MARKET PULSE - COMMODITIES
27 Mar
Rand recoils as Zuma recalls finance minister
south Africa

South Africa's rand tumbled sharply on Monday after finance minister Pravin Gordhan was recalled by President Jacob Zuma.

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24 Mar
Commodities: Crude trades sideways as traders look to Opec's Sunday meeting
enquest, oil, drilling, rig, crude

Crude-oil futures traded essentially sideways ahead of Opec's meeting on Sunday, with traders already nervous about the global glut of the black liquid looking for a further production-cut pledge from the cartel.

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24 Mar
Royal Dutch Shell sells Gabon interests for $1bn
VidaCaixa 3

Oil giant Royal Dutch Shell is to sell its onshore interests in Gabon to Assala Energy, a portfolio company of Carlyle Group, for up to $1bn.

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24 Mar
End of BHP's Escondida strike does not impress market much
minera escondida

Striking workers at BHP Billiton's Escondida mine in Chile agreed to end their 43-day industrial action on Thursday, but management are reportedly unhappy and analysts were unimpressed.

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23 Mar
Commodities: Gold a snip ahead with risk aversion potentially driving further gains
Gold bars, coins, mining, metals

Gold was pricing a snip higher on Thursday afternoon with present risk aversion in the market potentially able to lift the nil-yielding precious metal higher in the short term.

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22 Mar
Fitch downgrades Saudi Arabia over reform doubts
arabia saudita

Ratings agency Fitch has downgraded Saudi Arabia's sovereign debt rating to 'A+' from 'AA-' as it expressed major doubts about the government's financial reform programme.

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22 Mar
Commodities: Crude prices tumble after US inventories build; Brent peeps below $50
barrel

Crude-oil futures are strongly lower Wednesday afternoon in the aftermath of two separate reports -- one this afternoon and the other last night -- that again showed rising US stocks of the black liquid.

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22 Mar
Europe open: Stocks down, traders eye key levels for Brent and euro
cbpatrickharker

European stocks began the morning on a down note, tracking a weaker Wall Street as investors took profits following recent strong gains for the main benchmarks.

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22 Mar
Brent oil futures flirting with key technical support
Oil & gas plant

Front mont Brent crude oil futures are testing a key level of technical support which if lost might open the way for a fall towards $46. 00.

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21 Mar
Sector movers: Miners hit as US dollar drops back to end-January lows
Money cash dollars

Steel-makers and miners bore the brunt of selling as the US dollar continued to weaken and Freeport resumed copper concentrate production at its Indonesia Grasberg mine.

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21 Mar
Commodities: Crude falls ahead of API stockpiles data; more downside forecast
Oil & gas rig worker, energy, drilling

Crude-oil futures are down heavily Tuesday as markets look to an expected rise in American Petroleum Institute's weekly stockpile figures out later tonight, with traders taking a view that the black liquid's price may yet fall further.

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21 Mar
Saudi Arabia holds key to extension of oil output cut deal, Russia says
russia

Russia's envoy to the Organisation for Petroleum Exporting Countries said a deal to curb oil output might be extended past June.

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21 Mar
Faroe Petroleum bumps up full-year 2017 production guidance
BP oil rig offshore Azerbaijan; oil & gas

Norway and UK-focused Faroe Petroleum reported a large rise in full-year 2016 production amid a ramp-up in exploration, while bumping its guidance for 2017.

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21 Mar
Enquest says Kraken running on schedule and under budget
enquest, rig, oil

Enquest said the development of the Kraken field was continuing to run on schedule and under budget, while reiterating previous guidance for full-year 2017 production of between 45,000 and 51,000 barrels per day.

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21 Mar
Shell commits to drilling new wells to maintain Australian gas supplies
Oil refinery, energy

Royal Dutch Shell announced it would drill over a hundred new wells in Australia over the next two years in response to warnings of looming supply shortages as well as blackouts and brownouts in the east of the country in the past year.

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20 Mar
Commodities: Crude firmly lower amid unease about Opec's price-control abilities
ep buque pesquero europeche

Crude-oil futures are firmly down Monday afternoon with markets increasingly uneasy about cartel Opec's ability to control prices amid a global supply glut and US shale output.

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20 Mar
Chile GDP falls more sharply than expected in Q4 amid investment slump
trabajadores de escondida

Chile's economy fell into a funk at the end of 2016 as investment plummeted, with weakness set to spill over into 2017, although economists sounded a more positive note on the backhalf of this year.

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17 Mar
Commodities: Metals, crude trade sideways with gold facing resistance around $1231/oz
randgold mining miner commodities

Commodities futures traded broadly sideways with mildly positive biases on Friday, as gold struggled to bust through resistance at the $1,231 per ounce level after its Federal Reserve rate hike-inspired dash higher on Thursday.

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17 Mar
Sierra Leone pastor discovers 13th largest diamond ever for Stellar Diamonds
Diamond

Shares rose in Stellar Diamonds on Friday after the miner announced that a church minister had discovered a 709 carat diamond in Sierra Leone, which it claims is the 13th largest ever found.

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17 Mar
Brent futures dip even as Saudi says open to doing whatever it takes
BP, oil & gas

In remarks to Bloomberg TV, saudi energy minister Khalid Al-Falih indicated his country might be open to extending a deal among many of the world's top producers to restrain their combined output past June.

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