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.
Recommendedby NEWSROOM AI
Andy Rice knocks TUC biscuits for a tweet that seems to make fun of listeriosis.
The Money Show’s Bruce Whitfield interviews former Sars spokesperson Adrian Lackay.
The Money Show’s Bruce Whitfield interviews Norton Rose Fulbright Director in Litigation Lauren Fine.
Sleep is as vital for complex life as food, water and oxygen. Bruce Whitfield interviewed FAB Quotient's Joni Peddie.
The Money Show’s Bruce Whitfield interviews Vlismas about his attitude to money (hopes and fears, successes and failures, etc.)
Bruce Whitfield interviews Dragons' Den Judge Vusi Thembekwayo, author of “The Magna Carta of Exponentiality”.
Cricket writer Neil Manthorp, says there are alleged discrepancies between the report from match referee, Jeff Crowe
AfriForum CEO Kallie Kriel says they cannot sit back while government does to this country exactly what happened in Zim.
A caller shares her frustration at the response by white people of the news that Stephen Grootes is leaving 702.
Analyst explain how expropriation of land works in the South African landscape.
Experts are at odds as to whether the orgasmic pleasure point really exists.
Immigration lawyer Gary Eisenberg explains the new rules for South Africans applying for a Schengen visa
Shabir Shaik refutes media reports that he has been subpoenaed to testify against former president Jacob Zuma.
The former principal of the school in Pinelands in Cape Town allegedly used the money for a holiday and golf membership.
Bruce Whitfield interviews Francois Janse van Rensburg, author of “Making Money through Buy-To-Let in South Africa".
Elon Musk, as you’d expect, hails from an exceptional family. Bruce Whitfield interviews his Capetonian father.