Commodities

Altona Energy lays out objectives for upcoming drilling programme
Mining and exploration company Altona Energy on Friday provided further details of its planned initial drilling programme at the Westfield tenement in South Australia.

Commodities: Brent tops $80 per barrel for the first time since 2014
Moves in the commodities space were muted on Thursday, despite the news headlines around oil after Brent crude futures topped the $80 per barrel mark for the first time since 2014.

Red Emperor's shares suffer as joint-venture agreement reworked
Red Emperor Resources announced on Thursday that it has entered into an amended heads of agreement with Oil Ventures Pty Limited for the acquisition of several strategic leases in California.

Oil reaches $80 mark for the first time since 2014
A warning from the head of France's Total that it will stop development of a key Iranian gas field has pushed oil prices back above $80 a barrel for the first time since 2014.

Eland Oil & Gas drafts in rig for Ubima well
Resource production and development firm Eland Oil & Gas announced on Thursday that it has signed a rig contract with KCA Deutag for the T-57 land rig to workover the Ubima-1 well in Nigeria.

Avesoro Resources 'pleased' with assay result from Liberia drilling programme
Gold production, development and exploration firm Avesoro Resources announced reported on Thursday on the final assay results from its 55 hole New Liberty infill drilling programme in Liberia.

Beowulf Mining to enhance operations with £1.5m from placing
Beowulf Mining announced on Wednesday that it will seek to raise £1. 5m for its graphite exploration efforts through the placement of 30m new shares at five pence per share.

US oil inventories slip as exports jump, DoE says
Inventories of crude oil and its derivative products in the States were lower across the board last week amid rising exports.

Asiamet's BKZ delivers maiden resource estimate
Copper and gold exploration and development firm Asiamet Resources has reacted positively to an initial resource estimate for the BKZ polymetallic deposit in at the KSK project in Kalimantan, Indonesia.

Commodities: Dollar strength and weak Chinese data weigh on gold, cocoa (not oil)
Commodities were broadly lower on Tuesday, but not by much, despite a sharp move higher in the value of the US dollar that took it to its best level in six months.

KEFI Minerals pleased with 'smooth transition' of Ethiopian government
KEFI Minerals on Tuesday welcomed the appointment of new state ministers in Ethiopia and stated it is in communication with the nation’s government regarding the Tulu Kapi Gold Project.

Nostra Terra shares slump after Texas well forced to shut down
Oil and gas firm Nostra Terra saw its shares dip on Monday after the company reported that operations have shut down at its C8 well in the Permian Basin, Texas.

OPEC forecasts new supplies will outpace demand growth in 2018
The Organisation for Petroleum Exporting Countries nudged higher its forecast for growth in crude supplies from outside the cartel this year, predicting it would outpace the expected increase in demand.

Firestone Diamonds promotes mine manager to CEO
Lesotho-focussed diamond producer Firestone Diamonds has promoted Paul Bosma to the role of chief executive, effective from 1 July.

Commodities: Prices near multi-year highs amid dip in US dollar
Losses in agricultural commodities and some energy contracts were the weakest segments of the market on Thursday as they gave back ground despite the weaker US dollar.

Stratex International's shares falter as subsidiary sees Ethiopian licences cancelled
Stratex International saw its shares plummet on Thursday after it announced that its 30. 4% owned subsidiary Thani Stratex Limited (TSR) has failed to renew two licences in Ethiopia.

Europeans stand by Iran nuclear deal after US pullout, Peugeot stalls
Germany, France, China and Russia declared their committed to the Iran nuclear deal on Wednesday after the US decided to withdraw support overnight, while shares in companies such as Airbus and Peugeot fell on worries about whether business could be effected.

Echo Energy kicks off four well campaign in Argentina
Upstream oil and gas firm Echo Energy announced on Wednesday that it has begun drilling the first exploration well of a back-to-back four well drilling campaign in Argentina.

Commodities: US pulls out of Iran nuclear deal
US President Donald Trump has announced he is pulling his country from the so-called Iran nuclear deal.

Commodities: Energy futures drop ahead of White House announcement on Iran
Commodities were on the back foot on Tuesday as the Greenback climbed higher and traders took profits after a recent run-up in crude futures ahead of the White House's decision on the Iran nuclear deal due later in the session.