(Reuters) - South Africa's Sasol, the world's top coal-to-liquids maker, will hedge 45,000 barrels of oil per day or 30 percent of its synthetic fuels production for its 2008 financial year, the company said on Thursday.
Under the hedge, Sasol has a floor price of $62.40 per barrel, based on monthly average dated Brent crude oil prices, and will forego the upside on the hedged volumes should the monthly average dated Brent price exceed $76.80 per barrel.
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