Market Pulse - Commodities
Brent edges higher following weekly DoE data
US oil stockpiles fell by more than expected last week on the back of a sharp drop in net imports.
Commodities: Energy futures mixed despite stock draw in the States
Commodity prices were edging higher in the middle of the week, buoyed by data showing a larger than expected drop in US crude oil inventories and an improved risk appetite in financial markets.
Canaccord upgrades Tullow Oil to 'buy' on success offshore Guyana
Analysts at Canaccord Genuity raised their target price on shares of Tullow Oil following the oil explorer's recent success at the Jethro-1 exploration well offshore Guyana.
Galileo Resources to apply for mining permit for Zambia zinc project
Galileo Resources is set to apply for a mining permit for its Star Zinc Project near Lusaka, Zambia, after completing an initial inferred resource estimate on Wednesday that supported its initial estimates.
Caspian Sunrise makes first sale from BNG contract area
Oil and gas exploration and production company Caspian Sunrise has inked a contract with an unnamed international oil trading group for the sale of 29,000 barrels of oil in September.
Xtract Resources reports positive test results at Zambia mine
Xtract Resources on Tuesday reported positive assay results from preliminary sampling of mine tailings at the Kalengwa copper project in Zambia.
Keras Resources investee begins drilling programme in Western Australia
Keras Resources on Tuesday confirmed the start of a major drill programme announced by its investee company Calidus Resources at its flagship Warrawoona Gold Project in the Pilbara region of Western Australia.
Cadence Minerals leaps as Yangibana Project wins environmental approval
Cadence Minerals shares jumped on Tuesday as it announced the granting of an environmental permit for the Yangibana Rare Earths Project in the Gascoyne region of Western Australia.
Cabot Energy shares slide as production and sales dive
Cabot Energy's shares slid on Tuesday after it reported a steep decline in second quarter production and sales as cost-cutting efforts took their toll on operations.
Commodities: Crude gains after drone attack on Saudi field, gold futures dip
Strength in energy futures helped offset weakness in metals and agricultural futures at the start of the week amid more positive news headlines on global trade and speculation of further policy easing by several of the world's major central banks.
US Commerce Department set to renew temporary Huawei license, Ross says
The US Department of Commerce will extend its temporary general licence for Chinese telecommunications equipment giant, Huawei, for another 90 days.
Week ahead: Huawei, Jackson Hole symposium in focus
The economic calendar will be exceedingly thin over the coming week and back-end loaded but with several potential key risk events strewn across investors's paths.
RBC bumps up target price for Cairn Energy
Analysts at RBC Capital Markets upped their target price on shares of Cairn Energy from 185p to 195p on Friday, stating the group was "well positioned" to weather the current "macro storm".
ECB's Rehn tells WSJ any new easing must be 'significant and impactful'
A top European Central Bank official argued at the end of the week for the monetary authority to err on the side of caution and deliver a larger than expected does of monetary stimulus when policymakers next met.
Commodities: Energy futures slip amid volatile trading but gold sparkles bright
A widely-followed proxy for commodity prices continued to flirt with its 52-week lows on Thursday amid ongoing strength in the US dollar against a backdrop of choppy trading in stockmarkets around the world as China said it would retaliate against the latest round of US trade tariffs and President Donald Trump responded that any deal had to be on American terms.
Berenberg starts Jadestone Energy at 'buy'
Analysts at Berenberg initiated coverage on Jadestone Energy at 'buy' on Thursday, stating that the company's efforts to turn around mature assets that had been neglected by their previous owners during the downturn would lead to the stock's re-rating if successful.
Jefferies welcomes governance changes at Burford Capital, reiterates 'buy'
Analysts at Jefferies gave the 'thumbs up' to Burford Capital's response to shareholder concerns about governance, reiterating their 'buy' recommendation and 2,400p target price for the shares.
JPM downgrades Glencore to 'underweight' on commodity price weakness
Analysts at JPMorgan Cazenove downgraded heir recommendation on shares of mining giant Glencore to 'underweight' on Thursday, citing deteriorating fundamentals.
Nanoco revenues more than double following 'strong operational performance'
Quantum dots manufacturer Nanoco Group saw revenues more than double in its last trading year thanks to the early delivery of some income under a major services contract.