Market Pulse - Commodities
Russia and OPEC agree to extend oil output cuts until end-2018
The Organisation for Petroleum Exporting Countries and the Russian Federation have agreed on the broad outlines of a deal to extend their crude oil supply cuts until the end of 2018.
S&P raises 2018 Brent oil price assumption to $55 a barrel
Analysts at S&P Global raised their expectations for Brent crude oil in 2018 to $55 a barrel on Friday.
Shell set to benefit from long-term Asian demand for LNG, Barclays says
Barclays reiterated its 'overweight' stance and 2,850p target price on shares of Royal Dutch Shell, pointing to the solid outlook for Asian demand of liquified natural gas that the broker said should support long-run prices and provide better trade opportunities.
Credit Suisse upgrades Ophir Energy ahead of December update on Fortuna financing
Credit Suisse believes the market has become too pessimistic on Ophir Energy's ability to reach a financing deal with its potential Chinese investors in order to progress on Fortuna.
SDX Energy commences digging operations at KSR-16 well in Morocco
North Africa-focused oil and gas company SDX Energy has commenced digging operations at its KSR-16 well, the third of a nine well drilling programme on the company's Sebou, Gharb Centre and Lalla Mimouna permits in Morocco, the company announced on Friday.
China Nonferrous Gold to extend CNMC loan by an additional year
China Nonferrous Gold, the company currently mining the Pakrut gold project in the Republic of Tajikistan, said it has signed a supplementary agreement with CNMC, one of its shareholders with a 38. 36% stake, to extend the CNMC loan by one year to be repayable on 26 November 2018.
South African Reserve Bank pauses interest rates ahead of debt rating decision
South Africa's central bank opted to leave interest rates on hold on Thursday, but the country is still facing several hurdles on Friday when several key ratings agencies are set to choose whether to downgrade the country's debt.
Greencoat Renewables announces maiden dividend of 2.61 euro cents
Between 15 February and 30 September, renewable infrastructure company Greencoat Renewables's portfolio, made up of wind farms that listed on the Irish and London Stock Exchanges in July of 2017, generated 107. 7GWh of electricity, which was 3% above budget for the period.
Commodities: weaker dollar helps gold stay put
The greenback weakened against a basket of currencies on Thursday with the dollar index dropping 0. 11% to 93. 117 by 1715 GMT, it's lowest level in more than a month.
Nostra Terra reports completion of drilling at Texas-based well
Nostra Terra, the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, has announced on Thursday that its Texas-based well had been "successfully" drilled and logged with evidence of oil in all of the target formations.
Calidus Resources completes initial review of land holdings
Keras Resources has announced that Calidus Resources, in which Keras currently holds 217. 25m shares, has completed an initial review of its recently expanded land holdings and generated numerous high priority gold targets.
Lebanon prime minister Hariri retracts resignation
Saad al-Hariri has revoked his resignation as Lebanon's prime minister, according to a local news report on Wednesday.
Cadence Minerals discovers 21m tonnes of resources at Yangibana project
Mineral resource investment and development company Cadence Minerals issued updates on its Yangibana and Pilbara rare earth projects in Australia, with work set to begin on extensive ferrocarbonite/ironstone veins that had previously been evaluated by drilling in the 1980s.
Faroe Petroleum issues $100m senior, unsecured bond in Nordic bond market
The independent oil and gas company, Faroe Petroleum, announced on Tuesday the issue of a $100m senior, unsecured bond in the Nordic bond market, in an attempt to strengthen the company's balance sheet.
Robert Mugabe resigns as president of Zimbabwe
President Mugabe has handed in a written letter of resignation, putting a halt to impeachment hearings, the speaker of Zimbabwe's parliament said on Tuesday.
Premier Oil upside hinges on de-risking assets, confirming reserve upside, Barclays says
Analysts at Barclays downgraded their recommendation on shares of Premier Oil, telling clients that the stock's potential now rests on management's ability to de-risk the company's pre-development assets and to confirm the upside for the company's reserves.
Sound Energy completes survey of Moroccan assets
Oil and gas firm Sound Energy announced on Monday it had completed airborne full tensor gravity gradiometry (FTG) and magnetic data acquisitions of its assets in Eastern Morocco which returned "highly encouraging results".
Steppe Cement completes repayment of bonds
Kazakhstan-based, leading construction materials producer Steppe Cement has completed the repayment of bonds issued on 21 November 2012 for 1. 5bn Kazakh Tenge, the firm announced on Friday.
Commodities: Metals still under selling pressure, Bitcoin hits record
The commodities complex came under slight selling pressure on Thursday even as risk sentiment improved as traders remained jittery in the wake of recent losses across the space.
Indian Supreme Court demands Government regulate Bitcoin
The Supreme Court of India called on the nation's government on Tuesday to take steps to regulate the use of crypto-currencies such as bitcoin.