Why oil prices fell off a cliff but left Sasol behind: energy expert. LISTEN!

Earlier this week, oil prices plunged into negative terrain. This was an unprecedented move with South African asset management experts noting that they had never seen this development in their careers. In a clear sign that global Covid-19 lockdowns have eliminated demand for oil, pollution levels from oil-related emissions have been clearing to reveal Himalayan mountain tops and ocean life in Italian tourism hotspot Venice. But there's more to the oil price plunge than most of the world's passenger vehicles standing idle, with the commodity subject to complex contracts and supply factors, including international wrangling between oil-producers like Saudi Arabia, Russia and the US. In this highly informative podcast, Justus Van der Spuy, a global expert on energy markets, demystifies the oil price collapse. He also discusses, with BizNews editor-in-chief Alec Hogg, why energy and chemicals company Sasol, which has taken a severe battering on the JSE in recent months, was relatively unaffected by the sharpest oil price shock in living memory. - Jackie Cameron Learn more about your ad choices. Visit megaphone.fm/adchoices