Strait Of Hormuz

The platinum market recorded a surplus in the second quarter of the year, for the second successive quarter, at 244 000 oz, industry organisation the World Platinum Investment Council’s (WPIC’s)... 

Goldman Sachs raised its Brent and West Texas Intermediate (WTI) crude oil price forecasts by $5 a barrel for December 2026 and 2027, citing an expectation that shipping disruptions in the Middle... 

The Minerals Council South Africa says mining input cost inflation moderated further in July, reflecting a temporary easing in fuel and crude oil prices. The council’s mining composite input (MCI)... 

South African petrochemical firm Sasol said on Tuesday its annual profit rose 9% from a year ago, buoyed by higher crude oil prices and increased fuel sales volumes.  Sasol's headline earnings per... 

Mining explosives and chemicals group AECI is preparing to invest between R700-million and R900-million to modernise its historic Modderfontein facility, in Gauteng, which the group views as key to... 

The global economy has weathered the Iran war energy shock better than feared, International Monetary Fund MD Kristalina Georgieva said on Tuesday, but she raised concerns about deteriorating... 

Australia's largest independent dedicated oil and gas company Woodside Energy on Tuesday abandoned a longer-term emissions target and $5-billion in planned clean energy spending by 2030 to focus on... 

US refineries have operated near maximum capacity for the longest sustained period in over a quarter century,scrambling to capture windfall profits created by the Iran war. But history offers a... 

Six European Union countries want the 27-nation EU to discuss in September a mechanism to tax windfall profits of oil companies triggered by Iran's blockade of the Strait of Hormuz, a letter by... 

The metals complex has remained well-supported so far this month, extending the upward momentum from late June, BMI, a Fitch Solutions company, points out. It explains that this is underpinned by a... 

Norsk Hydro's Alunorte refinery in Brazil has started ramping up alumina production to full capacity after reaching a temporary agreement with its gas supplier, the Norwegian company said on... 

China’s decade-plus quest to replace oil with coal in chemicals production is paying off for industry leader Ningxia Baofeng Energy Group, which pulled in record profits as crude prices soared... 

Global oil supply will fall by 4.3-million barrels per day (bpd), or around 4%, this year, the International Energy Agency (IEA) said on Wednesday, as renewed hostilities in the Middle East disrupt... 

Emirates Global Aluminium (EGA) said on Wednesday its Al Taweelah smelter was operating at 18% of capacity and is expected to return to prior output levels in early 2027. An Iranian strike in... 

Mining explosives and chemicals group AECI is preparing to invest between R700-million and R900-million to modernise its historic Modderfontein facility, in Gauteng, which the group views as key to... 

While the closure of the Strait of Hormuz has increased paraxylene (PX), purified terephthalic acid (PTA) and mono ethylene glycol (MEG) prices, outright supply shortages have been limited, with... 

The global repercussions of the ongoing US-Iran War and the Persian Gulf crisis have exacerbated the urgency for Africa to accelerate its energy transition and industrialisation goal, says... 

The ongoing US-Iran war, and resulting disruption of the Strait of Hormuz, continues to  impact critical industries including fertiliser production, which could have implications for African food... 

Sasol, the world’s largest producer of fuel from coal, is reaping the benefits of a surge in fuel prices due to the Iran war, while helping shield its home market of South Africa from the resulting...