Former Glencore trader Anthony Stimler paid large bribes to African officials and intermediaries. He is now helping the US government investigate Glencore and his former colleagues. Now Glencore and some of its executives face the prospect of steep fines and prison in a far-reaching investigation of tactics in numerous countries and commodity markets. When Anthony Stimler left Glencore in August 2019, he had two big secrets: For a dozen years,…

Oil producer Oman warned Thursday that crude prices could soar to $200 a barrel as it criticised the International Energy Agency's ambitions of halting new fossil fuel projects to combat climate change. The IEA called in May on for a halt to new investment in oil, gas and coal extraction in order to boost chances of holding down the dangerous rise in global temperatures. But Oman's energy minister, Mohammed al-Rumhi,…

Sasol's partnership with the Central Energy Fund (CEF) would allow it to explore low-cost gas import locations. The state-owned CEF is tasked with ensuring the country's energy supply. The companies have dedicated resources aimed at expanding the Southern African natural gas market. Sasol and the Central Energy Fund (CEF) have signed a memorandum of understanding which will allow them to collaborate on accelerating the development of gas resources in the…

The government has published regulations that lower the sulfur content allowed in South Africa's diesel fuel, which may force some oil refineries to upgrade in order to meet the standards. Diesel grades allowed for sale may not exceed 10 parts per million, or ppm, according to a government notice on petroleum product regulations dated 31 August. The rules will come into effect in September 2023. Climate-change regulations are prompting a…

Contrary to expectations, the price of both 93 and 95 unleaded and lead-replacement petrol will increase by 4 cents per litre on Wednesday, the Department of Mineral Resources and Energy said. Diesel prices will go down by 15.22 cents per litre for 0.05% sulphur and 14.22 cents per litre for 0.005% sulphur. Paraffin will drop by 15 cents per litre, the department said on Tuesday. Petrol and diesel prices are…

Production of leaded gasoline has ended worldwide now that the last refinery has exhausted its supply of the fuel that’s been poisoning the air for almost a century. The end of the toxic fuel follows intense diplomatic efforts by the U.S. and the United Nations over the past two decades, the UN’s Environment Programme said in a statement. The global ban will prevent about a million premature deaths annually from…

The latest calculations by the Central Energy Fund show that – at the current levels of the rand-dollar exchange rate and oil prices – diesel and fuel prices may be cut in September. Currently, 95 unleaded petrol looks set for a cut of 11c a litre, while 93 petrol may be lowered by almost 15c and diesel looks due for a 24c decline. Paraffin may be lowered by almost 16c. There is…

Misfuelling is a common occurrence. • Black and green handles at petrol stations indicate diesel and petrol, respectively. • Components like the fuel pump, injector, filters, and fuel tank can be affected when the wrong fuel is added to a vehicle. • For more motoring stories, visit Wheels24. It seems like an unfathomable concept, but the possibility exists for someone to have the incorrect type of fuel thrown into their diesel or petrol-powered vehicle.…

Lebanese leaders agreed to a short-term compromise to maintain fuel subsidies on Saturday, the presidency and prime minister's office said, in a move set to trigger more price hikes. Earlier this month, the central bank said it could no longer support fuel imports at a preferential exchange rate, in what many saw as a de facto end to subsidies. Widespread panic ensued, with distributors scaling back deliveries until new prices…

Lebanese leaders agreed to a short-term compromise to maintain fuel subsidies on Saturday, the presidency and prime minister's office said, in a move set to trigger more price hikes. Earlier this month, the central bank said it could no longer support fuel imports at a preferential exchange rate, in what many saw as a de facto end to subsidies. Widespread panic ensued, with distributors scaling back deliveries until new prices…