Market Pulse - Commodities
Director dealings: Union Jack directors up stake
Union Jack Oil executive director Joseph O'Farrell purchased 35. 29m ordinary shares as part of the London-listed firm's placing on Wednesday.
Aluminium price jumps as Norsk Hydro shuts Brazilian refinery
Norsk Hydro has announced that the world’s largest alumina refinery is to temporarily close, heaping pressure on both the Norwegian company’s shares and the price of aluminium, albeit in opposite directions.
Amerisur perforates nine foot interval at Pintadillo asset
Amerisur told investors on Wednesday that the T sand interval at its Pintadillo-1 discovery had flow-tested under natural flow at 590 barrels of oil per day.
Commodities: Russian oil output hits post-Soviet high
Natural gas, gold and cocoa futures all pushed higher on Tuesday, alongside a rally in base metals futures that left some traders at a loss for a convincing explanation.
Global Petroleum remains confident of Namibian asset's value
Global Petroleum told investors on Tuesday that it had been encouraged by results from a recent study on the viability of its offshore Namibia oil portfolio.
Avocet faces uncertain future due to £30m debt
Avocet Mining saw its share price dive on Monday after the company warned that its future hinged on talks with its major lender and largest shareholder.