Sasol hedges its bets

South African petrochemicals firm Sasol has hedged 45,000 barrels of its daily synthetics fuel production, around a third of total national output, to protect it if oil prices fall, the firm said today.

Locking in benefits: Sasol is hedging supplies forward against a fall in oil prices.
Locking in benefits: Sasol is hedging supplies forward against a fall in oil prices.
Published 28 June 2006, 16:47Updated 6 October 2016, 11:50
Africa