Market Pulse - Commodities
Commodities: Crude higher in technical bounce despite bearish market
Crude-oil futures headed mildly higher thanks to a technical bounce on Friday and amid a market overall bearish towards the price action of the black liquid.
Hurricane Energy raises £0.5bn to fund Lancaster EPS
Hurricane Energy's raised over half a billion pounds to fund the development of the early production system at its Lancaster field after selling new shares at a discount.
Mayan sees full-year loss increase on Mexico impairments
Mayan Energy reported increased full-year losses as a result of impairments against the value of its US-based and its investment at Shoats Creek, Mexico.
Commodities: Crude ahead towards end-Q2 as traders reckon sell-off over-done
Crude oil futures are rising towards the end of the second quarter, with more than a few traders reckoning the black liquid's sell-off might have been over-done.
Petro Matad clinches financing deal, prepares drilling campaign
Petro Matad, a company focused on oil exploration and the first Mongolian-owned firm to be listed on AIM, reported an improved cash position and that it had secured future financing.
Petra Diamonds may need to raise fresh equity, Investec says
Analysts at Investec marked down their target price for Petra Diamonds following the company's warning the day before on its full-year guidance and that it would seek to renegotiate the covenants attached to its debt.
Spanish CPI falls less than expected in June
The cost of living in Spain decreased by slightly less than expected in June according to a preliminary estimate.
Wood Group more cautious as work in North Sea, Saudi Arabia slows
First half trading at Wood Group was weaker than expected because of a large drop in projects and modifications work, especially in the North Sea, leading the company to adopt a more cautious stance on the full-year outlook.
WTI futures jump as DoE data reveals drop in domestic output
Oil futures snapped higher on the heels of US government data showing a drop in domestic oil production, although crude stockpiles did edge higher.
Qatar criticises Saudi Arabia for refusing to negotiate on blockade demands
Saudi Arabia and its Gulf allies have been condemned by Qatar after the alliance refused to negotiate on its 13-strong list of demands to its neighbour.
Commodities: Oil shrugs off EIA, API surprise to head higher
Crude-oil futures are skipping higher on Wednesday afternoon as traders saw surprise builds in US inventories as better than they might have been, and despite expectations of a draw.
Commodities: Crude futures rise on hopes of API data showing draw in US stores
Crude-oil futures are riding higher Tuesday as the market looks to industry data out later to show a draw in US stockpiles.
AIM-listed Mayan Energy raises cash to buy stake in Block Energy
Mayan Energy announced Tuesday the results of a subscription with institutional and private investors to help finance the acquisition of a stake in Block Energy.
China is steady, we are capable of achieving main targets says Premier
China, the world's second largest economy, is capable of achieving its full-year growth target and controlling systematic risks despite challenges,announced Premier Li Keqiang on Tuesday at the World Economic Forum in Dalian, China.
Minoan Group shares rocket after winning legal battle in Crete
Shares in resort developer Minoan Group soared on Monday after it won a legal battle over its Itanos Gaia project in Crete.
Commodities: Crude casts off early gains to be firmly down this afternoon
Crude oil cast away its morning gains to be firmly south as bears again made their presence known in a market deeply uneasy about its chronic global supply overhang.
FTSE 100 movers: Banks boosted by Italy news; gold miners lose shine
London's FTSE 100 was up 0. 7% to 7,472. 51 in afternoon trade as it emerged that Prime Minister Theresa May has agreed a confidence and supply deal with Northern Ireland's controversial Democratic Unionist Party that will allow her to cling to power.
EDF's Hinkley Point C facing fresh budget overruns, according to Le Monde
Hinkley C nuclear power plant, Britain's first nuclear station to be built in decades, is facing budget overruns of between one billion and three billion euros, as its construction could be delayed by two years.
Turkish troops head to Qatar as diplomatic row deepens
Qatar is reportedly set to welcome up to 1,000 Turkish troops as the diplomatic row engulfing the state worsens.
US oil rig count keeps climbing, Baker Hughes says
The number of oil rigs in operation in the US continued to climb last week, increasing by 11 to 758, according to the results of the most widely-followed survey tracking them.