RE: Holding the shares down in the boondocks4 Sep 2024 12:44
Charlie, oil markets being hit hard, those in hard to get to market, will be hit even harder, with OPEX costs increasing, some will suffer in this low oil price market,
So pleased JSE has diversified into Gas Exports at guaranteed prices for the foreseeable.
The oil price decline came during a broader sell-off in world markets, with shares falling and expectations of fading global growth hitting riskier assets.
That poses a challenge for OPEC+, which Reuters reported last week was still set to proceed with a planned oil output hike from October. Any further increase in supply could push prices even lower.
Brent crude futures fell 17 cents, or 0.2%, to $73.58 by 0916 GMT, after the previous session's fall of 4.9%. U.S. West Texas Intermediate crude futures were down 20 cents, or 0.3%, at $70.14, after dropping 4.4% on Tuesday.
its now wonder PTAL are in decline?