Market Pulse - Commodities
Saudi Aramco to choose boutique investment bank Moelis to advise on IPO
New York-based investment bank Moelis & Co has reportedly been chosen by Saudi Aramco to advise it on its massive initial public offering.
Copper futures jump on reports strike at BHP's Escondida to begin Thursday
Copper futures jumped early on Wednesday morning amid news that talks between BHP Billiton and workers at its Escondida mine had broken down.
Moller Maersk's full-year results crater amid impairments
Danish oil field services firm Moller Maersk's full-year profits cratered as a result of multi-million dollar impairments linked to its Drilling and supply units.
Commodities: Crude flops as bets for black liquid price gains fail to pay off
Crude-oil futures are heavily lower on Tuesday afternoon -- its worst two-day tumble in a month -- as bets on the black liquid's hoped-for price rise failed to pay off.
Commodities: investors flock to gold, shun equities amid political uncertainty
Gold futures are in northbound focus Monday afternoon as investors flock to the yellow metal amid a politically motivated sell-off in equities.
Liberty House may pursue partial London listing by 2018
Liberty House Group was reportedly eyeing a partial listing of its business in London by 2018.
Credit Suisse sees potential for copper to outperform, likes Glencore
Credit Suisse projected slowing copper supply growth over the medium-term following the latest quarterly production updates and guidance from the miners under its coverage, leading its analysts to single out Quantum Minerals, Lundin, Boliden and Glencore as its preferred names.
Commodities: Crude firms on new Iran sanctions as copper ebbs on China rate hike
Crude-oil futures are firming moderately on Friday afternoon as the US imposed fresh sanctions on Iran for testing its ballistic missile programme.
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Chinese factory sector activity cools more than expected in January, PMI shows
China´s economy may have lost some momentum at the beginning of the year, economists said following the release of a weaker than expected reading on the country´s factory sector, but some signs in the report pointed to more robust external conditions helping to prop up demand.
Commodities: Copper could hit $3.0 per pound mark, Barclays says
Energy and metals futures declined on Thursday, acting as a drag on the entire complex.
Shell posts weaker than expected fourth quarter earnings
Oil giant Royal Dutch Shell posted weaker-than-expected fourth quarter profits in part due to extraordinary charges.
Fossil fuel demand growth could peak by 2020, new research suggests
New research has shown that fossil fuel growth may come to a grinding halt as soon as 2020, as price of electric cars and solar power continue to fall.
Glencore production in line with guidance, with suspensions in copper, zinc, coal
Anglo-Swiss miner Glencore said that that its production was in line with guidance for 2016 with an increase in nickel mined and production suspended for copper, zinc, coal and oil.
Commodities: Dakota Access line set for approval
Gains for energy and agriculture futures buoyed the commodity complex even in the face of a rebounding US dollar.
Sector movers: Cyclicals bounce back, Evraz in the lead
There was a clear split in the market on Wednesday as cyclicals bounced back and the more defensive segments of the market were relegated to the bottom of the pile.
Saudi oil minister praises Trump, says policies will benefit industry
Donald Trump's policies will be beneficial for the oil industry, and subsequently for Saudi Arabia, the country's oil minister has said.