Market Pulse - Commodities
Sinovac researchers 99% sure Covid-19 vaccine will be 'effective'
Scientists at Chinese biotechnology form Sinovac are 99% sure that their Covid-19 vaccine candidate will be effective.
Sberbank launches physical commodities trading arm in Zug, Switzerland
Russia's largest lender has opened a commodities trading company in Switzerland focused on oil, base metals and bulk commodities.
Petropavlovsk FY profits slip despite sharp revenue growth
Russian oil and gas explorer Petropavlovsk posted a slight drop in full-year profits on Wednesday as a result of increased one-off expenses throughout 2019.
Canaccord Genuity lowers target on Hurricane Energy following Lancaster shut-in
Analysts at Canaccord Genuity dropped their target price on oil and gas group Hurricane Energy from 24. 0p to 16. 0p and lowered the firm to 'speculative buy' from 'buy' following the company's decision to shut in one of its Lancaster production wells.
Google considers cutting production of AI tools for fossil fuel firms
Google pledged to stop making customized AI tools for oil and gas firms in a pledge to help in the fight against climate change.
Canaccord stays at 'buy' on Hunting but questions strategic direction
Analysts at Canaccord Genuity stuck with a 'buy' recommendation on shares of energy services provider Hunting, pointing out its solid balance sheet.
JP Morgan cuts Drax target price but says shares are 'oversold'
Analysts at JP Morgan reiterated their 'overweight' stance on shares of Drax, telling clients that markets were apparently discounting too steep a drop in wholesale electricity power prices and overlooking the company's resilience in the face of the Covid-19 pandemic.
US import prices drop sharply in April
Import prices in the US crashed during April amid a steep drop in energy costs.
Premier Oil outlook is uncertain, Berenberg says
Premier Oil's outlook is unclear after a mixed trading statement, Berenberg analysts said as they kept their 'hold' rating on the company's shares.
Majority of Covid-19 cases with slight symptoms generate immune response, study shows
The majority of people infected with the novel coronavirus generate an effective immune response for the "following months", US researchers believe.
Some Italian patients report improvement after receiving blood plasma
A report surfaced on Monday pointing to clinical benefits from what some observers touted as potentially one of the most promising treatments for the Covid-19 coronavirus.
Diversified Gas & Oil maintains dividend despite recent volatility in oil prices
Natural gas group Diversified Gas & Oil said on Monday that it would be paying out dividends despite recent volatility in global energy markets.
Hong Kong's economy slumps as Covid-19 deepens recession
Hong Kong’s recession has deepened significantly, after the Covid-19 shutdown compounded last year’s anti-government protests, official figures showed on Monday.
US accuses China of covering up severity of Covid-19 outbreak
America's Department of Homeland Security accused China of downplaying the severity of the Covid-19 outbreak in the Asian giant even as it ramped up imports of medical supplies and tried to mask its purchases.