Members of the Organization of the Petroleum Exporting Countries (Opec) on Wednesday committed to their first oil production cuts since 2008.
This sent the price of oil up by 8% to over $50 per barrel.
The Money Show’s Bruce Whitfield interviewed Gary Booysen, Director at Rand Swiss.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
These cuts still don’t balance the oil market.— Gary Booysen, Director at Rand Swiss
Opec is almost folding.— Gary Booysen, Director at Rand Swiss
The US shale gas producers are surviving [at these low oil prices].— Gary Booysen, Director at Rand Swiss
There’s been enormous advances in shale, though some producers have gone out of business.— Gary Booysen, Director at Rand Swiss
The world has to wean itself off oil.— Gary Booysen, Director at Rand Swiss
We don’t see a return to $80 a barrel.— Gary Booysen, Director at Rand Swiss
This has lit a fire under Sasol.— Gary Booysen, Director at Rand Swiss
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.
The Money Show’s Bruce Whitfield interviews Dracore Data Services CEO Chantelle Fraser.
The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.
The Money Show’s Bruce Whitfield interviews Stuff magazine’s Toby Shapshak.
Bruce Whitfield interviews Peter Hain (Wits Business School) and Steven Powell (Director in Forensics at ENS Africa).
The Money Show’s Bruce Whitfield interviews the former CEO of Africa’s largest retailer by far.
Sassa says text messages making the rounds asking beneficiaries to come and renew their Sassa cards is a hoax.
ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.
City of Johannesburg has urged residents to respect by-laws and the times set for fireworks to be used.
After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?