Oil dips amid worry about supply glut

Oil dips amid worry about supply glut

2020-10-21 08:42:00 AM

Oil dips amid worry about supply glut

Brent falls after an unexpected increase in US stocks, while a spike in Covid-19 cases fuels fears of slower recovery in fuel demand

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WATCH: EFF member goes viral for addressing systemic oppression, racism

Jack Markovitz, the grandson of a former DA MEC, said the situation in Brackenfell was the same as every white neighbourhood in South Africa: racism was instilled in people.

Why don't they stop drilling for more then? keepitintheground

Covid-19 and Chinese demand factors push oil prices downWorldwide Covid-19 cases crossed the 40-million mark on Monday, according to a Reuters tally

Oil falls as China’s economic growth fails to hit forecastsWorld’s second-largest economy only expanded 4.9% in third quarter from a year earlier

LOOK: Thousands of litres of crude oil spills into Umbilo RiverDurban-based environmental lobby group, the South Durban Community Environmental Alliance is calling for action to be taken after hundreds of thousands of litres of crude oil spilled into the Umbilo River this week.

Pipeline theft sees crude oil flow into Durban riverThe KwaZulu-Natal government is scrambling to clean a crude oil spill into Durban's Umbilo River which poses an environmental risk. The truth will come out

Shale oil is alive and fracking despite low pricesOil companies with relatively comfortable investment-grade ratings are buying smaller rivals on the verge of relegation to junk

Pipeline theft sees crude oil flow into Durban riverAccording to economic development, tourism and environmental affairs MEC Nomusa Dube-Ncube, a “pipeline theft incident” saw the oil spill into the river in the Bellair area.