Market Pulse - Commodities
Coro Energy's Bezzecca field 'unlikely' to contribute this year
International gas explorer Coro Energy announced on Thursday that its Bezzecca gas field in Milan is "unlikely" to provide a material contribution during the year.
Arc Minerals scoops former Rio Tinto bigwig for director role
Arc Minerals announced on Thursday that Rio Tinto’s former head of African, South American and European mining operations, Don Bailey, has been appointed as a director at Arc effective 1 June.
Low-boil in China-US tensions likely, but risk for escalation real - Oxford Economics
As things stand, the White House's proposed tariffs on Chinese goods will only have a "minimal" impact on the US economy, but the risk of an escalation is real, said Oxford Economics.
Xtract Resources narrows loss after reporting first revenues
Metals and minerals producer Xtract Resources announced on Wednesday that it has seen its loss narrow after the company cut expenses and carried out its first gold sale in 2017.
China prepares to retaliate against surprise US tariffs
China lashed out against the surprise statement from the White House overnight on Tuesday saying it will go ahead with tariffs and restrictions on Chinese imports and block investments in sensitive technologies.
Keras investment launches resource definition programme at Klondyke asset
AIM-listed minerals company Keras Resources confirmed on Wednesday that Calidus Resources, in which it holds a 35. 8% equity interest, has kicked off a resource definition programme at its Warrawoona gold project in Western Australia.
Market buzz: Italy eyes July/August elections, Dixons profits slump 'fixable'
1700:Close Some investors took profits - albeit moderately - in stocks, even as others headed for the relative safety of Gilts in the wake of the latest political news out of Italy.
Commodities: US dollar strength, trade news weighs on complex
Commodities were pushed lower across the board as the US dollar spot index moved towards its loftiest levels since July on the back of the political deadlock in Italy.
88 Energy prepares for flow testing at Icewine#2 project
AIM-quoted oil junior 88 Energy has wrapped up site work at the Franklin Bluffs Pad of its Icewine#2 exploration site in Alaska.
Vedanta's Tuticorn copper smelter sealed after protestors killed
Vedanta Resources has been ordered to permanently close its Tuticorin copper smelter in India, where anti-expansion protestors were killed by police earlier in May.
Oleg Deripaska quits Rusal board as US sanctions threaten company
Russian oligarch Oleg Deripaska has resigned from the board of aluminium producer Rusal in order to spare the company from the effects of US sanctions placed on him.
Import costs set to rise as shipping firms up fuel surcharges
The rising price of oil is leading shipping lines to increase freight costs to avoid mounting fuel bills, leading to a likely jump in the price of imported goods.
Iran sets deadline for Europe to prove it still supports nuclear deal
Tehran has set an end of May deadline for Europe to prove their support for the nuclear deal after the US decided to abandon it earlier this month.
Thor lauds inclusion of tungsten on list of critical minerals
Exploration and development company Thor Mining welcomed the inclusion of tungsten on the US department of the interior’s list of critical minerals.
Market buzz: Reports say US-N.Korea summit called off
1609: Markets are in 'risk-off' mode following the announcement from the White House, with the 10-year US Treasury note yield down by four basis points at 2. 96%.
EnQuest reaffirms production guidance despite unplanned Kraken shutdown
British oil and gas firm EnQuest reaffirmed its full-year production guidance on Thursday after seeing flow rates increase almost 50% throughout the first four months of the year.
Market buzz: Pound plunges further on weak CPI, Barclays mulling mergers?
1635: Close Lots of moving pieces, too many perhaps. US dollar strength was the 'name of the game' on Wednesday, as the US President sounded a downbeat note overnight on the prospects for the China trade talks and the upcoming (but perhaps not) summit with North Korea.
Commodities: Agriculture futures jump back on trade deal hopes
Agriculture futures were again seeing strong gains on Wednesday, ignoring upwards pressure on the US dollar, as is often the case.
US crude oil inventories jump over latest week, DoE says
US crude oil and product stockpiles jumped last week, on the back of a jump in net imports.
Sector movers: Miners, Oil & Gas shares pace losses as US dollar jumps
Mining and Oil & Gas shares were at the bottom of the pile on Wednesday, after US President Donald Trump poured cold water on hopes for a fast solution to trade frictions between China and the US.