On Thursday 7 February French oil and gas company, Total, announced a major discovery.
It discovered gas condensates 175km off the coast from Mossel Bay in the Western Cape.
This discovery was termed as ‘world class' by Total.
President Ramaphosa mentioned it in his state of the nation address.
And it's been a talking point in many newspapers these past two weeks.
So how big ... ››› more
How to get your trading questions answered by Timon himself
Q. “Timon, I'm sorry to ask you on Twitter but I need to know. Where can I ask my trading and investing questions to get answers direct from FSP Invest analysts”
A. You may ask all your questions in the comments in the Q&A section of our Facebook page by clicking here.
If you don't have Face... ››› more
Today's prediction will provide you with a bitter sweet taste.
On the one hand, we can expect the oil price to shoot up this year which will mean higher petrol and consumer prices.
On the other hand, we can bank a decent profit from the rise in oil with three different ways.
Today I'm going to discuss why I expect oil to shoot up from here to $80 and how you can profit in three differe... ››› more
South African stocks ended 2018 as the worst year since 2008.
The FTSE/JSE Africa All Share Index ended the year down 11%, its worst performance since 2008. But this was still better than the emerging market average of -17%...
It's fair to say that 2018 was a torrid year for investors especially considering it started very promising with SA's new president replacing Zuma…
But a strin... ››› more
2018 was a wild year for investors as almost everything except cash produced negative returns. Brent crude was down 19.5% for the year, sending Sasol back to where it started the year after staging a spectacular rally above R580.
The R400 support level has proven to be a strong support level, which buyers have defended.
Take a look at the chart below.
The Oil pr... ››› more
In just one month, Brent Crude has dropped from $85 down to $65 per barrel and the media is going crazy.
Last week mainstream media headlines read:
“Brent enters bear market”
“How Brent Crude has just crashed in just six weeks”
“Will we see $40 per barrel again”
So why am I predicting Brent Crude will rise to $90... ››› more
On 27 June I told Money Morning readers I expected the oil price to drop.
That week saw the oil price start a slide which has been its longest downturn in three years!
As you can see, the oil price has had seven weeks of downturns following end of June. This past week has seen it halt the decline, but I don't foresee this as a sustained upturn.
Simply put - oil shouldn't trade above $70 a... ››› more
Brent Crude has been in the spotlight this month.
There's conflict between the analysts and the big banks, on where they expect the price to go.
On the one side, many analysts expect the price of oil to hit new highs at $80.68 per barrel. They believe there may be a strain on supply in the next couple of months, due to the US trade sanctions on Iran and the Venezualan crisis.
On t... ››› more
At the rate, the rand is weakening, and with a stronger oil price, we could see R20 petrol by end of 2018.
At least that's what some economists are saying.
But if it happens, it won't be due to the oil price.
In fact, I foresee that the oil price is in for a dip soon…
You my be interested in...
Get started with as little as R500 a month
And it... ››› more
In 1973, Egypt and Syria launched an attack on Israel.
During this war, Israel was supported by its close ally, the US.
In response to US support, the Organisation of Arab Petroleum Exporting Countries (OPEC), who control much of the world's oil market, implemented an oil embargo against the US and its allies.
Consequently, the price of oil soared from $3 a barrel to $12 a barrel.
... ››› more
WTI Crude oil hit a low of $22 a barrel in early 2016. It then rose for much of the year, ending the year at $53.
But since the start of 2017, the oil price is down around 12% to $46.60.
So, with the oil price at lows, should you look at investing in the oil sector again?
Is demand growing fast enough or is supply still too high?
Get everyt... ››› more
Fun times we're living in.
We have two scenarios with oil in South Africa.
Oil goes up in price and the petrol price goes up.
Oil goes down in price and the petrol price STILL goes up.
So clearly, no matter which way the oil price goes, we are still going to pay higher petrol prices.
But there are ways to profit from the oil price, by just using one simple line.
Today I'm going to... ››› more
JSE All Share marginally positive, up 0,7%
After several volatile weeks, due to policy uncertainty, some calm appears to have returned to the markets. The JSE All Share Index was up 0,7% last week. Resources were down 3%, while Industrial's up 1,8% and Financials' up 2,5% lifted the markets overall.
Brent Crude up 5%
Russia indicated it would support a cut in output if adopted by Opec. Ma... ››› more
Times are tough and they're only going to get worse. According to the department of energy, you can expect the price of petrol to go up by at least 11 cents per litre tonight. Diesel will increase by 42 cents per litre. The price of paraffin is going up by 43 cent per litre.
The main reason for the fuel price increase is related to the fact that petroleum product prices are going up. Fortunatel... ››› more
Remember to fill your tank on your way home from work tonight. Due to the weakening and the price increase of petroleum related products on international markets, the price of petrol is increasing at midnight tonight.
The petrol proce will increase by 52 cents a litre and the diesel price will rise by 76 cents tomorrow. As long the rand continues to weaken against the dollar, you can expect th... ››› more
Black Gold, Texas Tea or oil. Call it what you like, it's not looking good.
However, we have the perfect instrument you can use to profit with during the oil crash.
Black Gold, Texas Tea or oil. Call it what you like, it's not looking good.
Crude Oil is the most traded commodity on the planet. Over the last 100 years, oil has been a huge catalyst for the world economy. In fa... ››› more
In the middle of last year, the oil price started its decent. This year, the price of oil has struggled to get above $60 a barrel.
In the past when demand for oil ebbed, producers pulled back production to help the price out. But this time around, producers continue to pump oil out of the ground.
This leaves the industry with a bit of a problem. What to do with all the excess oil? But this p... ››› more
The most traded commodity in the world is also the most disappointing commodity in the world.
The oil industry has taken off to new heights. And by new heights I'm certainly NOT talking about revenue or prices.
I'm talking about the ridiculous increase in oil production per day.
Back in 1980, we had around 59 million barrels of oil produced per day. This year we have over 85 million barrels... ››› more
Standard Bank Oil exchange traded note (ETN) tracks the performance of the West Texas Intermediate oil price in dollars per barrel. The ETN has a listing on the Johannesburg Stock Exchange…
Full name: Standard Bank Oil ETN
Short name: SBOIL
Sector: JSE listed notes
Five top facts about Standard Bank Oil ETN
ETNs are debt instrum... ››› more
With the oil price sitting at its current levels, it's hard to imagine growing demand for energy.
But demand for energy is set to grow.
So how can you profit from the growth for energy?
Read on to find out…
The world’s growing energy demands
Have a look at the chart below showing projected energy demand for the world until 2030…
From t... ››› more
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