Market Pulse - Commodities
Nostra Terra shares jump after oil field's record revenue
Nostra Terra announced on Tuesday that its Pine Mills oil field in the United States achieved record monthly revenue of $161,000 in February.
AFC Energy shares leap as company sets sights on commercial production
AFC Energy announced that it has completed a three-year plan on Wednesday as the fuel cell producer transitions into commercial production.
Great Western weathers storm as subzero temperatures hit drilling
Great Western Mining announced on Tuesday that M2 infill drilling at its Mineral Country prospect in Nevada proceeded successfully in spite of recent snow storms.
Equatorial Palm Oil expects first palm oil shipment in late 2018
Palm oil development and production company Equatorial Palm Oil (EPO) projected on Tuesday that its first shipment of crude palm oil would take place in Q4 2018.
Lab breakthrough could vastly improve electric car batteries
Electric car batteries could be charged significantly quicker and last much longer after a new laboratory discovery in the UK.
Baron Oil shares jump as company earns Colter Prospect stake
Baron Oil’s shares jumped over 6% on Tuesday after the company revealed it will earn a 5% working interest in a UK licence through a farmout agreement with Corallian Energy.
Commodities: US cocoa, cotton futures fly amid jump in net longs
Soft commodities and energy futures were in big demand on Monday, amid news-flow related specifically to each category and as traders waited for the Trump administration to release the details of its soon-to-be -announced tariffs on steel and aluminium.
European Metals shares plummet amid Czech memorandum termination
European Metals Holdings attempted to alleviate shareholder concern after its shares fell over 20% on Friday following an announcement from the Czech government.
Range Resources boosts Trinidad production on improved flowrates
AIM-quoted exploration and production company Range Resources increased average net oil production to 777 barrels of oil per day in January, a 23% uptick on its most recent quarter, after completing work to increase the water injection rate at its Trinidad operations.
Amerisur's OBA pipeline nets savings which will 'escalate further'
Oil and gas producer Amerisur Resources announced on Friday that its OBA pipeline has now saved the company $20. 3m after originaly costing $18m.
Commodities: Wheat boosted by arctic blast, aluminium by Trump tariffs
Big gains for soft commodities on the back of the blast of Arctic weather sweeping through Europe helped insulate the entire complex from the impact of strength in the Greenback.
Zanaga share prices flounder after second update deadline missed
Zanaga Iron Ore Company delayed the announcement of its project update on Thursday, causing a drop in share prices of over 10%.
Reabold increases Corallian stake in fundraising bid
Reabold Resources may expand its stake in Corallian to 32. 9% through participation in fundraising to support the company’s operations, the company said on Thursday.
BlueRock Diamonds ups guidance after upgrading Kareevlei processing plant
South Africa-focused mining company BlueRock Diamonds expects to treat an extra 120,000 tonnes of rock in 2018, with its upgraded plant in the region leading the firm to up its production guidance in comparison to the prior year.
Jersey Oil & Gas shares jump as new well drilling agreed
Independent upstream oil and gas company Jersey Oil & Gas announced on Thursday that Statoil, the operator of its Verbier discovery, has awarded contracts for well drilling at the site.