Market Pulse - Commodities
Date of next meeting of participants in Doha oil talks unknown, report says
The date and venue for talks between the participants at the Doha oil meeting are so far unknown, Interfax reported citing Venezuela’s embassy in Caracas.
Commodities: Oil rally extends to fourth successive session
Oil prices rallied on Thursday for the fourth successive session, with Brent and WTI futures posting gains for much of the European afternoon.
Total’s outlook revised to ‘negative’ by Fitch Ratings
Fitch Ratings has revised French oil major Total’s outlook to ‘negative’ from ‘stable’ but affirmed its long-term Issuer Default Rating (IDR) at 'AA-'.
Oil and gas sector's liquidity stress deteriorates to "worst-ever level", Moody's says
Liquidity stress in the oil and gas sector, as measured by Moody’s, has deteriorated to levels last seen in 2009; the worst on record since the ratings agency began researching the issue.
BHP Billiton hit by Moody's downgrade with 'negative' outlook
Ratings agency Moody's has downgraded BHP Billiton and its subsidiaries to A3 from A1, with a ‘negative’ outlook.
Commodities: Oil futures head sideways on US inventory data, IEA comments
Oil prices headed sideways on Wednesday, with Brent and WTI futures alternating between losses and gains for much of the European session.
Exxon Mobil slashes capex budget by a quarter
Exxon Mobil announced it would slash its investment budget by a quarter in 2016 in order to ride out the current downdraft in the commodities cycle.
Commodities: Oil futures inch higher, but gold retreats
Oil futures saw a second successive session on positive turf, as Brent and WTI futures registered appreciable gains on Tuesday.
Fed's Dudley somewhat less confident of meeting inflation target
A key US rate-setter flagged increased risks that the central bank might no longer be on track to meet its medium-term inflation target.