“Crude oil prices have slumped sharply over concerns that this new mutation could add to the pressure on demand,” said CMC Markets analyst

“The infrastructure of the oil sector represents the lifeblood of the Libyan state,” NOC chief Mustafa Sanalla said

Enviornmentalists and fisherfolk have joined hands to express their opposition to oil and gas drilling off the coastline saying the ocean should be preserved for fishing, surfing and other recreational activities.

Warning that Venezuelan oil tanker tilting in Caribbean waters off the coast of Trinidad and Tobago could cause world’s biggest oil spill.

It’s been a rough few months, but it looks the tide is finally turning for the petrol price. We’ve got the expected fuel costs for September here.

Eskom will be taking steps to cancel the fuel oil supply contract awarded to Econ Oil & Energy. Here’s what we know.

How can a terrible year get worse? Well, another petrol price increase should do the trick. Here’s what you are likely to pay for fuel in August.

Part of the oil refinery in Milnerton, Cape Town was engulfed in fire on Thursday, after an explosion at the Astron facility devastated a major unit.

Oil prices extended their slump, with WTI hitting the lowest level since 2002. Output cuts deemed insufficient to offset a slump in demand.

If you thought the coronavirus only affected one’s health, think again. JSE stocks are also under threat.

We should feel positive. But instead, this latest petrol price forecast for October comes with a caveat – and it isn’t favourable for Mzansi’s motorists.

The dodgy deal has left hundreds of millions of dollars worth of oil stranded in Saldhana Bay. But Outa believe progress has been made to save our fuel reserves.

Burgeoning offshore oil and gas will be done while prioritising the use of South African human capital.

A move that is motivated by assuming some control of oil outputs in South Sudan.

A soaring oil price has emerging markets trembling.

With the AA predicting a record month-on-month increase for the petrol price in October, we’re looking at what’s caused this issue.

“These quite conservative estimates for the rand and oil price could see an increase in SA fuel prices to at least R17.30 per litre at the end of 2018. And it can increase to above R20 per litre before the end of next year.”

Minister for Energy Jeff Radebe has explained why petrol prices have been surging. But does he have any solutions?

*Stares at Venezuela*

The oil trade is roaring in this coastal Western Cape town.