Market Pulse - Commodities
JP Morgan names Shell 'top pick' in EU oil, expects 'stellar' cash flows
Analysts at JP Morgan named Royal Dutch Shell their 'top pick' in the European Union Oil space, in anticipation of "standout" free cash flow generation on the back of stronger macro conditions and catch-up in lagged pricing for liquid natural gas.
ECB plots steady course, 'significantly higher' PEPP purchases to continue
Rate-setters at the European Central Bank plotted a steady course at their latest policy meeting.
Abuja taps StanChart for rail project financing, instead of China Eximbank
Abuja may tap StanChart instead of Chinese lenders for the financing needed to modernise two of the country's main railways.
Russia's Nordgold to pursue London listing
Russian gold mining group Nordgold is planning to return to the London Stock Exchange as part of its strategy to develop its project pipeline.
BP to invest $220m in US solar projects
BP on Tuesday announced it would be investing $220m in US renewables with the purchase of solar projects from developer 7X Energy.
Brent futures hit two-year high ahead of OPEC+ meeting
Oil prices hit a roughly two-year high on expectations that the reopening of advanced economies would run down the inventories that had piled up during the pandemic.