Crude oil live rate forex - Rising oil prices may fuel JSE’s resources companies

Maqubela said the the rising crude oil price presented the biggest threat to the South African economy.

Oil - Brent Crude

So we must find ways of dealing with that. We must find our own oil.

That is the only way. Maqubela said even though South Africa did not import oil from Iran, Crude oil live rate forex Africans would feel the impact of the high oil prices in fuel prices. Meanwhile, Maqubela said the Department of Energy would involve other departments in its dealings with the petroleum industry with regard to the refinery upgrades needed for the move to clean fuels.

There is lingering uncertainty about how the oil companies would recoup the costs of upgrades. He said the government had already taken steps to support the industry.

For instance, National Treasury has introduced accelerated depreciation as ceude of the options to compensate for the investment in clean fuels. The msiexec waitforexit came back, saying the accelerated depreciation does not go far enough.

Crude Oil Trading

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