Market Pulse - Commodities
BHP Billiton to return $10.4bn to shareholders
BHP Billiton will begin returning the proceeds from the sale of its onshore US oil and gas assets immediately.
Commodities: Metals weak after official China manufacturing PMI, Nomura cautious
Commodity prices came under selling pressure at the middle of the week on the back of Chinese factory sector survey results that some economists described as "not pretty" and residual gains for the Greenback.
US may extend tariffs to cover all Chinese exports by December
The US administration may impose fresh tariffs on the People's Republic of China in little over a month.
Commodities: Copper, Brent under pressure as Greenback notches-up 52-week high
A widely-followed gauge for the commodities complex was trading near 52-week lows on Wednesday evening as the US dollar spot index printed a fresh one-year high - possibly paving the way for an even bigger move higher.
Cuadrilla halts fracking at UK site after tremor
Cuadrilla has paused gas fracking for an 18-hour period as a precaution at its Lancashire site following a small tremor.
SOVA Capital still sees upside potential for Brent in 2019
While crude oil futures may remain under pressure in the near-term, it is possible that they will see new highs next year, Sova Capital's Head of Quantitative Investment Strategies Group, Konstantin Brownstein, told WebFG UK when queried on the outlook for crude oil prices.
Eland anticipating 'record' output at Opuama as rig moves to new field
A new in-fill well at Eland Oil & Gas’ OML 40 licence in Nigeria will lift output from the Opuama field to a new record, the company said on Friday.
Opec considers cutting 2019 oil output
The Organization of Petroleum Exporting Countries said on Thursday it has reviewed how much oil should be produced in 2019 to not slip into oversupply and prevent the prices from falling.
Commodities: Broad-based losses as US dollar advance rolls onwards
Most commodities came under renewed selling pressure on Wednesday, as the advance US dollar continued to roll-on.
Commodities: Crude futures tank as Saudi says OPEC in 'produce as much as you can mode'
Crude oil futures tanked on Tuesday, after Saudi Arabia's energy minister said that the Organisation of Petroleum Exporting Countries and its allies were in "produce as much as you can mode".
Acacia Mining senior manager arrested for fraud by Tanzanian authorities
Acacia Mining's senior manager at its Tanzanian operations was arrested and charged on Tuesday by the Tanzanian Prevention and Combating of Corruption Bureau (PCCB).
US auto market 'dominated by Tesla', says short-seller Citron
Tesla’s shares were boosted on Tuesday after short-seller Citron, a long-time critic of the electric car company, unexpectedly reversed its position on the stock from ‘short’ to ‘long’.
Underlying technical trend in Brent futures continues to point higher
The underlying trend for Brent crude oil futures continues to point higher despite its greater than 8% fall from their October highs, technical analysts said.
Commodities: WTI futures reverse course to trade higher, lacklustre trading in copper
Commodities traded slightly lower on Monday, with a stronger US dollar appearing to offset news of tax cuts in China.
Sector movers: Oil&Gas falls to the bottom of the pile
Oil-related issues were at the bottom of the pile on Monday after Saudi oil minister, Khalid Al-Falih, said his country had no intention of repeating a scenario such as the 1973 oil embargo, when the Kingdom weaponised crude supplies for political purposes.
Saudi has no intention of repeating 1973 oil embargo, Al-Falih says
Crude oil futures slipped after Saudi oil minister, Khalid al Falih, said his country had no intention of repeating the 1973 oil embargo.
Lonmin commits to Sibanye deal following $200m purchase pact
Platinum producer Lonmin sealed a $200m metal purchase agreement with Chinese outfit Jiangxi Copper to provide the miner with better liquidity while it waits for South African rival Sibanye-Stillwater's takeover to be finalised.
Tlou Energy commences drilling at Lesedi project in Botswana
Gas-to-power outfit Tlou Energy has kicked off drilling operations at its wholly-owned Lesedi coal bed methane project in order to test gas flow data within the proposed development area.
Russia courting Exxon with new projects while US sanctions loom
The Russian government and Exxon Mobil have begun discussions over new oil and gas projects according to reports on Friday, potentially complicating future US sanctions against the Kremlin.
Regency Mines falls short of sales targets after 'maintenance problems'
Regency Mines’ MET joint venture saw September revenues and production fell short of expectations according to a report on Friday, though the company stood by its prior estimates for the ten-month period to June 2019.