Market Pulse - Commodities
Shearwater's new subsidiary GeoLang wins major contract
Digital resilience solutions firm Shearwater Group’s recently-acquired subsidiary GeoLang has won its first major enterprise contract under the G Cloud framework.
Brussels reportedly set to offer a TTIP branch on trade to Washington
The European Union will propose a "miniature, simplified" version of the Transatlantic Trade and Investment Partnership to the US administration in a bid to end trade hostilities and in order to avoid US tariffs on steel and aluminium imports.
EU shows increased support for proposed Iran sanctions
European Union member states have begun to show increasing support for Britain, France and Germany's proposed new sanctions on Iran as part of an effort to dissuade the White House from pulling out of the Obama administration's landmark 2015 nuclear deal.
Falcon Oil & Gas eyes up Beetaloo as fracking given go ahead
Falcon Oil & Gas announced on Tuesday that it intends to resume exploration at the Beetaloo sub-basin as soon as is practical after the Northern Territory government lifted a moratorium on hydraulic fracturing in the area.
PBoC cuts reserve requirement ratio by 100 basis points
China's central bank has announced a reduction in its legal reserve requirement for some of the country's main financial institutions, but some economists believed that would only partially offset the tighter financial conditions resulting from Beijing's increased macro-prudential measures.
Anglo African Oil & Gas approaches production at two Congo wells
Independent oil and gas developer Anglo African Oil & Gas is close to recommencing production at the TLP-101 well at its 56% owned Tilapia oil field in the Republic of the Congo.
Commodities: Crude oil slips, base metals jump on talk of fresh Russia sanctions
Commodities fell back on Monday as traders took profits after a missile strike on parts of Syria's chemical weapons complex at the weekend passed without any immediate or obvious escalation in tensions.
Papua Mining rockets after gold and copper systems identified at Marengo
AIM-traded mining firm Papua Mining on Monday announced that it has defined two intrusions with multiple veins at its Marengo gold project in Queensland through field mapping and rock sampling.
Amur Minerals ups EBITDA projections as Russian asset gets go-ahead for underground mining
AIM-quoted exploration and development company Amur Minerals upped estimates on its global EBITDA for April after its Maly Kurumkon/Flangovy (MKF) drill programme at Kun-Manie, located in the far east of Russia, was opened up for a combination of open pit and underground mining.
Credit Suisse raises Brent/WTI forecasts for 2018 and 2019
Credit Suisse has raised its 2018 oil price forecasts, predicting that those higher prices would hold during the following year even as OPEC barrels returned to the market.
Frontera Resources shares dip in the face of Georgian legal challenges
Independent oil and gas exploration and production firm Frontera Resources has become embroiled in a legal dispute concerning a production sharing contract (PSC) at its block 12 licence in Georgia, the company said on Monday.
Echo Energy's 'transformational year' results in broadly flat losses
South and Central American focused upstream oil and gas firm Echo Energy posted broadly flat losses from the twelve months leading to 31 December as a result of what its chairman referred to as a "transformational year for the company".
Leaked financials suggest Saudi giant Aramco more profitable than Apple
Secretive Saudi oil giant Aramco achieved a colossal $33. 8bn in net income over the first six months of 2017 according to reports from Bloomberg.
Mkango Resources advances Malawi project after Noble investment
Rare earth elements firm Mkango Resources has set itself up to advance its projects following investments by Noble subsidiary Talaxis, with feasibility and development studies at its Songwe Hill prospect in Malawi to come first.
ECR Minerals announces imminent drilling plan after striking gold
ECR Minerals announced on Friday that geochemical results and geological observations at the Bung Bong gold prospect have indicated several potential targets for high volume gold mineralisation.
Trump considers rejoining TPP if presented 'better' terms
Donald Trump directed officials to look into the possibility of rejoining the very same Asia-Pacific trade pact he withdrew from after taking office, while expressing optimism over a deal with China.
China falls into trade deficit in March, but surplus with US widest in over a year
China's trade surplus with the rest of the world vanished in March, but some economists were quick to ascribe that to seasonal quirks in the data, predicting that it would soon reappear.
Nostra Terra sets sites on 2 new wells following Twin Well triumph
Oil and gas company Nostra Terra on Thursday announced new plans to drill back to back wells at its Permian Basin acreage in Mitchell County, Texas.
Special cabinet called to decide on action in Syria
Theresa May will convene a 'war cabinet' on Thursday in order to seek pre-approval for the UK to join a tripartite attack on the Syrian regime in response to its alleged use of chemical weapons.
Director dealings: Polymetal director ups stake
Marina Grönberg, non-executive director of precious metals miner Polymetal International, picked up 16,189 ordinary shares in the firm at an average price of 642. 60p each.