Market Pulse - Commodities
Commodities: Iranian oil shipments rose sharply in April, report says
There was a soft tone to the commodities patch on Thursday as the US dollar strengthened for another session, egged on by the unexpected decision taken by the Monetary Authority of Singapore to shift towards a ‘neutral’ zero per cent rate of appreciation in its currency.
IEA ses oil market close to balance in second half of 2016
Crude oil markets worldwide would return close to balance in the back half of 2016, the rich world's energy watchdog said.
Commodities: Oil futures slide on Saudi comments, US inventory data
Oil futures stayed above the $40 per barrel mark on Wednesday, but the rally in play from the start of the week fizzled out on dire US crude inventory data and Saudi Arabia ruling out an output cut.
Gulf Intelligence: Oil Outlook - Top five drivers impacting crude prices in 2016
By Sean Evers, founder and managing partner of Gulf Intelligence.
Commodities: Oil futures extend upticks, base metals rally
Global oil benchmarks extended their run above $40 per barrel level on Tuesday, riding high on the approaching crucial talks between OPEC and non-OPEC crude producers scheduled for 17 April in Doha, Qatar.
Commodities: Oil futures hold firm above $40/bbl as Doha talks draw near
Global oil benchmarks steadied above the $40 per barrel level on Monday, as crucial talks between OPEC and non-OPEC crude producers scheduled in Doha, Qatar for 17 April drew market chatter.
Fitch downgrades Saudi Arabia's sovereign bond rating
One of the world's three main ratings agencies downgraded Saudi Arabia's long-term sovereign debt as its analysts marked down their projections for the price of crude oil in 2016 and 2017, although the agency pointed out that the Kingdom's level of debt-to-gross domestic product continued to be much lower than that of its peers.
Commodities: Oil spikes 5% on inventory drawdown, Keystone outage
Oil futures rose by over 5% on Friday, as long trades gained traction once again on the back of an unexpected US crude inventories dip and the shutdown of the Keystone pipeline stateside.
Commodities: Oil futures slide on Iraqi production data
Oil futures fell back into negative territory on Thursday, after bullish calls following an unexpected dip US crude oil inventories petered out and Iraqi data pointed to an above average crude exports figure.
Commodities: Oil futures rise on US inventory data, Kuwaiti comments
Oil futures reversed declines on Wednesday, following bullish comments from OPEC member Kuwait and an unexpected decline US crude inventories.
US competition authorities move to block Halliburton's bid for Baker Hughes
US authorities filed a lawsuit to block Halliburton's bid for rival Baker Hughes.
LGO Energy mobilises second rig at Goudron
LGO Energy was pressing ahead with the restoration of production at Goudron Field in Trinidad on Wednesday, moving a second rig to join current operations at the site.
Commodities: Oil retreats further, precious metals bounce back
Oil futures extended declines on Tuesday, on the back of an Iran-inspired price pullback while precious metals staged a recovery following a lacklustre start to the week.
Commodities: Oil producers' war of words escalates market volatility
Oil futures endured another volatile trading session on Monday, as the negative impact of the ongoing war of words between Iran and Saudi Arabia spilled over into the new trading week.
Mid-East shares move lower, Russian oil output holds near record levels
Stocks across the Middle East traded lower on Sunday, following remarks from Saudi Arabia´s deputy crown prince that appeared to cast doubt on the likelihood that the world´s major oil producers would agree to freeze output when they met in Doha.
Commodities: Oil futures slide on Saudi comments
Oil futures headed lower on Friday, after Saudi Arabia said it would freeze production only if other major producers did the same.
Saudi will only freeze its oil output if Iran does the same, top official says
Saudi Arabia would only freeze its oil output If Iran did the same, one of the highest ranking Saudi officials said.
Mike Linn to leave Centrica’s board
Centrica’s non-executive director Mike Linn will not be standing for re-election at the company’s forthcoming Annual General Meeting.
BP veteran to join Premier Oil board
Premier Oil has appointed industry veteran Iain Macdonald as an independent non-executive director with effect from 1 May.