Market Pulse - Commodities
Europe midday: Stocks push higher into the end of the quarter
Stocks on the Continent are pushing higher at quarter-end, buoyed by positive trade headlines and favourable economic data out of Germany.
Glencore agrees more than $14bn of credit facilities
Glencore has arranged more than $14bn of bank loan agreements including oversubscribed short-term facilities of almost $10bn.
Gulf Keystone declares maiden dividend following record revenues
Gulf Keystone's shares dropped on Thursday even as the company declared its maiden dividend following a leap in annual profits as revenues hit record levels.
China makes 'unprecedented' proposals, US may lift some tariffs
China has made "unprecedented" proposals to Washington on various issues, including the forced transfer of technology, Reuters reported, citing a US official, and Washington might be open to removing some of its tariffs on Chinese goods.
Oil prices fall as Trump calls on Opec to up production
Donald Trump has called on the Organization of Oil Exporting Countries to up its output, triggering a slide in oil futures.
Europe midday: Stocks edge into the green, helped by progress in US-China trade talks
Stocks on the Continent are moving into the green shortly after the midpoint of the session with shares of Basic Resources companies and lenders' trading places even as, at least for now, global growth concerns appear to abate.
US crude oil inventories stage surprise increase, DoE says
US oil stockpiles jumped unexpectedly last week, as net imports increased slightly and refinery rates declined.
Thor Mining acquires Australian gold and uranium explorers
Resources company Thor Mining has acquired two Australian gold and uranium exploration companies to expand its operational portfolio in anticipation of the crystallisation of value from its Molyhil and Kapunda projects.
EU calls for fairer trade relationship with China
Europe’s top leaders told President Xi Jinping on Tuesday at talks held in Paris they wanted a fairer trading relationship with China.
BP pledges $100m to greenhouse gas emissions reduction project
BP announced on Tuesday it will commit $100m to a fund for projects aimed at reducing greenhouse gas emissions from its Upstream oil and gas operations.
SolGold advances preliminary economic analysis at Alpala
Explorer SolGold's preliminary economic analysis on its Alpala project has progressed to "a very advanced stage", with the company now expecting to complete and release its report following peer review and QAQC procedures.
Cadence Minerals raises £1.3m to fund Australian exploration programme
Cadence Minerals raised £1. 3m through a placing of 866m ordinary shares on Tuesday in order to fund an initial exploration programme across its Australian lithium assets.
Commodities: Oil futures whipsawed amid growth concerns, gold gains
Commodity traders endured another volatile session on Monday, as 'market chatter' around a possible US recession looming on the horizon percolated through the different asset classes.
Lonmin paints bleak picture as it calls on shareholders to back takeover
Lonmin issued a stark warning on Monday, telling investors it does not have the funds needed to sustain the business long-term, and urged them to back a takeover offer from rival miner Sibanye-Stillwater.
Pantheon Resources strikes oil on Alaska's North Slope
Oil and gas explorer Pantheon Resources has confirmed an oil discovery at its Alkaid well on Alaska's North Slope.
Weekly US oil and gasoline inventories fall rapidly, DoE says
US crude oil inventories shrank sharply during the preceding week as exports and refinery activity picked up.
Commodities: Metals and energy eke out small gains as US dollar dips
Commodity prices edged higher on Tuesday, with base metals pacing gains as the Greenback drifted lower ahead of the Federal Reserve's next policy meeting.
EU trade surplus with US rises to more than €11bn
The European Union’s trade surplus with the United States continued to rise in January, further underlining tensions between Brussels and Washington.
RBC Capital downgrades Cairn Energy as the 'fast money' moves on
Analysts at RBC Capital Markets downgraded shares of oil and gas outfit Cairn Energy from 'outperform' to 'sector perform' on Friday, noting that the "chance of a quick, 160p, payout" had been deferred.
Trump says 'no rush' to sign trade deal as China presses for state visit
US President Donald Trump said late on Wednesday that he is in “no rush” to sign a pact with China and that he would walk away from talks if any new trade deal is not to his liking.