Market Pulse - Commodities
The UK has achieved it's greenest year in energy ever
In terms of how the nation’s electricity is generated, 2017 has been the greenest year ever for the UK, according to National Grid.
Bitcoin drops 17% as Seoul closes in on cryptocurrency crackdown
A warning from Seoul that it was studying potential measures, including shutting down some cryptocurrency exchanges, to stamp out excessive and potentially costly speculation, put paid to a four-day rebound in Bitcoin from its worst week since 2013.
Director dealings: K3 Business Technology Group director picks up large batch of shares
A company controlled by K3 Business Technology Group Director, Johan Claesson, CA Fastieghter AB, made a significant purchase in the company's stock.
UK Oil & Gas shares fall after discouraging tests
UK Oil & Gas Investments (UKOG) lost a quarter of its value after it said a zone at its Weald Basin operation was probably not viable.
Shell expects to gain from Trump's US tax changes
Royal Dutch Shell said it expects changes to US tax law to benefit the company and its US operations.
Ineos confirms Forties pipeline to be back on line in new year
Ineos said its Forties North Sea gas pipeline should progressively flow back to normal rates early in the new year.
Rapid drop in weekly US oil inventories
US crude oil inventories shrank rapidly during the latest reference week, despite a large increase in imports.
Litecoin founder sells all his holdings
Charlie Lee the software engineer, founder of Litecoin has said in a reddit post that he has sold and donated all of his coins during following a 75-fold rally this year.
World Bank nudges China 2017 GDP growth forecast a tad higher
The World Bank expects the Chinese economy to cool further over the short-term but said the Asian giant was making progress on re-balancing.
Chinese firms move to acquire Canada's Lithium X
Chinese group Tibet Summit Resources, along with its partner NextView Capital, agreed to acquire Canadian group Lithium X for CAD 265m.
UK Oil and Gas prepares production flow tests at Horse Hill-1
UK Oil and Gas Investments (UKOG) announced on Tuesday that key contracts and requisite funding commitments had been put in place to begin production flow testing at its Horse Hill-1 interest in the Weald Basin.
Sector movers: Chinese data, US tax cut plans trigger buying in miners
Cyclicals were in the ascendant at the start of the week, buoyed by a mix of strong Chinese house price data and progress at the weekend on Capitol Hill to gain approval of Republicans' tax cut plans.
Commodities: Chinese house price data stokes gains in metals amid US dollar weakness
One of the most closely-followed gauges of commodity prices extended a bounce from roughly three-month lows, amid supportive data out of China and a weaker US dollar.
Trump to drop climate change from US National Security Strategy
US president Donald Trump will give a speech on Monday where he will outline the country's new approach towards national security, including the omission of climate change and its effects as a key threat.
China tweaks lending rates after Fed decision
China's central bank tweaked two of its policy rates in what some analysts said was a bid to relieve pressure on the country's currency.
Commodities: DoE data sinks energy futures, Fed buoys gold
Commodities were little changed overall on Wednesday, but amid significant volatility underneath the surface.
Gasoline stockpiles build alongside increased domestic output
US crude oil inventories shrank more quickly than expected last week, albeit a large increase in domestic output and an offsetting large build in gasoline stockpiles.
WTI off intra-day highs as OPEC revises US output forecasts higher
The Organisation of the Petroleum Exporting Countries has revised its projections for US shale output in 2017 and 2018 higher even as the degree of forward cover in the industrialised world continued to rise.
Trump vows to send American astronauts to the moon
Donald Trump, the President of the United states signed the Space Policy Directive 1 to send astronauts to the moon again and to Mars for the first time in history.
Centrica rallies as gas prices rise on Austrian plant explosion, Forties pipeline closure
British Gas owner Centrica was the standout gainer on the FTSE 100 on Tuesday as gas prices surged after an explosion at a natural gas facility near Austria's border with Slovakia and as Britain's Forties pipeline - which carries 40% of North Sea oil and gas - was closed for repair due to a crack.