Market Pulse - Commodities
Commodities: Brent futures dip ahead of OPEC+ meeting
The energy space was in focus on Wednesday, ahead of the ministerial meeting of Organisation of Petroleum Exporting Countries and its allies scheduled for the following session.
EnQuest expects to meet FY production targets following Magnus acquisition
British oil and gas firm EnQuest said it was on target to meet full-year production targets following the completion of its acquisition of the Magnus oil field from BP.
Eco Atlantic Oil & Gas to commence drilling offshore Guyana in 2019
Eco Atlantic Oil & Gas confirmed on Wednesday that it will drill its first Guyanese exploration well at the Jethro-Lobe offshore prospect as part of its 2019 programme.
Markets gear up for Opec cut ahead of 'make-or-break' meeting with Russia
Opec is expected to cut production by more than 1m barrels per day when it meets in Vienna on Thursday, providing some respite for under-pressure oil prices.
Commodities: All OPEC+ members must join in oil output cut, Saudi says
Commodity futures were higher on Tuesday, helped by gains for natural gas, precious metals and select agricultural contracts, but oil gave up earlier gains.
Mervyn King blasts May's Brexit plan and BoE successor Carney
Former governor of the Bank of England Mervyn King on Tuesday launched an attack on the government, likening Theresa May’s Brexit deal to appeasement tactics used with Nazi Germany in the 1930s.
Palladium price hits record high and gets within $10 of gold
Palladium prices are hitting record highs and could reach parity with gold, in a market considered to be in an annual supply/demand deficit, according to analysts.
Start date for talks with China was 1 December, Trump says
The US President weighed in on Tuesday indicating that the roughly three-month long window for trade negotiations with Beijing had begun on 1 December while reiterating the broad outlines of the agreement struck with his opposite number in China, Xi Jinping.
Oil prices spike as Qatar drops out of Opec, rumours of production cut
Qatar plans to pull out of the Organization of the Petroleum Exporting Countries (OPEC) in January, the country's energy minister warned on Monday.
Chinese exports fall as Sino-US trade war bites
Manufacturing remained stable in China in November, although the simmering trade war between Washington and Beijing continued to dent exports.
US and China ink temporary trade truce, analysts give mixed reaction
The US and China agreed to renegotiate their trading relationship at the weekend, with both sides offering concessions, although at least initially analysts appeared divided in their reactions.