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Sasol dividend fades as oil falls
2015-01-20 09:49:52| Chemicals - Topix.net
Dividend payouts from Sasol, the largest global producer of motor fuel from coal, will be under threat from next year should oil continue its retreat, according to Nedbank Capital. While the Johannesburg-based company would make payouts this year, the more than halving in the price of Brent since the end of June was cutting prospects beyond 2015, said Mohamed Kharva, a research analyst at the Nedbank Group unit, who has a buy recommendation on the stock.
Tags: oil
falls
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fades
Oil falls towards $48 following worldwide economic growth forecast cut by IMF
2015-01-20 01:00:00| Offshore Technology
The price of Brent crude oil dropped towards $48 a barrel today following a reduction in the worldwide economic growth forecast for 2015 by the International Monetary Fund (IMF).
Schmidt back on Agrium board of directors after Louis Dreyfus job falls through
2015-01-19 20:53:16| Chemicals - Topix.net
Agrium Inc. said Monday that Mayo Schmidt, a former head of the Saskatchewan Wheat Pool and its successor, Viterra Corp., has rejoined the company's board of directors. Schmidt resigned from the board late last year in anticipation of taking a job as chief executive of Louis Dreyfus Commodities.
U.K.'s Shale Gas Revolution Falls Flat Just 11 New Wells Planned 2015
2015-01-19 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The UK governments planned shale gas revolution has barely got out of the starting blocks with just 11 new exploratory wells for shale gas and oil due to be drilled this year even before the impact of plunging oil prices has fully begun to impact on the industry. David Cameron has said the government is going all out for shale but just a handful of new wells are in line to be created in 2015 and just nine wells eight new and one existing have been announced as candidates for fracking. ...
Price of Brent crude oil falls further amid record oil production in Iraq
2015-01-19 01:00:00| Offshore Technology
The price of Brent crude oil declined below $50 a barrel following the announcement of record oil production in Iraq for December.
Tags: price
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