as ...

  • Canadian Natural Resources Ltd. Q1 2008 Earnings Call Transcript 9 May 2008 21:29 GMT
    ... cash flows from the sale of synthetic crude oil from this mining project. Alan, would you like ... half a million barrels a day of light sweet crude with no declines for 40 years, creating ... Officer Okay. And then lastly, on your South Africa project, you guys have that offshore prospect, ...

  • ADRs in Focus: Emerging markets oil and gas 9 May 2008 20:58 GMT
    ... Petroleum & Chemical Corp. shed $3, or 3 percent, to $98.13 while shares of South Africa's Sasol Ltd. slipped $1.45, or 2.2 percent, to $61.99. Shares of PetroChina Co. Ltd. fell $5.58, ...

  • Bonds stabilise, but remain in the red   9 May 2008 15:51 GMT
    ... of the short-term rate and inflation negativity. Brent crude futures were last at US$125,14 per barrel from US$122,84 ... local bonds on Wednesday, Bond Exchange of South Africa statistics show. Nominal cumulative volume was R61,396bn ...

  • Indian shares tumble on rising inflation; Reliance Industries down 5.19 pct 9 May 2008 12:15 GMT
    ... fund investment. At 0929 GMT, New York-traded West Texas Intermediate crude for June delivery was at $124.81 ... at $124.81 a barrel while in London, Brent crude for June delivery was up $1.14 to $123.98 a ... talks of acquiring a controlling stake in South Africa's MTN Group, was top gainer climbing 1.75 ...

  • Bumpy ride ahead for motorists 9 May 2008 12:10 GMT
    ... lies ahead for motorists. This comes as Brent crude oil is hovering above the $120 a barrel ... oil prices already pushed fuel prices in South Africa to new records. Diesel is trading above ...

  • OPEC Cartel Scuppering G7 Central Bankers Financial Sector Rescue Plans 9 May 2008 10:58 GMT
    ... Basel, Switzerland this week, haunted by the “Crude Oil Vigilantes,” who threaten to unravel G-7 schemes to ... Hong Kong, the Euro zone, London, Toronto, South Africa, Mexico, and New Zealand, and Canadian oil ...

  • Hong Kong shares close lower on China inflation worries, oil price spike -UPDATE 9 May 2008 10:16 GMT
    ... the gloom was the spike in global crude oil prices. On Thursday crude oil swept past $124 a barrel ... it has not submitted a bid for South Africa's leading telecom operator MTN Group, the South ...

  • Oil, inflation sour bonds 9 May 2008 07:38 GMT
    ... South African bonds drifted weaker in early trade as ... extending a little further," said market analysts. Brent crude futures were last at $123.63 a barrel ... local bonds on Wednesday, Bond Exchange of South Africa statistics show. Nominal cumulative volume was 61.396 ...

  • Oil rallies to record US$124 on strong diesel demand 9 May 2008 07:34 GMT
    ... settling up 16 cents at US$123.69. London Brent crude LCOc1> rose US$1.47 to US$123.79 a barrel, after settling ... supplies. Shortages of alternate fuels in China, South Africa, Latin America and parts of the Middle ...

  • Hong Kong shares end morning lower on regional weakness, oil price rise UPDATE 9 May 2008 06:55 GMT
    ... tracking losses in other Asian markets after crude oil prices topped $124 a barrel, exacerbating inflation worries around ... it has not submitted a bid for South Africa's leading telecom operator MTN Group, the South ...

  • No shortage of oil, says OPEC 9 May 2008 06:16 GMT
    ... struck a record high of $123.93. Londons Brent crude contract hit a lifetime peak of $122.98 ... yesterday that there was no shortage of crude oil, brushing aside US calls for higher output ... warmer weather. Tight power supplies in China, South Africa, Chile, Argentina and parts of the Middle ...

  • Oil rallies to $124 9 May 2008 06:16 GMT
    ... after settling up 16¢ at $123.69. London Brent crude rose $1.47 to $123.79 a barrel, after settling 52¢ higher ... supplies. Shortages of alternate fuels in China, South Africa, Latin America and parts of the Middle ...

  • Hong Kong shares ease on losses in regional bourses, high oil prices - UPDATE 9 May 2008 05:55 GMT
    ... retreated 2.3 percent to HK$7.69 as rising crude oil prices are feared to squeeze its refining margins. Sinopec has ... it has not submitted a bid for South Africa's leading telecom operator MTN Group, the South ...

  • Hong Kong shares outlook - Lower on regional market losses, record oil prices 9 May 2008 03:25 GMT
    ... driven up by speculators. The price of crude oil swept past $124 a barrel in late New York Mercantile ... it has not submitted a bid for South Africa's leading telecom operator MTN Group, the SCMP ...

  • Another record: Oil rallies to record $US124 9 May 2008 01:57 GMT
    ... settling up 16 cents at $US123.69. London Brent crude rose $US1.47 to $US123.79 a barrel, after settling 52 ... supplies. Shortages of alternate fuels in China, South Africa, Latin America and parts of the Middle ...

  • 6:57amOil rallies to record $US124 8 May 2008 22:16 GMT
    ... settling up 16 cents at $US123.69. London Brent crude rose $US1.47 to $US123.79 a barrel, after settling 52 ... supplies. Shortages of alternate fuels in China, South Africa, Latin America and parts of the Middle ...

  • Oil rallies to record $US124 8 May 2008 21:45 GMT
    ... settling up 16 cents at $US123.69. London Brent crude rose $US1.47 to $US123.79 a barrel, after settling 52 ... supplies. Shortages of alternate fuels in China, South Africa, Latin America and parts of the Middle ...


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