Market Pulse - Commodities
BP posts better-than-expected profits and cash flow, output higher
Oil major BP posted better-than-expected first quarter profits and cash flows for the first three months of 2019, together with higher output.
Commodities: Gains for energy and metals offsets weakness in grains and cocoa
Strength in energy and metals offset widespread weakness in the soft commodities space on Tuesday despite soft readings on various key surveys linked to the Chinese economy.
ITM Power skyrockets as 'zero emissions' target could boost hydrogen fuel
Shares of ITM Power jumped as anti greenhouse emissions talks consider hydrogen fuel as possible replacement for fossil fuels.
Nostrum Oil & Gas sees results from Chinarevskoye Well 42 at the end of May
Nostrum Oil & Gas continued to run down its cash on hand during the first quarter even as its output continued to outpace the run rate predicted by management for the full-year.
Aura Energy takes 'definitive steps' towards production at Tiris
Exploration and development outfit Aura Energy told investors it had taken several "definitive steps" towards realising production at its Tiris uranium project.
Angus Energy raises £3m through share placing
Angus Energy has raised more than £3m though a share placing, as part of plans to acquire a 51% interest in an onshore gas field.
Oilex preps for drilling at Cambay following turbulent quarter
Exploration and production outfit Oilex told investors on Tuesday that the 2019-20 work programme and budget for its Cambay asset were "well advanced" and now included the drilling of two vertical wells.
Sirius Minerals shares crash after announcing heavily-discounted $3.8bn cash call
Sirius Minerals narrowed total losses in its last trading year as a result of a fair value re-measurement of derivatives associated with its convertible loans.
China factory sector activity slows in April, PMIs reveal
Chinese factory sector conditions cooled unexpectedly in April, according to the results of two very closely-followed surveys, indicating that the Asian giant's economy "was not yet out of the woods", according to economists.
Tuesday preview: Alphabet, BP and US-China trade in focus
The focus at the end of the month will be on the start of the next round of US-China trade talks in Beijing, with investors looking for signs that a deal remains on track, or otherwise.
Anadarko to resume negotiations with Occidental Petroleum
Anadarko Petroleum will resume negotiations with Occidental Petroleum after it trumped Chevron's $65 a share offer for the US oil and gas exploration and production company with a $76 a share proposal.
Xi pledges "green and sustainable" Belt and Road initiative
China’s President Xi Jinping tried to ease concerns at the Belt and Road project summit in Beijing and pledged it would be a “green and sustainable” initiative.
Commodities: Brent dips despite reports of some Russian oil exports being suspended
Commodity prices dipped on Thursday amid reports that some Russian oil shipments to Europe had been cut off due to concerns around quality.
Berenberg reaffirms 'hold' rating on Tullow Oil despite 'disappointing update'
Analysts at Berenberg reiterated their 'hold' rating on stocks of Tullow Oil following its "disappointing update" on Thursday.
Belt and Road: China showcases initiative to world leaders and addresses worries
The Chinese government is set to present its Belt and Road trade initiative to world leaders at a gathering in Beijing starting on Thursday.
Jefferies reiterates 'hold' rating on Tullow Oil ahead of AGM
Analysts at Jefferies kept their 'hold' recommendation and 245p target price on shares of exploration and production outfit Tullow Oil ahead of the company's AGM trading update on Thursday, even as they called attention to Exxon Mobil's decision during the previous week to send two rigs to appraise the Hammerhead discovery, offshoe Guyana, labelling it "significant".
Occidental Petroleum trumps Chevron offer for Anadarko
Occidental Petroleum has offered to buy Anadarko for $76 a share, trumping a $65 a share offer from Chevron earlier this month.
Petropavlovsk production dips but profits boosted by cost-cutting
Petropavlovsk's shares dipped on Wednesday after the gold miner reported a drop in annual revenues on the back of a decrease in gold sales and production, though results were still ahead of expectations.
Deutsche Bank and UBS plot asset management merger
Deutsche Bank and UBS have been discussing for months a possible tie-up between their two asset management arms that would result in the creation of Europe's largest investment firm.
America's Lighthizer, Mnuchin to travel to China next week
America's top trade negotiators will travel to Beijing next Tuesday with a view to having a draft deal in place by May.