by Gerhard Engelbrecht | Sep 18, 2020 | Chemicals
Sasol’s spot earnings increased this week as oil prices recovered and petrol cracks in particular increases significantly. Diesel cracks remain negative, however. FY21 spot earnings are at R5.86/share while we expect a loss of R2.92/share at the LCCP at...
by Gerhard Engelbrecht | Sep 11, 2020 | Chemicals
Sasol’s spot earnings continue to decline and FY21 spot earnings is at R3.23/share. Oil prices declined by almost 8% this week and refining margins remain particularly weak. Diesel crack spreads turned negative this week while petrol cracks are at...
by Gerhard Engelbrecht | Sep 10, 2020 | Chemicals
Fuel taxes and duties: Government imposes a levy as well as an excise duty on liquid fuel sales in South Africa. Fuel levies have been adjusted each year, but the excise levy has been constant for many years. Government revenues from these...
by Gerhard Engelbrecht | Sep 3, 2020 | Chemicals
Sasol’s spot earnings continue to decline are oil prices and refining margins decline. Diesel cracks in particular are sharply lower this week. FY21 spot earnings are at R4.19/share. At spot prices the LCCP loses around R4.01/share.Refining margins...
by Gerhard Engelbrecht | Sep 3, 2020 | Chemicals
Monopoly gas supplier: Sasol is the main supplier of natural gas in the South African market and sells natural gas produced at the Mozambican gas fields, as well as methane rich gas produced at the Synfuels facility to customers in South Africa and Mozambique.New...
by Gerhard Engelbrecht | Aug 28, 2020 | Chemicals
We highlight the following: The Lake Charles television channel (KPLCTV) is expecting Laura to be a more severe hurricane than hurricanes Rita and Ike that created significant damage in the area in 2005 and 2008 respectively. At this point the hurricane is seen...
