Market Pulse - Commodities
Drilling at Italy-based Podere Maiar-1 redevelopment well underway, says Prospex Oil and Gas
AIM-quoted investment company Prospex Oil and Gas said Thursday it was informed by Po Valley Energy regarding completion of the first casing run in hole and cementing of the Italy-based Podere Maiar-1 redevelopment well, in which Prospex has a 17% working interest.
Trump rebuffs China's call for 'market economy' status
The White House has formally rejected China's call to be considered a "market economy" under global trading rules, heightening tensions between two of the world's largest economies.
Calidus reports presence of high-grade gold at all its prospects, Keras Resources says
AIM- listed mineral resource company Keras Resources has announced that Calidus Resources, in which it has 217. 25m shares, reported significant drilling results, confirming the presence of high-grade gold at all of its prospects located in the Pilbara region of Western Australia.
Russia reportedly onboard with OPEC output cut extension to end-2018
Crude oil futures are holding near their session highs after the Organisation of Petroleum Exporting Countries signaled they want to extend the group's current output curbs until the end of 2018.
Altona Energy expands scope of survey to surrounding tenements
AIM-quoted coal explorer Altona Energy issued an update regarding its flagship Arckaringa project in South Australia on Thursday.
Commodities: Gold breaks range to trade lower on improved US outlook
Gold managed to break it's tight $7 range on Wednesday, on the back of positive US data, breaking support at $1,291.
Shell 'particularly challenged' if oil prices continue to fall, says Citi
Analysts at US investment bank Citi said on Wednesday that while Royal Dutch Shell's (RDS) business update had excited the market with its view on how to improve free cash flow (FCF) yields, it was the life of the company's reserves that would tell the real story.
Sector movers: Retailers and banks gain on heels of Brexit bill reports
Retailers and banks drove gains at the middle of the week amid multiple reports that London and Brussels had reached a deal on the size of the UK's so-called Brexit bill, possibly paving the way for the next stage of negotiations - on trade - to begin.
Tri-Star invests $6m to Strategic & Precious Metals Processing
The technology and mineral processing company, Tri-Star, invested an additional $6m via a mezzanine loan to Strategic & Precious Metals Processing, in which it has 40% equity interest, to enable further development of the Oman Antimony Roaster Project in Oman, it has emerged on Wednesday.
Big gains and Big Macs: Bitcoin smashes through $11,000
Less than a day after Bitcoin topped the symbolic $10,000 barrier for the first time, the cryptocurrency broke through the $11,000 mark on Wednesday morning, adding more than 10% in value over the course of just 24 hours.
Metal Tiger clinches Environmental Affairs approval for drilling extension at T3 deposit
Metal Tiger has announced on Tuesday that the extension of drilling north of the T3 Botswana Copper and Silver Project had received Environmental Affairs approval.
Commodities: Gold and Bitcoin gain, even as WTI traders take some profits
Commodities were mostly higher outside of copper and the agricultural space.
Sector movers: Miners under pressure as focus turns to Chinese property sector again
Miners came under selling pressure at the start of the week as data revealing a modest slowdown in Chinese industrial profits called attention to the outlook for the country's property sector, a key driver for demand for multiple commodities around the world, including for copper and iron ore.
UK Oil & Gas extends Cluff Natural Resources's 100%-owned Southern North Sea licences
According to the AIM-quoted natural resources investing company, Cluff Natural Resources, the UK's Oil & Gas Authority confirmed that the company's two 100%-owned Southern North Sea Gas licences will be extended.
KEFI Minerals makes "considerable" progress at Tulu Kapi Gold Project in Ethiopia
KEFI Minerals, the gold development and exploration company, has announced on Monday "considerable progress" regarding development of the Tulu Kapi Gold Project in Ethiopia.
Shell plans to install more than 500 electric-vehicle charging stations across Europe
Royal Dutch Shell has joined forces with several major car manufacturers to expand its electric-vehicle charging business into Europe as the world's second-biggest oil company adapts to the growing sustainable energy trend.
Keep 'buying the dips' (with a caveat or two), Citi says
Keep buying the dips, this bull market still has legs, strategists at Citi told clients, albeit with two caveats.
Andalas finalises placing for funding of Sumatran project
Indonesia-focused oil and gas firm Andalas Energy and Power finalised a discounted equity placing of 1. 27bn new ordinary shares on Monday, raising £500,000 for its Sumatra-1 project in the process.
Commodities: Natural gas, gold slip despite US dollar weakness
Commodities put on a mixed performance on Friday despite weakness in the Greenback, amid a sharp drop in natural gas futures and a dip in gold which traders attributed to a pick-up in risk appetite.
Regency Mines granted option to buy 80% of Carbon Minerals Corporation
US Carbon Resolutions Corporation (CMC), the owner of the Alabama-based Rosa Mine, has given Regency Mines, the natural resource exploration and development company, an option to buy the 80% of Carbon Minerals Corporation not already owned by Regency, it emerged on Friday.