Market Pulse - Commodities
Commodities: Oil futures register gains on Saudi comments
Oil futures began the week on a positive footing, as Saudi Arabia said on Monday it would work with other producers to limit oil market volatility.
S&P takes BHP Billiton´s long-term credit rating off CreditWatch
S&P took BHP Billiton´s long-term credit rating off CreditWatch following moves by the metals miner to tie its dividend policy more closely to conditions in the marketplace and its own operating performance.
Chilean mining production plunges in January
Chilean factory output dropped sharply in January as mining output plunged, although retail sales in the Andean country held up.
Genel plummets after slashing reserves estimate
Shares in Genel plunged after the oil explorer slashed its reserves estimate for its largest field almost by half.
Commodities: Oil, gold futures rally corrects as weekend approaches
A marginal recovery in oil prices cooled late on Friday, as US traders appeared to book profits on an uptick seen earlier in the session.
S32 set to start building M&A warchest, Citi says
S32 management´s efforts to cut costs and ensure its assets were generating cash received an endorsement from analysts at Citi on Friday.
Further monetary and fiscal stimulus still possible, Chinese policymakers say
China´s central bank had tools left in its toolbox should they become necessary, the monetary authority´s chief said on Friday.
Further reduction in deposit rate possible, Bank of Japan´s Kuroda says
The governor of the Bank of Japan, Haruhiko Kuroda, said on Friday that a further move of its deposit rate into negative territory was 'technically possible', although he was not exactly sure to what extent.
Commodities: Oil, metal futures take another tumble
Oil futures endured another torrid session on Thursday, with both Brent and WTI front-month futures heading lower.
Petrofac calls in Brammer non-exec
Andrea Abt, a non-executive director at Brammer, is to be appointed as a non-executive director of Petrofac with effect from 19 May.
Commodities: Oil futures jump despite mixed messages from Iran
Oil futures headed higher on Wednesday, following a pledge by major producers to freeze production although Iran’s stance remains far from clear.
Credit Suisse sticks by overweight on Mexican stocks, peso weakness overdone
Credit Suisse stuck to its overweight recommendation on Mexican equities on Thursday, despite the country´s currency having recently behaved like one of the "more fragile emerging market economies".
Commodities: Oil sees mild recovery on US inventory data
Oil futures stemmed declines on Wednesday, as US crude inventory data served as a counterweight to Saudi Oil Minister Ali Al-Naimi’s recent observation of there being no prospect of production cuts.
Fitch Ratings lowers oil price assumption to $35/bbl for 2016
Fitch Ratings has lowered oil price assumptions it uses to rate energy companies, reflecting its view that prices were “increasingly unlikely” to recover this year.
US oil product stockpiles fall in latest week, DoE says
US oil inventories registered another sharp increase in the latest week, but accompanied by equally large drawdowns in those for oil-products.
Low oil prices affecting Suez canal
Canals were the latest industry to be affected by the downturn in oil, with new analysis from Port Overview suggesting the Suez was being particularly affected.
Tristel hikes dividend as interim profit rises 36%
AIM-listed Tristel lifted its dividend and reported a rise in first half profit and revenue as the company’s international expansion continues.
Commodities: Oil futures resume slide, gold recovers
Oil futures resumed their slide on Tuesday, as Saudi Oil Minister Ali Al-Naimi said there was no prospect of production cuts.
Saudi oil minister strikes conciliatory tone towards US shale oil producers
Saudi Arabia´s oil minister struck a conciliatory tone, telling a global gathering of energy industry executives they must "stick together" until markets rebalance and afterwards.
IEA cautions consumers about 'cheap oil'
The International Energy Agency (IEA) has cautioned consumers about ‘cheap oil’ lulling them into a false sense of security.