Market Pulse - Commodities
Week ahead: Covid-19 containment, OPEC in focus
The focus over the coming week will be on the success or not of containment measures across the globe.
Brent futures jump again after report Russian firms ready to cut
Crude oil futures extended the previous day's rally following reports that Russian oil producers were prepared to reduce their own output to help stem the rout in prices.
Brent oil spikes higher after Trump says Russia and Saudi will cut output
Traders in Brent crude oil endured a roller coaster-like session after the US President said Russia and Saudi had agreed to restrain their combined output, but Russian officials quickly appeared to call that into doubt, at least in part.
FTSE 100 movers: Shell and BP pace gains as Brent surges 24%
US President Donald Trump triggered a sharp rally in crude oil futures on Thursday after doubling-down on his optimism regarding a detente between Russia and Saudi in their oil price war.
Wood Group pulls dividend, cuts executive pay, axing some staff
Wood Group pulled its dividend, implemented a 10% pay cut for executive directors and admitted it would have to axe some staff as the impact of the coronavirus pandemic was felt through the business.
Rio Tinto accused of violating human rights at Papua New Guinea plant
Mining giant Rio Tinto was accused of “multiple human rights violations” at its Panguna mine in Papua New Guinea after leaving people with poisoned water, polluted fields and a ruined river valley.
Trump warns of 'painful' weeks ahead as coronavirus crisis hits US hard
US President Donald Trump warned of “painful” and “tough” two weeks ahead as he extended the social distancing measures across the country while predicting around 100,000 to 240,000 deaths from the Covid-19 pandemic.