Commodities

Oil trims losses amid mixed reports on White House's Iran intentions
Crude oil futures slumped, but then reversed course, amid conflicting reports about whether the US would pull out from the multilateral deal on Iran's nuclear programme.

Providence selects contractor for seismic data programme at offshore prospect
Providence Resources announced on Tuesday that, along with its exploration partner at the Newgrange prospect, it has hired Gardline to carry out a new 2D seismic data gathering programme.

Capital Economics expects higher metals output and Fed hiking to weigh on silver
Given that most silver is a by-product of mining for copper, gold, zinc and lead, analysts at Capital Economics believe that higher prices for industrial metals will see silver output bounce back by 3% in 2018 after a fall of 4% in 2017.

SDX Energy shares jump after Moroccan gas discovery
Oil and gas developer SDX Energy has made a conventional natural gas discovery in Morocco and spudded a new exploration well in Egypt.

Beowulf Mining confirms higher grade mineralisation at Finnish project
Mineral exploration and development firm Beowulf Mining announced on Friday that drilling has confirmed higher-grade mineralisation at its Aitolampi graphite project in Finland.

Commodities: Agricultural futures strongest, gold higher as dollar dips
Agriculture was again the strongest segment of the market on Thursday, against a backdrop of slight US dollar weakness.

Anglo African needs funding for Tilapia drilling operations
Anglo African Oil & Gas saw its shares dip on Thursday after confirming that it requires further funding to cover the costs of planned works on its wells in the Republic of Congo.

Nostra Terra hits ignition on back-to-back drilling at Permian Basin
Oil and gas exploration and production firm Nostra Terra on Thursday announced the commencement of drilling for its second well at the Permian Basin in Texas.

Erris Resources lands licence around historic Swedish gold mine
Mineral exploration firm Erris Resources announced on Thursday that it has been granted full ownership of an exploration permit for the Enåsen Project in central Sweden.

Savannah Petroleum secures extension to agreement with Niger government
British independent oil and gas firm Savannah Petroleum has received a one-year extension to its R1/R2 production sharing contract (PSC) with the government of Niger, the company announced on Thursday.

Centamin more than doubles profit in first quarter
Centamin’s profit more than doubled in the first quarter as the gold miner increased production and the price of gold rose.

WTI futures dip after DoE reports oil inventory jump for latest week
Crude oil stockpiles in the US rocketed last week, on the back of higher net imports and continued growth in domestic output.

Bluejay Mining's Disko project now as large as Luxembourg
Greenland-focused explorer Bluejay Mining has almost doubled the size its land package at its Disko-Nuussuaq project in the south west of the country, boosting it to 2,586 square kilometres.

Solo Oil appoints experienced petroleum economist as non-executive director
Natural resource investment company Solo Oil on Wednesday announced the appointment of Jon Fitzpatrick as a non-executive director of the company.

Jubilee Metals and BMR Group club together for Zambia project
Jubilee Metals Group announced on Wednesday that it has agreed to a shareholders’ agreement and an operating agreement with BMR Group concerning the Kabwe surface project in Zambia.

Commodities: Strong US dollar weighs on WTI and metals, but wheat and cocoa strong
Commodities were lower across the board on Tuesday, as traders bid the US dollar higher ahead of the Federal Reserve's policy announcement due the next day, amid a cacophony of headlines related to the ongoing trade disputes around the world.

W Resources steps up drilling at Portuguese gold project
Exploration and development company W Resources has begun a reverse circulation (RC) drilling campaign at the São Martinho gold project in Portugal.

BP first-quarter profit beats forecasts as production and oil price rise
BP posted a forecast-busting surge in profit for the first three months of 2018 after the oil company’s upstream business had its strongest quarter for more than three years.