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Market Pulse - Commodities
02 Jul
wind farm offshore green energy
UK should kickstart economy with green projects, says IMF

The British government should attempt to kickstart the economy and create jobs using green projects, said the International Monetary Fund’s chief economist.

01 Jul
drilling samples copper asiamet
Chesterfield Resources encounters 'significant' intersections at Evlim

Precious metals exploration and development firm Chesterfield Resources has encountered significant intersections of sulphide mineralisation at its Evlim target.

30 Jun
hunting energy
Credit Suisse stays at 'hold' on Hunting, expects only 'modest' recovery in US shale

Analysts at Credit Suisse kept their recommendation for shares of Hunting at 'hold', warning clients to expect only a "modest" recovery in activity in the US shale oil sector.

30 Jun
Shell to write down assets by up to $22bn after review

Shell said it planned to write down the value of its assets by up to $22bn after lowering its outlook for oil and gas prices amid the Covid-19 pandemic.

29 Jun
hunting energy
Hunting cuts workforce by a quarter

Energy services group Hunting cut its workforce by 25% on Monday as a result of lower oil prices due to the Covid-19 pandemic.

25 Jun
US trade deficit widens unexpectedly in May on oil

America's foreign trade balance in goods increased sharply last month amid a slide in exports, but likely driven only by oil.

23 Jun
London Stock Exchange, markets, traders, trading, City, shares
Director dealings: Polymetal COO sells shares, Volex director ups stake

Polymetal International revealed on Tuesday that chief operating officer Vitaly Savchenko had disposed of 10,000 ordinary shares in the FTSE 100-listed precious metals miner.

23 Jun
ep filed - 16 august 2019 emlichheim pump jacks operate at wintershall dea premises energy ministers
i3 Energy acquires Toscana Energy in reverse takeover

Oil and gas company i3 Energy exercised its option to acquire all of the issued and outstanding common shares of Toscana Energy on Tuesday.

19 Jun
Petropavlovsk to seek secondary listing on Moscow Exchange

Russia focused miner Petropavlovsk is seeking a secondary listing on Moscow's stock exchange with a view to expanding its investor base in that country and the positive knock-on effects on the the shares' liquidity, shares trading volumes and for the visibility of its brand.

19 Jun
exploration well, oil & gas
Trinity Exploration on track to break even in 2020

Oil company Trinity Exploration said on Friday that it was on track to break even in 2020 following a "strong operational and financial performance" during the prior year.

17 Jun
ep plataforma petrolera
Growth in US oil stockpiles slowed last week, DoE says

Oil stockpiles in the US rose during the preceding week despite a sharp fall in domestic output, linked to tropical storm Cristobal, and a reduction in net imports.

17 Jun
ep plataforma petroliera
Canaccord raises target on Premier Oil but sees shares 'fully valued'

Analysts at Canaccord Genuity raised their target price for shares of Premier Oil, but kept their recommendation at a 'hold', arguing that they were fully valued.

15 Jun
EU responds to Chinese state aid for two Egypt-based exporters with tarriffs

The European Union has announced its first ever levy in response to Chinese state aid for firms exporting to the bloc from outside the Asian giant.

15 Jun
ep unilever
Unilever to invest €1bn in environmentally friendly projects

Unilever pledged to invest €1bn over the next decade in environmental projects that will improve the “health of the planet”.

15 Jun
Berlin invests 300.0m euro in Covid-19 maker CureVac

Berlin unveiled a multi-million dollar investment into German biotechnology outfit CureVac, alongside dievini Hopp BioTech, SAP co-founder Dietmar Hopp's holding company.

15 Jun
johnson matthey industrial
Berenberg raises target price for Johnson Matthey, hails reduction in net debt

Analysts at Berenberg raised their target price on diversified chemicals group Johnson Matthey from 2,400. 0p to 2,700. 0p on Monday, but stated that it was "a bad day for good news".

15 Jun
Chinese output may have recovered to 2019 levels in May, economists say

The latest batch of Chinese economic indicators came in below economists' forecasts but some analysts said they would still lead to upwards forecast revisions.

11 Jun
Deutsche Bank ups targets for miners, positive on Chinese growth

Analysts at Deutsche Bank hiked their target prices for a raft of miners on Thursday, despite what it termed the "clear risks and uncertainties" around Covid-19 and the outlook for global demand.

11 Jun
Oil & gas rig
Canaccord raises target price on Hurricane Energy

Analysts at Canaccord Genuity slightly lowered their target price on oil exploration company Hurricane Energy from 16. 0p to 14. 0p on Thursday following the firm's recent change in leadership.

10 Jun
controle-temperature-coronavirus-covid-19-aeroport-hong-kong-chine 20200504143925
Chinese money supply data point to faster growth in 2021

Money supply growth in the People's Republic of China picked up noticeably last month, leading some economists to push back on expectations for further interest rate cuts - at least for the moment.