Market Pulse - Commodities
Eco Atlantic floats on AIM to develop Guyana oil basin
Eco Atlantic was admitted to trade on London’s Alternative Investment Market on Wednesday to enable the Canadian oil and gas explorer to enhance its offshore exploration programmes in Guyana and Namibia.
Commodities: Crude lower, gold steady ahead of Trump's speech to Congress
Crude-oil futures slipped lower Tuesday as traders focused on Opec-led output cuts amid a global supply glut, and increasing production from the US, with safe-haven gold steady ahead of US President Donald Trump's speech before Congress.
Commodities: Gold a snip ahead as markets look to Trump soapbox before Congress
Gold futures are a snip higher and sitting just below resistance as global markets anticipate US President Donald Trump's soapbox address to Congress on Tuesday, and also mull potential US Federal Reserve interest rate hikes this year.
Commodities: Dissatisfied traders sell crude on rise in US inventories
Crude-oil futures are rising Friday as traders continue to express dissatisfaction at yet another rise in US inventories amid a long-running global glut of the black liquid.
Diversified Gas & Oil to buy US wells for $1.75m
AIM-listed explorer Diversified Gas & Oil is to buy a package of producing wells in Ohio and Pennsylvania in the US for $1. 75m, which is expected to increase its daily production.
Commodities: Crude surges on drop in US supplies as gold rises, dollar falls
Crude-oil futures raced ahead Thursday after overnight American Petroleum Institute figures revealed a drop in US supplies of the black liquid.
Sector movers: Non-life insurers, miners lead gains
The latest raft of earnings reports was the main driver behind sector movements on Thursday afternoon, with Non-life insurers and Mining shares leading the way.
BlueRock Diamonds says claims over expenses by former CEO are 'without merit'
Shares fell over 8% in BlueRock Diamonds on Monday as the miner said that following an investigation over claims for expenses at its one of its subsidiaries by a former chief executive were “without merit”.
Commodities: Crude falls as concerns of lingering global glut come to the fore
Crude futures pushed lower Wednesday as some in the market took a view that the global supply glut of the black liquid is set to last a lot longer.
JPMorgan and Morgan Stanley approached for Saudi Aramco IPO - reports
Saudi Aramco's attempt to bring about the world's largest initial public offering could be assisted by US investment banks JPMorgan Chase and Morgan Stanley, according to reports on Wednesday.
Qatar oil minister says OPEC deal had 'remarkable impact' on falling prices - report
The OPEC's agreement to cut global oil production, which has led to a recovery in prices, and "return the market to balance", Qatar's energy minister said in a speech in London on Wednesday.
Commodities: Crude soars as Opec official signals potential for more measures to curb glut
Crude-oil futures raced ahead Tuesday as a key Opec official said more measures may be needed to curb a persistent global glut of the black liquid, while a stronger dollar weighed on gold.
Europa Oil & Gas to sell 10% of its stake in Lincolnshire licences
AIM-quoted Europa Oil and Gas is to sell 10% of its stake in two Lincolnshire licences to Upland Resources.
Saudi Aramco flotation may be pushed back until 2019
Efforts to float a stake of Saudi Arabian state oil firm Saudi Aramco have been stunted, with the date of potentially world's largest ever IPO being pushed back as far as 2019.
Wood Group retains cautious outlook going into 2017
Wood Group saw full-year 2016 profits sink amid challenging conditions in its core Oil & Gas market - describing the pricing environment as competitive - and said it remained cautious about the near-term outlook.
FinnAust Mining to change name to Bluejay Mining after it buys remaining 40% stake
Explorer FinnAust Mining is to change its name to Bluejay Mining after its buys the remaining stake in the titanium miner that it does not already own.
Commodities: Crude rises despite rising US rig count as sterling gains on dollar
Crude-oil futures are ahead Monday despite a rising rig count in the US, with sterling gaining against the US dollar as the UK Brexit Bill goes before the House of Lords for discussion.
Edenville Energy raises £2m to develop Tanzania coal project
Edenville Energy, which is developing a coal-to-power project in Tanzania, has raised £2m to advance its progress to full coal mining operations.
Citi sees copper futures peaking above $8,000 by 2020
A "dramatic" crunch in miners' capital spending had set the stage for the price of copper to peak above $8,000 per metric tonne by the end of the decade, Citi said.
Condor Gold planning £5.24m fundraising to develop Nicaragua mine
Condor Gold plans to raise £5. 24m in share placing and director's subscription to further develop its mine in Nicaragua.