Why oil prices fell off a cliff but left Sasol behind: energy expert. LISTEN!

Loading player...
Earlier this week, oil prices plunged into negative terrain. This was an unprecedented move with South African asset management experts noting that they had never seen this development in their careers. In a clear sign that global Covid-19 lockdowns have eliminated demand for oil, pollution levels from oil-related emissions have been clearing to reveal Himalayan mountain tops and ocean life in Italian tourism hotspot Venice. But there's more to the oil price plunge than most of the world's passenger vehicles standing idle, with the commodity subject to complex contracts and supply factors, including international wrangling between oil-producers like Saudi Arabia, Russia and the US. In this highly informative podcast, Justus Van der Spuy, a global expert on energy markets, demystifies the oil price collapse. He also discusses, with BizNews editor-in-chief Alec Hogg, why energy and chemicals company Sasol, which has taken a severe battering on the JSE in recent months, was relatively unaffected by the sharpest oil price shock in living memory. - Jackie Cameron Learn more about your ad choices. Visit megaphone.fm/adchoices
23 Apr 2020 11AM English South Africa Investing · Business News

Other recent episodes

Unlocking High-Yield Private Debt: The Jaltech Income Opportunities Fund

Join the leadership team at Jaltech for an exclusive overview of the new Jaltech Income Opportunities Fund - a spin-off from their highly successful Section 12J investment strategy. Designed to target structured debt funding for established, mid-sized South African businesses, this fund addresses an unserved niche left open by traditional…
24 Jul 5AM 29 min

BN Daybreak: Zille on Joburg's last chance; AI stock warnings; Cape gangs; Civic tech

In today's BizNews Daybreak, Helen Zille warns Johannesburg faces its final chance to reverse municipal collapse. Heindrich Wyngaard explains why military presence alone cannot dismantle the Cape Flats' deep-rooted gang economy. Lance Dickson introduces "Ryze," a platform channeling public rage into organized civic action. Finally, Sean Peche cautions investors against…
23 Jul 11PM 15 min

Parliament faces protest over lagging legislation for a provincial referendum

In this interview with Chris Steyn, Heindrich Wyngaard, the executive chairperson of Cape Forum, details plans for a protest outside the National Assembly next month over the long wait for appropriate legislation to enable a provincial referendum . “And we are also planning to be present at that Home Affairs…
23 Jul 9AM 18 min