Sasol goes cold on converting gas and coal…

Sasol of South Africa, one of the world leaders in technology for converting natural gas and coal to liquid fuels, has said new investments in the process are unattractive on economic and environmental grounds.It shows how…

Refinery demand, not OPEC, is the key to…

Now, there are signs three years of oversupply are coming to an end. Brent has flipped into backwardation, meaning prices for immediate delivery are higher than contracts for future shipment. That is a sign traders…