Market Pulse - Commodities
New York favoured option for foreign listing of Saudi Aramco
New York is likely to be the favoured option for the foreign listing of the state oil giant Saudi Aramco, not London or Hong Kong.
OPEC oil output compliance slipping, IEA warns
World oil demand is growing more strongly than previously thought, but revisions to past data for demand from developing economies means the excess oil on the market will clear less quickly than initially expected later in 2017, according to the rich-world's energy watchdog.
Commodities: Pyongyang outlines plans for launch demonstration, gold rallies as rhetoric builds
The latest rhetoric from North Korea has been to outline a plan for a launch demonstration, simulating an attack on US Pacific territory Guam.
KEFI Minerals announces reduction of residual funding
Close on the heels of the lifting of the state of emergency in Ethiopia, KEFI Minerals said it had reduced its residual funding requirement for the company's Tulu Kapi gold project and had begun talks to eliminate it altogether.
Strategic Minerals boasts of improvement in cash balance
Strategic Minerals, the diversified mineral company, boasted on Thursday of an improved cash balance after bringing a new client onboard as management set itself the target to reach a market capitalisation of $100m.
Profits jump at Bushveld's Vametco Alloy on rising vanadium prices
Bushveld Minerals saw profits at part-owned Vametco Alloys shoot higher thanks to improved prices for vanadium, predicting prices would continue rising thanks to supply shortages.
Range Resources buys minority stake in Indonesia's Perlak field
Range Resources acquired an interest in Indonesia's Perlak field, which throughout its long history had produced close to 60m barrels, the group announced on Tuesday.
Chinese foreign trade growth slows sharply in July
International trade flows into and out of the People's Republic of China weakened noticeably in July, indicating that Asia's largest economy may not have gotten off to quite as strong a start to the third quarter as had been believed.
Premier African Minerals says drill results vindicate decision not to sell-out
Premier African Minerals identified a new mineralised zone adjacent to its Zulu project which the company said vindicated its strategy not to sell-out, opting instead to develop the area further.
Richland on target to achieve operational profitability at Capricorn
Richland Resources, the Australian sapphire producer and gemstones developer, announced on Monday that it had ramped-up production at its Capricorn sapphire mine on-schedule and that it remains on schedule to achieve operational profitability at that Australian mine from July 2017 - as previously guided.
Miners gain on fresh Chinese curbs on steel output
News that the Chinese government had asked steel producers in the country's four northern regions to cut output during the winter stoked gains in steel and iron ore prices.
Anglo African Oil & Gas completes purchase of Congo's Petro Kouilou
Anglo African Oil & Gas announced on Friday completion of the purchase of Petro Kouilou from Sister Holding S. A. S.
Echo Energy jumps ahead after reporting interim results
Echo Energy, an AIM listed mid-cap gas company in the making said on Friday, that after its relaunch in March this year, the management team had seen a very busy start, including the entry of a new investor into its share register.
Credit Suisse encouraged by Big Oil's progress on de-risking balance sheet strains
Analysts at Credit Suisse told clients they were encouraged by the oil majors' progress on those factors which they could control.
Shanta Gold picks new CEO amid strategy revamp on heels of new Tanzania laws
Shanta Gold announced on Thursday that its chief executive officer would be stepping down as the company refocused on cost control following recent changes in the regulatory, operating and fiscal environment in Tanzania.
Botswana Diamonds raises fresh funds from directors and their families
Botswana Diamonds successfully raised fresh funding for its projects, including from various of its directors and their families.
Volga Gas announces increase in oil and gas production
Volga Gas, the oil and gas exploration and production group announced an increase in its levels of production of oil and gas last month.
Ronald Bain confirmed as new CFO at Eland Oil & Gas
Eland Oil & Gas, a production and development company with an initial focus on Nigeria confirmed on Tuesday the appointment of Ronald Bain as its new chief financial officer and as a director of the outfit's board.
BP moves back into the black, lowers cash break-evens
BP moved back into the black during the second quarter of 2017 thanks to an improved performance in its upstream arm with the firm having lowered its cash break-even level to $47 per barrel of oil.