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Market Pulse - Commodities
24 Apr
oil offshore tullow drilling
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".

24 Apr
meeting, takeover, talks, bid, merger, acquisition, board
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.

24 Apr
lingote oro gold
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.

24 Apr
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.

24 Apr
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.

24 Apr
One-off charges hammer ABF's bottom line

Associated British Foods posted a big drop in first half earnings as the company's bottom line was hammered by one-off costs, but said full-year profits were still expected to be in line with the prior year's result.

23 Apr
Commodities: Brent climbs, but copper dips as US dollar strengthens

Energy futures continued pushing higher on Tuesday on follow-through buying after the Trump administration decided the day before to cut Tehran's crude oil exports to zero by not extending waivers from its sanctions against countries purchasing oil from Iran.

23 Apr
London Stock Exchange AIM LSE shares
Rustranscom delays IPO following approaches from private equity

Rustranscom on Tuesday confirmed that it has postponed a planned initial public offering on the London Stock Exchange in favour of a private equity transaction.

23 Apr
Sector movers: Oil&Gas paces gains, but defensives find bid on increased geopolitical risk

Oil&Gas related issues topped the leaderboard in London at the start of the holiday-shortened week, as traders got a chance to react to Washington's decision to act on a previous threat of taking Iranian crude oil exports to zero.

23 Apr
onshore windfarm
German renewables investor sets sights on LSE for market listing

German investor Aquila is considering the London Stock Exchange as a potential venue for a market listing of its renewable energy fund within the next two months.

23 Apr
Nodding donkeys, pumpjacks, oil & gas, drilling
Upland Resources 'encouraged' by unsolicited approaches

Upstream oil and gas outfit Upland Resources has received several unsolicited approaches from companies looking to pick up a stake in its Tunisian operations.

23 Apr
Barclays says crude oil gains justified after US pushes for zero Iran exports

Analysts at Barclays Research said Washington's decision to "tighten" the screws on Iran would do the same to the oil market, posing a "material" risk to their 2019 oil price forecasts, while increasing the odds of a potential conflict in the Middle East, but not for the longer term.

22 Apr
Brent and WTI futures jump as US scraps sanctions waivers for Iranian oil

Oil prices rose on Monday after the US announced that countries trading with Tehran must end all imports of crude from Iran or face sanctions.

18 Apr
petroleo680 280
Jadestone Energy revenue soars on production increase

Jadestone Energy on Thursday reported an annual loss, though its revenues more than doubled following an increase in production and on the back of higher oil prices.

18 Apr
88 Energy progresses with farm-out discussions

Oil and gas outfit 88 Energy continued its conventional farm-out campaign for its Icewine project during the first quarter of the year, with the deadline for bids extended to 31 January due to demand from multiple parties.

17 Apr
portada china fidelity
China prepping new stimulus package, says Bloomberg

Chinese officials appear to be preparing a stimulus package as they aim to improve sales of items such as cars and electronics after the nation's economy showed signs of reinvigoration on Wednesday.

17 Apr
iron ore hierro metals commodities ferrexpo pellets
RBC reiterates 'sector perform' rating on BHP despite disappointing quarter

Analysts at RBC Capital Markets reiterated their 'sector perform' rating on BHP following "another disappointing operational quarter", noting the performance was somewhat already priced in.

17 Apr
offshore north sea oil drilling premier oil
Serica Energy gushes higher as output runs ahead of forecasts, cash piles up

Serica Energy's shares leapt on Wednesday after acquisitions and the resumption of key operations led to a jump in annual revenue and profits, with output from the former running ahead of expectations.

17 Apr
US-China deal could give Beijing dangerous trade tool

Treasury Secretary Steven Mnuchin said on Monday that the US agreed with China that the enforcement mechanism of fair trade will be reciprocal, in a move that some observers believed might harm US companies and the World Trade Organization itself.

16 Apr
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Coro Energy leaps following Indonesian gas acquisition

Coro Energy's shares stormed on Tuesday after the company completed its obligations to acquire a 15% working interest in the Duyung production sharing contract (PSC) in Indonesia.