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1-10 results from 1000 for query «oil»

28 December 2018 6:58 PM Saudi 'not in crisis' over Khashoggi affair

Saudi Arabia's new foreign minister voiced defiance on Friday in the face of international outrage over critic Jamal Khashoggi's murder, rejecting the kingdom was in crisis and his predecessor was demoted. "The issue of Jamal Khashoggi... really saddened us, all of us," Ibrahim al-Assaf told AFP, a day after he was appointed foreign minister in a government 106

12 December 2018 10:24 AM Markets LIVE: Stocks rise on renewed trade hopes, pound climbs

OVERVIEW: Stocks rallied globally as the outlook for US-China trade took a positive turn. The pound strengthened as the British prime minister vowed to fight a challenge to her leadership. US equity futures and European shares climbed following big gains in Asia after Canada granted bail to the chief financial officer of China’s Huawei and President 46

12 December 2018 9:45 AM SEE: Most expensive petrol prices in the world

The gap between the most expensive fuel and the cheapest is staggering with motorists in Hong Kong paying $2.06 more for a litre of petrol than those driving Venezuela. The difference in prices are due to the various taxes imposed by governments and subsidies for petrol. International oil prices have declined since November. The highest fuel price in the world 37

10 December 2018 4:22 PM Armed group blocks key oil field in Libya

An armed group has seized one of Libya's largest oilfields in the country's southwest, the state-owned National Oil Corporation said on Monday. The seizure of Sharara oilfield prompted the company to declare a "force majeure" on exports from the field. "National Oil Corporation (NOC) hereby declares a state of force majeure at the Akakus-operated Sharara 54

07 December 2018 3:57 PM JSE holds on to gains as in tentative trading

The JSE rebounded on Friday following consecutive sessions of losses due to negative global sentiment. Global markets were relatively tentative ahead of the release of the all-important Non-Farm Payrolls data out of the USA which was pencilled for release at 15:30. The number came in worse than expected as the US economy managed to add 155 000 jobs versus 107

07 December 2018 6:12 AM Pope Francis to visit UAE in historic trip to the Gulf

Pope Francis will make a historic visit to Abu Dhabi in the United Arab Emirates in February to attend an interfaith meeting, the Vatican announced on Thursday. The trip, the latest by the pope to a Muslim nation, will take place from February 3-5. The Vatican said the pope had accepted an invitation from Sheikh Mohammed bin Zayed Al Nahyan, crown prince 160

02 December 2018 9:44 AM Petrol price to decrease by R1.84c per litre

South Africans will be paying R1.84c less for a litre of both grades 93 and 95 of petrol from Wednesday, according to the department of energy. Diesel will decrease by R1.45c and R1.47c, while illuminating paraffin will decrease R1.33c and R1.87c. Earlier in the month the Automobile Association had estimated that the price of petrol would decrease by R1.85 per litre 41

29 November 2018 8:12 AM SA to introduce new oil and gas law after 2019 polls

South Africa will introduce new oil and gas laws after elections next year, said Mineral Resources Minister Gwede Mantashe. "We will make sure that it will be one of the first laws to be processed in the new parliament after the elections," he said in Cape Town on Thursday. The process of approval of exploration applications will be completed in terms 39

24 November 2018 5:00 PM South Africa to invest $1bn in South Sudan oil sector

South Sudan's oil minister says South Africa will invest $1 billion into the war-torn country's oil sector in what would be the largest investment in the east African country's history. Ezekiel Lol Gatkuoth confirmed Friday's signing of the memorandum of understanding with South Africa's energy minister, Jeff Radebe. Radebe tells state broadcaster SABC that both countries 49

21 November 2018 3:30 PM S Sudan woos investors as peace deal revives oil industry

South Sudan said on Wednesday that the country's latest peace deal had helped revive its war-battered oil sector, with an increase of 20 000 barrels per day in the past two months. The country's warring parties in September signed a new peace deal to end five years of civil war that has killed an estimated 380 000 people and crippled the oil industry 67