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FOSSIL FUELS REBOUND: Energy companies cash in on oil and coal market recoveries

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In April 2020, oil prices collapsed into negative territory as the ‘Great Lockdown’ brought the global economy shuddering to a halt. A spate of recent trading updates and financial results on the JSE underscores the scale of the subsequent fossil fuel ...

August 4, 2022

Energy companies cash in on oil and coal market recoveries by Ed Stoddard, Daily Maverick August 4, 2022 Glencore on Thursday unveiled sizzling half-year earnings boosted by its exposure to energy markets, while Sasol said in a trading update that oil prices were a key factor behind its expectation that its annual earnings would rise by as much as 56%.

This article first appeared on Daily Maverick and is republished here under a Creative Commons license.

 

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