Market Pulse - Commodities
Commodities: WTI, gasoline jump on latest DoE data
Energy was the strongest segment of the commodity market on Wednesday, on the back of the latest official US crude oil inventory figures and later in the session by a large move lower in the Greenback after the US central bank sounded a more dovish than expected note on policy.
Weekly US crude oil stockpiles rise by less than expected
US crude oil stockpiles increased by less-than-expected last week, held back by another decline in the country's net imports but buoyed by fewer inputs to refineries.
Kodal Minerals secures rights to explore concessions adjacent to Goulamina site
Exploration and development outfit Kodal Minerals will acquire two new concessions within 25km of its Bougouni lithium project in Southern Mali.
Commodities: Saudi pledges deeper oil output cuts
Commodity futures bounced back on Tuesday, helped by improved risk appetite and a commitment from Saudi to reign in crude oil output further.
US heaps pressure on Maduro with new oil sanctions
The United States has approved sanctions against Venezuela's state-owned oil firm PDVSA as it ramps up efforts to force President Nicolás Maduro into relinquishing power of the South American nation.
Ophir Energy extends deadline for Medco takeover offer
Ophir Energy has extended the deadline for Indonesian oil and gas producer Medco Energi Internasional to make a firm takeover offer or walk away from a deal, the company reported on Monday.
BofA-ML cautions risk appetite may be set to correct
Strategists at Bank of America-Merrill Lynch cautioned clients on Monday that financial markets might be set to "correct".
Shake-up for aluminium giants as US lifts curbs on Putin-ally Deripaska
Commodities trader Glencore has shaken up its holdings in aluminium specialists Rusal and En+ Group after the US partially lifted sanctions on Russian billionaire Oleg Deripaska.
SDX Energy plans TSXV delisting
Oil and gas exploration outfit SDX Energy intends to delist from the Toronto Stock Exchange ahead of a move of its corporate residence to the UK from Canada.
Commodities: US energy futures gain after latest DoE inventory numbers
Rising energy futures in the States buoyed the entire complex on Thursday, despite a good bid in the US dollar.
Weekly US crude oil stockpiles jump amid surge in net imports, DoE says
US crude oil stockpiles jumped again last week, partly on the back of a surge in the country's net imports.
US still 'miles and miles' from trade deal with China, America's Wilbur Ross says
America's Commerce Secretary said on Thursday that the US and China remained miles away from a reading trade deal, but did not close the door to an extension of the 2 March deadline on US tariffs.
UK Oil & Gas jumps on plans for nine new wells
UK Oil & Gas (UKOG) jumped on Wednesday after releasing its plans to drill up to nine production, appraisal and exploration wells during 2019 and 2020.
Commodities: Brent, copper futures drop amid trade worries and political tensions
Commodity futures came under selling pressure at the start of the week, with only precious metals and wheat managing to keep their heads above water, as investors in the States returned from the long weekend to find that the federal government shutdown was continuing and began eyeing the next phase of US-China trade talks at the end of the month.
White House reportedly rejects trade planning meeting with China
Selling on Wall Street picked-up on Tuesday afternoon following a report that the White House had cancelled a meeting between top US and Chinese trade officials.
Venezuela claims to have foiled 'extreme right' military coup
An attempted revolt against the Venezuelan government of President Nicolás Maduro by 27 members of the country's National Guard has been quashed, according to the defence ministry.
US to pursue extradition for Huawei executive Meng Wanzhou
The United States is expected to proceed with formal extradition proceedings for Huawei executive Meng Wanzhou, who was recently detained in Canada under accusations of violating US sanctions on Iran.
Chinese President warns of 'serious' threats to Communist Party's long-standing rule
China's President harangued top Communist Party officials on Monday about the challenges facing the country, including the "serious" threats that existed to the party's long-standing rule.
Amerisur uncovers 22.7m barrels of oil at Indico-1X site
South America focussed oil and gas producer Amerisur Resources has uncovered around 22. 7m barrels of oil at its producing Indico-1X well.
Commodities: Copper slips after weak China GDP numbers
Commodities were little changed at the start of the week, with most markets closed in observance of the Martin Luther King Jr. holiday in the States, including the Chicago Board of Trade.