oil priceslatest news & developments
As South Africa prepares to host the sixth SA Investment Conference, government leaders and economists say global instability, including tension in the Middle East, unexpectedly boost the country’s appeal as a stable investment destination

SA pitches itself as Africa’s gateway amid global market turbulence

As South Africa prepares to host the sixth SA Investment Conference, government leaders and economists say global instability, including tension in the Middle East, unexpectedly boost the country’s appeal as a stable investment destination

  • Eyaaz
6 min read
The department of mineral and petroleum resources has encouraged members of the public to continue purchasing fuel as usual

‘No need for fuel panic-buying’, government and industry leaders say

The department of mineral and petroleum resources has encouraged members of the public to continue purchasing fuel as usual and to rely on government communication for accurate and verified information

  • Eyaaz
2 min read
Sub-Saharan Africa’s reliance on imported oil leaves countries exposed to economic shocks amid the escalating Middle East conflict.

Rising oil prices threaten African economies, new analysis warns

Sub-Saharan Africa’s reliance on imported oil leaves countries exposed to economic shocks amid the escalating Middle East conflict. Rising crude and LNG prices threaten import bills, inflation and currency stability, particularly in nations with low reserves

  • Sheree Bega
6 min read

G7 failed to address core issue in escalating US-Israel-Iran war, experts say

With oil prices climbing to $120 a barrel and the Strait of Hormuz shut, analysts say the G7 missed a critical opportunity to push for peace in the escalating US-Israel-Iran conflict

  • Eyaaz
6 min read
The cost of petrol will fall by more than 60 cents a litre, while diesel users will benefit from reductions of up to R1.50 a litre. . (Oupa Nkosi)

Fuel prices to fall sharply, driven by lower global oil markets

From 7 January, 93-grade unleaded petrol will decrease by 62 cents a litre while 95-grade petrol will cost 66 cents less

  • Eyaaz
1 min read