What is Crude Oil?
Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials.
Crude Oil Suppliers In South Africa
How to buy crude oil in South Africa?
Understand what oil trading is.
Learn what moves the price of oil.
Decide how you want to trade oil with us.
Create your trading account.
Find your opportunity.
Open your first oil trade.
Monitor and close your position.
What are the crude oil companies in South Africa?
BP Southern Africa, Astron Energy, Engen Petroleum, PetroSA, Sasol Oil, Shell South Africa, and TotalEnergies South Africa are the main players in the South African oil industry.
They operate storage terminals and distribution facilities throughout the country.
What is the current crude oil price in South Africa?
| 1 OIL | 1616.87 ZAR |
|---|---|
| 5 OIL | 8084.37 ZAR |
| 10 OIL | 16168.74 ZAR |
| 50 OIL | 80843.68 ZAR |
| 100 OIL | 161687.36 ZAR |
Who buys crude oil from South Africa?
The main destinations of Crude Petroleum exports from South Africa are China ($728M), Spain ($212M), India ($181M), South Korea ($114M), and Thailand ($69.3M).
The fastest-growing export markets for Crude Petroleum in South Africa between 2020 and 2021 were China ($728M), Spain ($212M), and South Korea ($114M).
Is South Africa rich in oil?
South Africa holds 15,000,000 barrels of proven oil reserves as of 2016, ranking 84th in the world and accounting for about 0.0% of the world’s total oil reserves of 1,650,585,140,000 barrels.