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G7 begins to press Russia on Ukraine with oil price cap

by Wendy Mothata

5 December 2022, 10:40 AM

A Group of Seven (G7) price cap on Russian seaborne oil came into force on Monday as the West tries ...

Brent crude LCOc1 was up 64 cents, or about 1.1%, at $59.28 a barrel at 0255 GMT, US crude CLc1 was up 55 cents, or 1%, at $55.42 a barrel.

Oil prices climb after Saudi oilfield attack, but recession worries drag

by Bomkazi Malobola

19 August 2019, 7:05 AM

Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as ...

A survey of 32 economists and analysts forecasts the North Sea Brent crude oil benchmark will average $69.13 per barrel in 2019, more than $5 lower than last month's projection.

Oversupply, faltering growth to weigh on oil prices in 2019: Poll

by Richard Brooks

31 December 2018, 3:33 PM

Crude oil prices look likely to trade below $70 per barrel in 2019 as surplus production, much of it from ...

International Brent crude futures, by contrast, lost ground trading at $78.07 per barrel, down 8 cents from their last close.

US oil prices rise as Gulf oil rigs evacuated ahead of hurricane

by Tshepiso Moche

4 September 2018, 6:34 AM

US oil prices rose on Tuesday, breaking past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated ...

Reserve Bank Governor Lesetja Kganyago says the MPC will maintain its vigilance to ensure inflation remains within its target range of between 3% and 6%.

Reserve bank to remain ‘vigilant’ on inflation target range

by Buchule Putini

25 May 2018, 6:12 AM

The Reserve Bank has cited the recent VAT increase and electricity tariff hikes as the biggest risks to the inflation ...

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