Market Pulse - Commodities
Serica Energy wraps up acquisitions of North Sea fields
Serica Energy completed its acquisition of the Bruce, Keith and Rhum fields and associated infrastructure in the UK North Sea from BP, leading to the readmission of its shares to AIM after the reverse takeover necessitated their suspension.
Jangada Mines losses widen as Pedra Branca investments increase
South America-focussed platinum group Jangada Mines saw ore volumes increase during its last trading year but increased admin costs saw the project developer's annual losses widen.
Trump cancels Putin meeting as Merkel condemns Kremlin
President Trump has cancelled his G20 meeting with Russian President Vladimir Putin, citing the recent confrontation between Russian and Ukrainian vessels in the Sea of Azov. in Argentina with President Vladimir Putin. I look forward to a meaningful Summit again as soon as this situation is resolved! — Donald J. Trump (@realDonaldTrump) November 29, 2018.
US weekly oil stockpiles build more quickly than expected
US crude oil stockpiles jumped last week, easily surpassing analysts' forecasts.
Putin calls on US to abandon 'unilateral sanctions', says $60 oil 'acceptable'
Russian President Vladimir Putin called on the US to abandon its policy of unilateral sanctions and to instead seek common ground.
Mosman Oil and Gas narrows losses amid 'very challenging' climate for juniors
Mosman Oil and Gas saw losses narrow in its last trading year despite a "very challenging" outlook for junior oil companies amid recent oil price movements.
US trade deficit on goods rises slightly more than expected in October
America's shortfall on trade in goods with the rest of the world widened last month as export growth slipped.
Commodities: Brent recovers from intra-day lows, G-20 and end-of-year in focus
Commodities came under renewed selling pressure on Tuesday as the US dollar continued to push back towards its 52-week highs, even as traders continued to wonder aloud whether the Organisation for Petroleum Exporting Countries would finally coordinate to reduce its combined output.
No country can win a trade war - China vice premier
China’s vice premier has told an economic conference in Germany that no country can emerge victorious from a trade war.
Commodities: Energy futures heavily discounted on Black Friday
Energy futures continued coming under overhwelming selling pressure at the of the holiday-shortened trading week as investors in the States reacted with a lag to news during the previous session that Saudi output was also running at a record pace in November, alongside that in the US and Russia.
US President and Chinese offcials sound positive note ahead of G-20
The US President and two top Chinese officials made positive sounding remarks regarding the prospects for reaching a deal on trade at the upcoming G-20 meeting in Buenos Aires, Argentina.
BP starts production from Shetland's Clair Ridge project
BP is launching its first oil production from the offshore Clair Ridge project in the West of Shetland, more than 40 years after oil was first discovered in the area.
Sharp drop in US durable goods orders for October
Orders for goods made to last more than three years plumeted in October amid sharp drops in those for both civilian and military aircraft, although the underlying data was stronger.
Commodities: Brent's fall towards 200-day moving average continues apace
Crude oil futures were again trading on the back foot on Tuesday, following the broad cross-asset class price pattern seen on multiple occasions over the last few weeks, with oil futures lower, the US dollar higher and risk assets - including equities and junk debt - generally weaker globally.
2017 Bitcoin rally under investigation by DOJ
America's Department of Justice is investigating whether the 2017 rally in the price of Bitcoin was the result of traders driving it up via trading in Tether, a popular and controversial digital token.
Maldives set to ditch 'one-sided' China trade deal
The Maldives is likely to withdraw from a free trade agreement with China and align itself more closely with India and the West under its new government, according to reports on Tuesday.
Communications taking place at all levels of government with China, US's Kudlow says
The White House's top economic adviser reiterated on Tuesday that trade talks with the People's Republic of China were ongoing.
US considers tighter export controls on latest generation of dual-use technologies
The Trump administration is considering tightening controls on high-technology exports, including those related to artificial intelligence and other so-called 'dual-use' technologies, as the trade war with China intensifies.
Commodities: Gains for natural gas help offset losses in agricultural futures
Natural gas futures continued to move back towards their recent 52-week highs, alongside a small advance in crude oil futures.
China alleges top three chipmakers involved in price-fixing
China vowed to deepen a probe into Samsung, Micron and SK Hynix following what it said was the discovery of "massive evidence" that the world's three kargest chipmakers were colluding to rig prices.