Market Pulse - Commodities
Premier gushes higher after striking oil at first well offshore Mexico
Premier Oil's shares gushed higher after announcing it had struck crude offshore Mexico.
A falling dollar lifts all commodities
Commodities traded on the frontfoot as the US dollar gave back some ground following remarks from German chancellor Angela Merkel (and ahead of a key speech from US central bank chief Janet Yellen the next day) alongside supportive newsflow for various specific segments of the market.
World's energy security may be fatally compromised, Saudi Aramco warns
Low levels of investment are putting the world's energy security at risk according Saudi Aramco, the world's largest petrochemicals company.
IEA calls for more investment in upstream oil and gas
Investment in the global energy sector fell again in 2016, prompting the rich world's energy watchdog to warn that more needs to be done, especially in the Oil & Gas space, to ensure future supplies.
China June CPI misses forecasts, disinflation a possible concern
Price pressures in Asia's largest economy steadied last month but economists appeared to be in broad agreement that inflation was set to slow further.
WTI futures bounce back following API data
Crude oil futures were bouncing back, reclaiming nearly half of the previous day's losses after closely-watched private sector data revealed an unexpected drop in US oil stockpiles over the last week.
Liberum picks Compass, SSP and Greene King from UK leisure sector
Analysts at Liberum initiated coverage on UK-listed leisure stocks at 'neutral' despite recent strong growth in the sector as leisure operators slowly filled the vacuum left by retailers on the High Street.
Qatar economic outlook downgraded by Moody's amid Gulf crisis
Ratings agency Moody’s downgraded its outlook on Qatar’s long-term debt as the Gulf state attempts to come to an agreement with its neighbours following a recent diplomatic crisis in the region.
Commodities: Crude enjoys moderate rally but still faces downside glut risk
Crude-oil futures made moderate gains but still face downside risk as it struggles to bust through firm resistance.
ShoreCap sticks to a hold on Tesco despite positive Irish news
Shore Capital said it took note of improved recent trading at Tesco implicit in the latest Kantar data from Ireland, but said the time had not yet come to invest.
Cameroon takes stake in Victoria Oil and Gas's Logbaba project
Cameroon's state hydrocarbon company decided to tap directly into Victoria Oil&Gas's Logbaba project, exercising its right to take a stake via a participation agreement.
Commodities: Safe-haven gold dives as US dollar stabilises
Safe-haven gold dived as the US dollar stabilised on Monday, a marked swivel of the spotlight away from crude oil futures.
ADES seals another drilling contract in Egypt
ADES, a leading oil and gas drilling and production services provider, announced new contracts including one for a new drilling campaign offshore Egypt with its long-time client ENI IEOC - despite oil price declines.
Qatar given two-day extension to meet demands from Gulf neighbours
Saudi Arabia and its allies in the Middle East have extended a deadline given to Qatar to meet a list of demands in order to end a diplomatic crisis.
Barclays raises BP target price after investor downstream day
Analysts at Barclays raised their target price for shares of BP, telling clients the benefits of the company's efforts over the past five years to revamp itself were set to start flowing through.