Industry News

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26
Nov

Saudi Aramco says Huthi strike tore large hole in oil tank

audi Aramco said Tuesday that a strike by Yemen's Huthi rebels on its plant in Jeddah tore a hole in an oil tank, triggering an explosion and fire that was quickly extinguished. The energy giant took reporters to the distribution facility where damage to the tank was visible the day after the attack, with the top rim left fire-blackened and the railings above buckled from the heat. "Unfortunately the facility…

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23
Nov

Controversial Zuma era sale of South Africa’s strategic fuel stocks reversed

The Western Cape High Court has made a ruling, reversing the sale of SA's strategic crude oil reserves which took place in 2015. In a joint statement, the Strategic Fuel Fund and the Central Energy Fund says there will be consequence management for implicated employees. The SFF will refund monies with interest accrued. The Western Cape High Court has made a ruling, reversing a 2015 sale of SA's strategic crude…

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17
Nov

Hitchhiker allegedly steals man’s gun, uses it to shoot him dead at Mpumalanga petrol

A man who stopped at a petrol station to buy fast food was shot dead, allegedly by a hitchhiker, in Mpumalanga on Sunday. According to police, the hitchhiker stole his firearm and shot him next to the petrol station in White River. READ | Man shot dead in Joburg CBD Andrew Thulare, 46, and his brother picked up the hitchhiker. "The driver is said to have hidden the firearm in…

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17
Nov

Fuel prices set for another decrease as South Africa readies for 2020 festive season

Petrol and diesel prices expected to drop at the end of November 2020. • The price of petrol set to drop by 36c. • The price of diesel set to drop by 4c. • For more motoring stories, go to www.Wheels24.co.za Fuel price data shows a mixed fuel price outlook for the end of November, with Rand appreciation being countered by a sharp spike in international oil prices. This is according to the Automobile…

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17
Nov

Earn cash for fuel and WIN!

Get 30c per litre back in your wallet PLUS stand a chance to win fuel for a year when you purchase fuel with Mighty Mobile Mighty Mobile is a convenient way to store, send and receive money. It operates like a normal bank account and can be used to make payments to any vendor that accepts Mighty Mobile Credz. But now you can also earn money back – PLUS win…

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17
Nov

Man caught stealing diesel in Estcourt, KwaZulu-Natal

A 39-year-old man is due to appear before the Estcourt Magistrates Court on Monday after being caught loading stolen diesel into a truck in Mimosadale, Estcourt. KwaZulu-Natal police spokesperson Captain Nqobile Gwala said around midnight on Friday, police in Estcourt received about a group of people who were spotted stealing diesel and loading it into a truck while tempering with the fuel infrastructure at Mimosadale near Zampumpu Hostel. ALSO READ…

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10
Nov

Sasol rejects demand for shareholder resolutions on climate

South Africa’s second-biggest producer of greenhouse gases has rejected a demand from shareholder activists that it table resolutions at its annual general meetings to align its climate-related goals with the Paris Agreement. The three resolutions from Just Share NPC and the Raith Foundation, which would also make elements of executive pay contingent on meeting the goals, won’t be considered by its shareholders at the November 20 meeting, the company said…

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10
Nov

Want to open your own petrol station? This is how much you’ll need to have in the bank

South Africa burns a lot of petrol – and selling it is an often lucrative business. But be warned, it is not for everyone, there's plenty of red tape, and it isn't cheap. The cheapest stations cost around R1 million, but if you want a popular location and all the trimmings, you can pay 20 times this. Here's how to open your own independent petrol station, or buy an existing…

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10
Nov

Mantashe: We will deal with ‘culprits’ in strategic fuel stock sale

Minister Gwede Mantashe says individuals implicated in the sale of startegic fuel stocks at a value less than what they are worth will face disciplinary action. The department is dealing with the matter systematically and will not leave anyone out, including implicated political leaders, says Mantashe. The department however wants to wrap up a court case first. Minister of Mineral Resources and Energy Gwede Mantashe said disciplinary action will be…

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10
Nov

Here’s how much less you are paying for petrol now than in 2019 – and why it could get even cheaper

South Africans are currently paying 9% - some R1.50/litre - less for petrol than they did a year ago. This is due to the dampening impact of the pandemic on oil demand. One expert believes that another petrol price cut is on the cards for December. For more stories go to www.BusinessInsider.co.za.  As South Africa approaches peak driving season, fuel prices continue to be considerably cheaper than a year ago. The…

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