Market Pulse - Commodities
Egdon Resources loses non-executive director following Infinis's purchase of investee
Egdon Resources announced on Wednesday that non-executive director Paul Jenkinson is to step down from the board with immediate effect.
Greatland Gold to unlock 'true potential' at Tasmania exploration project
Resource explorer and developer Greatland Gold announced on Wednesday that it will engage in a new exploration programme with a target of 1m ounces of gold at the Firetower project in Tasmania.
Trump warns Russia to "get ready" for Syria strike
US President Donald Trump has warned Russia to "get ready" for a strike against Bashar al-Assad’s Syrian regime with "nice and new and smart" missiles.
Commodities: Brent, WTI futures jump as DoE forecasts higher prices
Commodities were on a tear on Tuesday as trade war concerns ebbed and the US Department of Energy bumped up its short-term forecasts for Brent and West Texas Intermediate.
RBC declares Glencore 'top pick' in mining sector
Analysts at RBC Capital took a fresh look at mining giant Glencore on Tuesday, arguing that the market reaction to the new Russian sanctions provided an "even better" entry point to its 'top pick' in the sector.
BP commits to two new North Sea developments worth £420m
BP has committed to two new North Sea developments at an estimated cost to the oil major of £420m with peak production seen reaching 30,000 barrels gross of oil equivalent per day.
Lionsgold increases interest in Finnish joint-venture
AIM-quoted group Lionsgold has increased its interest in its Finnish joint venture to 30% following the injection of additional working capital.
Talks between China and the US broke down last week, person says
Talks between China and the US to resolve Washington's concerns about Beijing's practices on foreign trade fell apart last week, according to Bloomberg News.
Phoenix Global Mining ups land position at Empire mine
AIM-quoted exploration and development company Phoenix Global Mining has expanded its land position at the Empire Mine in Idaho through the addition of 21 unpatented mining claims along the borders of its Horseshoe block.
Credit Suisse emphasises Primark's importance to Associated British Foods
Credit Suisse analysts reiterated their ‘buy’ rating for Associated British Foods (ABF) on Monday, telling clients they expected the company to see strong results from ingredients and groceries, as well as from Irish retailer Primark.
JP Morgan reiterates 'overweight' on Anglo American, Glencore, Vedanta and Kaz
Analysts at JP Morgan reiterated their 'overweight' stance on shares of Anglo American, Glencore, Vedanta and KAZ Minerals.
Union Jack Oil struck by 'frustrating' planning permission delays
Planned developments have hit a snag at Union Jack Oil’s partially-owned North Kelsey Prospect after a planning application for a new well was deferred.
Russian stocks hammered as US unveils sanctions
Washington decided at the weekend to take aim at several publicly-traded Russian companies in protest over the Moscow's actions for the first time, sending their shares crashing and a key gauge of the country's stocks to its biggest drop in just over four years.
Solo Oil aims for second target with new Tanzania well
Oil and gas investor Solo Oil announced on Monday that it intends to test a second target at its Ruvuma Petroleum Sharing Contract (Ruvuma PSC) project in Tanzania with the construction of a new well.
North Korea willing to discuss wind down of nuclear weapons programme
North Korea has informed the United States that it is prepared to discuss denuclearisation when the country’s leader Kim Jong-un meets President Trump, a US official said on Sunday.
Russia accuses Israel of missile strike on Syrian airbase
Syria and Russia accused Israel on Monday of carrying out an overnight missile strike on a Syrian regime airbase near the city of Homs.
Commodities: Trade concerns, weak data weigh on complex
Commodities finished the week on the back foot amid continuing trade tensions with China and on the heels of a weaker-than-expected reading on the US jobs market for March.
China will reduce trade barriers, Trump says
China will reduce its trade barriers "because it is the right thing to do", the US president said.
There is a 'level of risk' of a full-scale trade War, US's Mnuchin says
There is a risk that America and China might fall into a trade war, according to US Treasury Secretary Steve Mnuchin.
Beijing threatens to retaliate, says talks not possible
China stands ready to retaliate to any new measures from Washington on trade, a spokesman for Beijing said on Friday, adding that finance officials from his country and the US had not held trade talks recently.