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

Roy Tilley: The municipal "Rates Randage Monster" strangling South Africa's property owners

Durban businessman Roy Tilley says a deeply flawed municipal rates formula is pushing property owners and small businesses toward a financial breaking point. In this interview, the Queensmead industrial property owner explains why he believes ever-rising rates are becoming impossible to absorb, hurting tenants, jobs and investment, and argues that…
10 Apr 9AM 20 min

BNC#8: Magnus Heystek Q&A - The brutal truth about South Africa’s financial future

A sharp, no-holds-barred conversation on South Africa’s financial reality - rising offshore limits, shrinking property values, and the struggle for economic revival. From Johannesburg’s decline to gold’s surge, and investor psychology to policy failures, this discussion cuts through the noise. It’s a candid look at risk, resilience, and the tough…
10 Apr 6AM 34 min

Boardroom Talk: What to make of yesterday's massive market surge

In this Members Only episode of Boardroom Talk, Alec Hogg unpacks one of the most dramatic 24-hour market reversals in years. After weeks of geopolitical tension driven by the Iran conflict and soaring oil prices, a surprise ceasefire triggered a powerful global rebound — with the JSE leading emerging markets…
9 Apr 11AM 15 min

BNC#8: Anthony Ginsberg Q&A - Inside the $1 trillion deal, US tensions and urgent call to act

Sitting down with Alec Hogg, Anthony Ginsberg discusses South Africa’s economic future, global positioning, and urgent need for pragmatic leadership. From strained US relations and missed trade opportunities to AI disruption and investment potential, the discussion highlights both risk and opportunity. With billions in foreign capital waiting, the message is…
9 Apr 8AM 40 min