Transnet Pipelines is looking for drones, spies, and an army of some 150 people to help guard its pipeline network. Thieves are now digging up its pipes and installing their own valves to siphon off fuel, Transnet says. Guarding 3,800 kilometres of pipelines isn't easy, so it wants both a helicopter strike force and help infiltrating criminal syndicates, to prosecute those who sell the fuel in neighbouring countries. Its new…

https://www.news24.com/fin24/companies/industrial/sasol-shuts-troubled-lake-charles-plant-in-hurricanes-path-20200827

https://www.news24.com/fin24/markets/commodities/oil-holds-at-five-month-high-as-hurricane-nears-us-gulf-coast-20200826-2

Fuel prices are set to decrease at month-end. • Petrol to drop by nine cents, while diesel will drop around seven cents a litre. • Stability could change and cause an increase in fuel prices. • For more motoring stories, go to www.Wheels24.co.za As South Africa heads into Level 2 restrictions, and the ban of cigarettes and alcohol sales have been lifted, more good news comes for motorists, albeit only slightly.…

Phillips 66 is converting a crude oil refinery in California into the world's largest renewable fuels plant, the company said Wednesday. The plant will turn used cooking oil, fats, greases, and soybean oil into diesel, gasoline, and jet fuel for the California market, which has a low-carbon-fuel standard. Together with an existing renewable fuels project, the reconfigured plant will produce more than 3 billion litres of fuel a year, beginning…

https://www.news24.com/news24/video/southafrica/news/watch-31-gas-cylinders-stolen-from-petrol-station-in-midrand-loaded-into-minibus-taxi-20200812

https://www.news24.com/fin24/finweek/can-sasol-pass-the-acid-test-20200812  

Aramco, the world’s largest oil producer, is pressing ahead with a plan to pay $75 billion in dividends this year. Weakness in the dollar has been aiding oil in recent weeks, there could be further currency-related gains if stimulus negotiations in the US bear fruit.  In another potential tailwind for oil, analysts are forecasting a drop in American crude stockpiles, which would be the third straight weekly decline. Oil edged…

Oil traded near the highest level in five months amid signals that US coronavirus cases are slowing, boosting optimism that fuel demand may soon turn a corner. Futures in New York rose as much as 2.4% on Tuesday before easing gains as the dollar edged up from session lows, diminishing the appeal of commodities priced in the currency. The number of Americans hospitalised due to Covid-19 fell below 50 000…

National Union of Metalworkers of South Africa said it is part of arbitration at the Commission of Conciliation, Mediation and Arbitration to determine if workers in petroleum should constitute an essential service. The NUMSA statement called the application by employers an attempt to circumvent central bargaining processes. The National Union of Metalworkers of South Africa vowed to fight an application by employers in the petroleum industry to have workers declared…