Commodities

Trump offers to meet Iran president Rouhani
US President Donald Trump has offered to meet Iran leader President Hassan Rouhani to discuss the tariffs imposed by America on the country and its nuclear activities.

BP profit surges on oil price recovery
BP reported second-quarter profit four times higher than a year earlier, boosted by higher oil prices, as the oil company increased its dividend for the first time since 2014.

Commodities: Geopolitical tensions push crude futures higher
Crude oil futures moved higher at the start of the week on the back of US dollar weakness and ongoing market chatter regarding the possible extent and impact that American sanctions on Iran might have.

Mosman scores 83% increase in production at Welch project
Oil exploration, development and production company Mosman Oil & Gas saw its shares rocket on Monday after production increased significantly at the Welch project in West Texas.

Energy supplier Iresa collapses leaving 100,000 customers in limbo
The UK’s cheapest and smallest energy supplier Iresa has collapsed and left almost 100,000 energy customers in limbo that has prompted calls for tests on new entrants to the market.

i3 Energy edges closer to North Sea farm-in deal
Independent oil and gas company i3 Energy on Friday reported “significant progress” in its proposed joint venture farm-in deal for the Liberator and Liberator West blocks in the UK North Sea.

Tlou Energy selected to re-tender for Botswana power contract
Tlou Energy on Friday told investors that it is one of two companies invited to re-tender for up to 100 megawatts coal-bed-methane fueled power projects in Botswana by the country’s government.

Sterling Energy reduces loss after Chinguetti project exit
Sterling Energy reported a narrowed first half losses but saw revenues take a hit from the divestment of the loss-making Chinguetti project in Mauritania.

No-deal Brexit could raise prices of fruit, veg, says ex-trade minister
Supermarkets would be unable to stockpile fresh food including vegetables, fruit, meat and dairy in the case of a no-deal Brexit, a former Waitrose managing director said on Thursday.

Ncondezi Energy shares sink as Mozambique coal project delayed
Shares in Ncondezi Energy plummeted on Thursday after the company delayed completion of a joint development agreement (JDA) for its project in Mozambique.

Shell launches $25bn buyback as profit misses estimates
Royal Dutch Shell launched a $25bn (£19bn) share buyback as the oil producer posted a 30% increase in second-quarter profit that fell short of expectations.

Trump to announce $12bn aid plan for US farmers
The Trump administration is planning on rolling out $12bn of aid to US farmers that have been hurt as a result of the escalating trade war between the US and its major trading partners.

Government gives green light for fracking at Lancashire shale gas site
Despite protests by environmentalists and residents, Cuadrilla on Tuesday became the first operator in Britain to receive final government consent to frack an onshore horizontal exploration well.

Commodities: WTI pulls back after early gains, gold continues to slide
Commodities edged higher on Monday against the backdrop of a dip in the US dollar, even after crude oil futures surrendered early gains on the back of continued verbal sparring between Tehran and Washington at the weekend.

Amur Minerals' shares boosted following shipping collaboration with GEFCO
Nickel-copper sulphide mineral exploration and resource development firm Amur Minerals saw its shares jump on Monday after it entered into a memorandum of collaboration with GEFCO LLC.

Halliburton stock in red as it posts second-quarter numbers
Shares in US oilfield services giant Halliburton fell in early trading, despite second-quarter revenues narrowly beating market expectations.

Shell enters Mauritanian offshore with production sharing contracts
Shell on Monday signed two production-sharing contracts with the government of Mauritania for the exploration and potential future production of hydrocarbons in two offshore blocks.

Petra trims guidance after 'stable' year for diamond market
Petra Diamonds said the diamond market was stable in the year just ended as the miner trimmed its guidance for the year ahead.

BHP to defend investor class action over Samarco disaster
BHP Billiton said it would defend a class action brought by investors over the Samarco dam disaster of 2015 that killed 19 people and devastated communities.

Mosman Oil & Gas starts Stanley project drilling
Oil exploration, development and production firm Mosman Oil & Gas on Friday provided an update on its Stanley onshore drilling project in Texas, which started on Thursday.