Market Pulse - Commodities
South32 boosted by strong demand for manganese and alumina
Australian mining and metals company South32's underlying earnings rose 16% in its last trading year, as strong demand for manganese and alumina products offset lower output from its Illawarra coal project.
Solo Oil provides update on Tanzanian assets
Natural resources investor Solo Oil provided investors with an update on the operational progress seen at its Tanzanian assets on Thursday.
United Oil and Gas confirms award of two 'highly prospective' North Sea blocks
London-listed exploration and development company United Oil and Gas has been awarded two 'highly prospective' North Sea blocks.
Premier Oil first-half profit doubles on rising oil prices
Premier Oil’s post-tax profit more than doubled in the first half as rising oil prices more than offset reduced production.
Riyadh pulls Saudi Aramco IPO - Report
Saudi Arabia has pulled plans for a domestic and international listing of state-owned oil giant Saudi Aramco, Reuters reported, citing four industry sources.
Commodities: WTI jumps following unexpectedly large draw in US oil inventories
Figures showing a somewhat unexpected drop in commercial US crude oil stockpiles last week lit a fire under energy futures on Wednesday.
WTI holds onto gains after weekly DoE inventory numbers
Crude oil inventories in the US fell sharply last week, on the heels of a big drop in imports and still loft levels of refinery demand.
Nostra Terra sees 'increasingly valuable contribution' from Texan assets
Exploration and production company Nostra Terra has seen production at its Permian Basin assets make an "increasingly valuable contribution" to its bottom line of late.
Commodities: WTI in focus on Venezuela crisis, gasoline higher despite SPR release
Commodities were seeing nearly across-the-board gains on Tuesday, after the US president accused China and Europe of manipulating their currencies.
Commodities: WTI, copper catch bid on talk of China-US trade negotiations
Commodities received a further unexpected boost on Monday, following fresh reports of possible progress in trade talks between China and the US.
China's investment in clean energy pays off as air quality improves
Beijing citizens have begun to enjoy some of the cleanest air in a decade as positive results for the government's anti-smog push start to show.
Berenberg hails NMC Health's ability to deploy capital, boosts target
Analysts at Berenberg hailed NMC Health's latest set of half-year figures, dubbing them "impressive", and its ability to "deploy capital", after management announced roughly $200m-worth of new acquisitions - not all of which had been previously disclosed.
Higher volumes, jump in prices boost Kenmare Resources's bottom-line
Kenmare Resources delivered a double-digit increase in sales for the first half of its financial year, on the back of record shipments during the second quarter and plans to increase production.
Tests at SDX Energy's South Disouq well exceed expectations
Oil and gas company SDX Energy on Friday confirmed that a production test has successfully been completed at its SD-3X appraisal well at South Disouq, Egypt.
Commodities: Base metals bounce, but analysts still wary about Turkey
News that Beijing and Washington were moving openly to restart trade talks and that Chinese officials were reining in the ability of the nation's banks to facilitate short-selling the yuan buoyed the commodities complex on Thursday.
Buy platinum metal rather than the miners, says ShoreCap
Prospects of industrial action in South Africa could make speculation in platinum worthwhile, suggested stockbroker Shore Capital on Friday.
Shanta Gold swings to a profit as cost-cutting starts to pay off
East Africa-focused gold producer Shanta Gold swung to a profit in the first half of its trading year as the group began to reap the rewards of its stringent cost savings initiatives.
Commodities: Base metals prices dive on EM, China concerns
A mix of US dollar strength, weak Chinese data and worries that the Turkish currency crisis might have a 'knock-on' effect on growth in other emerging markets saw a wave of selling hit markets, leaving Bloomberg's commodity index just off a fresh 52-week low.
WTI slips following weekly DoE inventory data
US crude oil inventories rose last week as net imports recovered and domestic output continued climbing higher.
Sector movers: Miners hit again as traders wait for other shoe to drop in EM
The roof is caving in on miners again on Tuesday, amid fears that the recent rout in Turkish assets presages weakness in other emerging market economies.