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Oil climbs as report shows tightening US gasoline stockpiles

25 May 2022 /  Elizabeth Low, Bloomberg
Brent for July settlement gained 0.6% to $114.26 a barrel on the ICE Futures Europe exchange.
UPDATE
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Glencore pleads guilty to decade of bribery and manipulation

25 May 2022 /  Chris Strohm, Chris Dolmetsch and Jack Farchy, Bloomberg
Glencore paid more than $100 million in bribes to government officials in Brazil, Nigeria, the Democratic Republic of the Congo and Venezuela, Damian Williams said.
UPDATE

Thungela tackles toxic coal spill after government order

24 May 2022 /  Felix Njini and Antony Sguazzin, Bloomberg
Group's share price over 4% down on the JSE in afternoon trade.
4

[TOP STORY] Are Thungela and Exxaro taking climate change seriously?

24 May 2022 /  Simon Brown
With the price of coal at all-time record highs, suddenly there's talk about expansion and new coal, demonstrating the hollowness of a lot of the ESG talk we've seen over the last couple of years: Tracey Davies of Just Share.

Amcu says wage deal agreed with Anglo Platinum

24 May 2022 /  Felix Njini, Bloomberg
'The agreement has been reached in-principle and we are about to sign the offer.'

Oil retreats as China’s stimulus package fails to allay concerns

24 May 2022 /  Elizabeth Low, Bloomberg
Brent for July settlement fell 1.1% to $112.13 a barrel on the ICE Futures Europe exchange.

Natural gas market is hurtling toward historic winter shortages

24 May 2022 /  Stephen Stapczynski and Heesu Lee, Bloomberg
As the world rushes to secure the super-chilled fuel.

Oil pushes higher as traders weigh tight gasoline market, growth

23 May 2022 /  Elizabeth Low, Bloomberg
Brent for July settlement added 0.7% to $113.37 a barrel on the ICE Futures Europe exchange.

Oil heads for fourth weekly gain on outlook for products demand

20 May 2022 /  Bloomberg News
Brent for July settlement eased 0.9% to $111.06 a barrel on the ICE Futures Europe exchange.

Afrimat’s move into mining pays off big time

20 May 2022 /  Ciaran Ryan
Seven years after diversifying into iron ore mining, Afrimat rides the commodity wave.

Aramco touts trading ambitions with first West Africa crude sale

19 May 2022 /  Bill Lehane and Anthony Di Paola, Bloomberg
The company assigned a million-barrel cargo of Equatorial Guinea’s Zafiro crude for early June.

Petrol price horror

19 May 2022 /  Adriaan Kruger
Fuel prices have doubled in five years, pushing inflation and interest rates up.
1

‘Boring’ gold vs heart-stopping Bitcoin

19 May 2022 /  Ciaran Ryan
Sometimes boring is better.

Oil pushes on as gasoline market tightens, China may ease curbs

18 May 2022 /  Bloomberg News
Brent for July settlement added 0.8% to $112.82 a barrel on the ICE Futures Europe exchange.

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ECONOMIC DATA  

  CPIThe Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products Apr 2022 5.90%
  CPI ex OERThe Consumer Price Index excluding Owners’ Equivalent Rent (CPI ex OER) measures monthly changes in prices for a range of consumer products excluding Owners’ equivalent rent that measures changes in the cost of owner-occupied housing Apr 2022 6.40%
  RepoThe rate at which the Reserve Bank lends money to the country’s commercial banks and set by the Reserve Bank’s Monetary Policy Committee. May 2022 4.75%
  Prime lendingThe Prime Lending Rate is the rate of interest that commercial banks will charge their clients when issuing a loan (home loan or vehicle finance) May 2022 7.75%

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