Market Pulse - Commodities
Polo Resources' investee lands coal plant agreement with Chinese giant
Natural resource investment company Polo Resources announced on Thursday that its investee company GCM Resources has signed a contract framework agreement with China Gezhouba Group (CGGC).
Avesoro projects' mineralisation increases as drilling results 'compare favourably' to previous models
Avesoro Resources on Thursday revealed the identification of high grade intercepts at its New Liberty Gold Mine following the completion of drilling and partial completion of an assay assessment.
Frontera mobilises equipment to Georgian asset
European-focused oil and gas exploration and production company Frontera Resources was set to see the mobilisation of equipment from its base in Romania to the T-45 well in the Taribani complex of Georgia.
Commodities: WTI moves back towards 52-week highs
Commodities saw nearly across-the-board gains on Wednesday, amid a large drop in the US dollar in the wake of the US central bank's policy announcement.
Commodities: WTI, Brent push higher ahead of updates on stockpiles
A renewed push higher in energy futures helped to more than offset weakness in base metals ahead of weekly updates on the state of US oil inventories and a key US central bank policy meeting.
SolGold unearths high grade gold mineralisation in Ecuador
Copper and gold exploration company SolGold has identified high grade gold mineralisation at its wholly-owned project in Ecuador, the company announced on Tuesday.
Fund managers' pessimism on UK at record high, BofA-Merrill says
Fund managers were still 'long' on equities, despite rising worries over trade and stagflation, thanks to optimism on the outlook for earnings and interest rates, the results of a widely-followed poll showed.
Amur Minerals shares jump after resource estimate sees 50% expansion
Amur Minerals’ shares soared over 20% on Tuesday after the mineral exploration and development company said its mineral resource estimate (MRE) for the Kun-Manie project expanded by 50%.
Chinese economic growth continues in March
Economic growth in China continued in March, driven mainly by manufacturing and amid "notable" increases in prices, according to the latest reading for World Economics's Sales Managers' Index.
EnQuest shares on the rise thanks to Kraken ramp-up
EnQuest saw its EBITDA fall 36. 4% to $303. 6m in its most recent trading year, principally due to a 25% drop in revenue to $635. 2m amid lower realised prices within the company’s hedging programme.
Altona Energy announces three phase exploration programme at Westfield project
AIM-quoted coal miner Altona Energy has launched a three phase exploration programme at its Westfield Tenement project in Australia.
Commodities: WTI futures higher, Saudi Aramco IPO a 'talking point' in markets
Upon first glance, the commodity patch was quiescent at the end of the week, but a deeper dive revealed quite a bit more.
New US legislation to accelerate Thor Mining's tungsten project
Thor Mining lauded the passing of new legislation by the United States’ Natural Resources Committee which will aid its Pilot Mountain Project, the company said on Friday.
Commodities: Gasoline, cocoa futures pace gains
Commodities were trading little changed on Thursday, with energy futures conspicuously higher despite the release of data showing a bumper increase in US crude oil stockpiles.
Goldman raises view on miners, upgrades Anglo American, BHP and Antofagasta
Having repaired their balance sheets and with a robust outlook for commodity prices, given strong economic growth in the 'Rest of the World' that was offsetting softness in China, Goldman Sachs upgraded its view on the European Metals & Mining sector from 'neutral' to 'attractive'.
Regal Petroleum shares rise almost 15% after new well spudding
Regal Petroleum’s shares shot up over 14% on Wednesday after the company announced the spudding of its VAS-10 well in Ukraine.
WTI dips after US DoE reports 5.0m b/d stockpile increase
US oil product stockpiles shrank at an accelerated rate last week, amid a small increase in the rate of refinery use.
US factory gate prices slightly higher than expected in February
US wholesale prices edged past economists' forecasts in February, but only slightly.
Cairn Energy posts better-than-expected year-end net cash
Cairn Energy continued to guide towards submission of its development plans for the SNE and Nova developments in the first and second half of 2018, while maintaining its guidance for capital outlays on development and exploration and appraisal at its North Sea developments, Kraken and Catcher.
Touchstone's new wells 'encouraging' as company targets further drilling
Oil and gas exploration and production company Touchstone Exploration announced strong production from its newly drilled wells and further drilling projects on Wednesday.