Market Pulse - Commodities
Sector movers: Saudi pledge boosts oil majors, Rolls Royce set to stall
A pledge by Saudi Arabia and Russia to do "whatever it takes" to cut global oil stockpiles back down to size boosted oil firms' share prices.
Broker tips: Gemfields, Dignity, Ibstock
Analysts at Macquarie sounded a positive note on Gemfields's stock despite what it said was the short-term issue of lower grade production.
Macquarie lowers Gemfields target, eyes potential upcoming catalysts
Analysts at Macquarie sounded a positive note on Gemfields's stock despite what it said was the short-term issue of lower grade production.
Saudi Arabia and Russia agree nine-month oil output cut deal
Saudi Arabia and Russia agreed to a nine-month extension of the supply cuts agreed to in November 2016, issuing a strongly worded statement that sparked gains in crude oil futures.
Commodities: Crude slips as market looks ahead to Opec, demand-side factors
Crude oil surrendered some of its recent gains inspired by greater than expected slides in US stores last week, with traders already looking much further ahead to Opec's next meeting.
Commodities: Crude prices continue to rise on surprise US inventories drop
Prices for the crude-oil futures continued their drive higher on Thursday thanks to surprise falls in US-inventories reported this week, although some in the market remain cautious heading to Opec's late May meeting.
Commodities: Crude firmly ahead after US inventories fall more than expected
Crude-oil futures are pricing firmly higher on Wednesday after two sets of closely watched US data showed bigger than expected draws in the country's inventories last week.
Commodities: Oil accelerates lower as markets fret over Opec pledge extension
Crude-oil futures accelerated lower on Tuesday afternoon as markets fretted about the likelihood of cartel Opec extending its current production pledge.
Glencore best positioned among peers, Macquarie says
Glencore is best-positioned among peers in terms of its commodity exposure, cost performance and potential for cash returns, analysts at Macquarie said.
Commodities: Crude makes moderate gains as Opec pledge chatter swirls
Crude-oil futures turned in moderate Monday gains as market chatter about Opec and non-Opec countries mulling output freezes ahead of the cartel's May meeting failed to light a fire under the black liquid's prices.
Russian energy minister backs oil output cut deal
Russia's energy chief supports extending last November's deal by the world's largest oil producers to rein in their combined output.
Sector movers: Miners dragged lower by another sharp fall in copper, base metals
Weaker than expected Chinese foreign trade numbers for the month of April and widespread weakness overnight in commodity prices saw miners buried under a pile of sell orders again.
BP and Kosmos Energy hit gas offshore Senegal
BP and joint-venture partner Kosmos Energy made a major gas find offshore Senegal, West Africa.
Hurricane Energy announces significant increase in recoverable volumes
Recoverable volumes at Hurricane Energy's Lancaster field are well over twice what was previously thought, fresh estimates revealed.
Commodities: Crude finds some respite amid global economy concerns
Beleaguered crude-oil futures found some respite on Friday afternoon against a curtain of concerns surrounding the health of the global economy.
Brent crude futures hit key technical support
Crude oil futures are sliding lower and testing technical support as markets wait anxiously for signs that the world's largest oil producers will extend their 30 November pact to slash production and keep prices near their recent levels.
Commodities: Crude slip-slides lower on cocktail of concerns
Crude-oil futures are slip-sliding heavily lower on Thursday on a cocktail of concerns about higher than desired inventories, rising supply and Opec pledges on output.
VTB Capital eyes return to dividends at Evraz, reiterates 'Buy'
Analysts at VTB Capital reiterated a 'Buy' recommendation on shares of Evraz following the sale of its Nakhodka Trade Sea Port subsidiary which, they said, may give the steel-maker the financial power to pay dividends.
Shell keeps first quarter dividend steady
Royal Dutch Shell's net income rose across almost all its main units at the start of the year thanks to the rebound in oil prices, with the company touting how its cash dividend was fully covered for a third consecutive quarter.
Rio Tinto aiming for $5bn of free cash flow in productivity improvements
Rio Tinto is aiming to deliver $5bn of free cash flow via productivity improvements over five years.