MARKET PULSE - COMMODITIES
27 Apr
Commodities: Crude futures slump on reports of two Libya oilfields resuming output
rosneft, oil, gas, pipeline

Crude-oil futures slumped more than 2% on Thursday afternoon as a report said two key oilfields in Libya have resumed pumping against a backdrop of rising US shale output and the now chronic global glut.

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27 Apr
Sector movers: Oil majors act as drag on market as Brent futures slip
total

Oil stocks and Cyclicals weighed on the market as news flowed in that Libya's main oilfield, Sharara, with a production capacity of 300,000 barrels a day, had come back online after an armed group that was protesting by blocking its pipelines stopped doing so.

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27 Apr
Brent futures drop after as Libya's Sharara oilfield comes back online
BP, oil, gas

Crude oil futures dropped following a report that a key oilfield in Libya had restarted production.

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26 Apr
Commodities: Crude bounces off lows as EIA data shows fall in US inventories
Oil & gas plant

Crude futures bounced off earlier lows on Wednesday afternoon as US Energy Information Administration (EIA) data showed a surprise fall in inventories last week.

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26 Apr
WTI futures spike higher following DoE inventory data
BP, oil, gas

US crude oil inventories fell sharply last week despite rising imports as product stockpiles continued to build.

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26 Apr
Canaccord highlights potential in Rockhopper and Eland Oil&Gas
BP, oil, gas

Analysts at Canaccord Genuity highlighted the favourable prospects for junior oil explorers Rockhopper and Eland Oil&Gas.

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25 Apr
Commodities: Crude futures tend lower ahead of much-watched API data
barrel

Crude-oil futures were tending lower ahead of industry stores data from American Petroleum Institute later on Tuesday.

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25 Apr
JP Morgan upgrades Weir Group to Outperform
Weir Group, oil & gas services

JP Morgan revised its target price on shares of oil equipment manufacturer Weir Group, judging that it had been too cautious regarding the firm's near-term pricing power.

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24 Apr
Commodities: Gold markedly lower on Macron's first-round win in France presidential vote
emmanuel-macron-tente-de-seduire-les-artisans

The price of gold was markedly lower on Monday afternoon as investors reacted with ecstasy to centrist and pro-EU candidate Emmanuel Macron winning the first round of France's presidential election.

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24 Apr
Shell inks deal to help finance Nordstream 2 pipeline
Royal Dutch Shell, oil & gas, petrol

Five European energy outfits, incluging Royal Dutch Shell, agreed to provide Nordstream 2 AG up to €950. 0m of funds to help build the new pipeline linking Russia's natural gas reserves directly with European consumers, roughly doubling the existing capacity of Nordstream 1.

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24 Apr
Goldman Sachs sees upside risks to production at Centamin
centamin

Analysts at Goldman Sachs told clients Centamin was their top-pick in the precious metals space as its open pit grade begins to ramp up in the second quarter of 2017 - with posible upside to production targets - and ahead of the likely return to investors of most of its cash.

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21 Apr
Commodities: Oil breaks three-week streak of gains, gold holds its ground
BP, oil, gas

Crude oil futures were in a funk again heading into the weekend, amid 'market chatter' around declining demand and concerns that Russia might yet scupper a deal by the world's largest oil producers to continue reining in their production.

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21 Apr
Analysts differ on forecasts for China's FX reserves
cbchina81

Capital outflows from China slowed significantly over the past two months, Capital Economics estimated, telling clients that the country's fight against them might be nearly over, but Oxford Economics disagreed.

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21 Apr
Strategic Minerals enters cash generative phase, shares jump
strategic minerals

Shares in Strategic Minerals leaped higher after the company said it had entered a cash generative phase and was considering new projects.

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21 Apr
Barclays believes worst of iron ore price slide over, positive on mining
Iron ore mining

Analysts at Barclays sounded a positive note on the EU mining sector, flagging the potential for large cash returns from Glencore, S32 and Rio Tinto over the medium-term.

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20 Apr
Shell dividend to come back into focus in 2017, Cannacord says
Royal Dutch Shell, oil & gas, petrol

Cannacord Genuity sounded a cautious note on shares of Royal Dutch Shell's B shares pointing out the company's lack of free cash flow and mounting debt pile given its current dividend payouts, telling clients it preferred BP instead.

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20 Apr
Sector movers: Oil service stocks, General retailers lead falls
BP, oil, gas

Oil service stocks accounted for most of the selling pressure on the FTSE 350 on Thursday as investors booked some profits on the group following recent losses in crude futures.

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19 Apr
WTI futures sent reeling by smaller than expected decline in oil stocks
BP service station in Tennessee, US; oil & gas; petrol

US gasoline inventories rose unexpectedly last week as refineries continued to ramp-up, but the resulting drawdown in oil stockpiles was also less than anticipated.

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19 Apr
Commodities: Selling abates in iron ore futures, gold lower
Iron ore, mining, BHP Billiton

A rebound in prices for some industrial metals, in the energy space and for soft commodities helped buoy the wider complex on Wednesday.

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19 Apr
US WTI futures edge higher despite rise in gasoline stocks
BP, oil, gas

US crude oil futures edged higher as traders waited for the release of the latest official US weekly inventory data, while digesting figures from the day before showing a smaller than expected fall in stockpiles.

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