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SA may find partners for $1 billion South Sudan oil block

May 21 2019 10:22

South Africa’s Strategic Fuel Fund is welcome to bring in partners to help it execute a $1bn agreement to drill for oil and build a refinery and pipeline in South Sudan, the central African nation’s oil minister said.


Oil jumps as OPEC signals continued cuts and US threatens Iran

May 20 2019 07:40

Oil started the week strongly after Saudi Arabia and other OPEC+ members signaled intentions to keep supplies constrained for the rest of the year, while US tensions with Iran ratcheted up.

Gold Last updated: 21/05/2019 04:56 Return YTD 1274,642.42(0.19%)
Silver Last updated: 21/05/2019 04:56 Return YTD 14,430.01(0.09%)
Platinum Last updated: 21/05/2019 04:56 Return YTD 811,005.50(0.68%)

Oil rebounds from five-week low as US issues warning to Iran

May 06 2019 15:35

US crude pared losses from tumbling to almost $60 a barrel after President Donald Trump threw trade talks between the world’s two largest economies into disarray with a threat to raise tariffs on Chinese imports.


South Africa signs for South Sudan oil block after $1 billion plan

May 06 2019 13:52

The countries signed an exploration and production sharing agreement for block B2, the second such contract since South Sudan’s independence seven years ago.


BP profit on target as cash flow grows despite lower prices

Apr 30 2019 12:47

BP boosted cash flow and hit the target on profit estimates in the first quarter as rising oil and gas production and strong trading results offset the effect of lower prices.

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