Market Pulse - Commodities
Erris Resources lands licence around historic Swedish gold mine
Mineral exploration firm Erris Resources announced on Thursday that it has been granted full ownership of an exploration permit for the Enåsen Project in central Sweden.
Mkango Resources ramps up feasibility study following Noble Group investment
AIM-quoted rare earth and mineral explorer Mkango Resources has launched the initial phases of a feasibility study into its Malawian asset following receipt of a £6m investment from Noble Group subsidiary Talaxis.
AFC Energy adds two new board members
Industrial fuel cell firm AFC Energy announced the immediate appointment of Richard Dunkley as chief financial officer and Percy Hayball as a non-executive director on Thursday.
Petrofac's growth prospects in MENA no mirage, JP Morgan says
JP Morgan upped its target for shares of Petrofac even after the consensus forecast for the company's earnings per share in 2019 had been revised up by 25% since the start of 2018, pointing to multiple factors that might drive further upside.
WTI futures dip after DoE reports oil inventory jump for latest week
Crude oil stockpiles in the US rocketed last week, on the back of higher net imports and continued growth in domestic output.
Alba looks to 'refine' exploration targets in Greenland and Wales
AIM-quoted firm Alba Mineral Resources provided investors with an update on its mining projects on Wednesday, unveiling results from both its Greenland and Wales-centred programmes.
China Caixin PMI stabilises in April, but economists cautious
Perhaps the most widely-followed gauge of factory sector conditions in China edged higher last month, pointing to stable conditions in Asia's largest economy over the near-term, economists said.
Commodities: Strong US dollar weighs on WTI and metals, but wheat and cocoa strong
Commodities were lower across the board on Tuesday, as traders bid the US dollar higher ahead of the Federal Reserve's policy announcement due the next day, amid a cacophony of headlines related to the ongoing trade disputes around the world.
BP first-quarter profit beats forecasts as production and oil price rise
BP posted a forecast-busting surge in profit for the first three months of 2018 after the oil company’s upstream business had its strongest quarter for more than three years.