Commodities
Conroy Gold's aims for mine development as loss deepens
Conroy Gold reported “excellent” drilling results on Wednesday though the gold miner’s loss deepened as it moves towards building a mine at its Clontibret project in County Monaghan, Ireland.
Touchstone Exploration swings to profit after production jumps
Touchstone Exploration reported on Wednesday that it swung to a profit in the third quarter as the Trinidadfocused oil and gas company benefitted from increased production and rising oil prices.
Faroe Petroleum drops on disappointing North Sea well
Faroe Petroleum’s shares dropped on Wednesday after its 40%-owned Rungne exploration well in the Norwegian North Sea came up with noncommercial levels of hydrocarbons.
Commodities: Crude oil futures pumeled on both sides of the Atlantic
Crude oil futures crumbled amid what appeared to be the forced liquidation of 'long' positions as losses snowballed across most of the energy complex.
Saudi makes case for 1.0m b/d cut in crude oil output
Riyadh and its allies should cut their combined output of crude oil in order to balance the market, Saudi Arabia believes, but it remains to be seen if other producers will participate in any reductions.
Morgan Stanley downgrades European O&G, stays 'overweight' BP
Analysts at Morgan Stanley on Tuesday downgraded their recommendation on the European Oil & Gas sector, arguing that the favourable tailwinds which had helped compress its relative dividend yield back to its historical norms had now largely passed.
Brent crude oil futures walloped as speculators pile-in
Oil prices are getting walloped as speculative accounts continue to pile-up in the complex, according to analysts.
Opec trims forecasts as global economy weakens and supply surges
Opec has trimmed demand forecasts for its crude in 2019, leading to speculation that the oil cartel will cut production when it meets next month.
Ascent applauds change of Slovenian environmental regime
Ascent Resources welcomed the resignation of the general director of the Slovenian environmental agency ARSO on Tuesday after a government investigation.
Eland joint venture lands licence renewal in Nigeria
Eland Oil & Gas on Monday confirmed that the Nigerian minister of petroleum resources has agreed to joint-venture Elcrest’s renewal of its equity participation in Oil Mining Lease 40 for a further 20 years.
Oil rallies as Saudi Arabia plans output cut
Saudi Arabia has decided rein back its production of crude oil next month, which has lifted oil prices out of their bear-market slump.
Commodities: Oil futures weaker going into OPEC meeting, natural gas jumps
Commodity prices were lower across the board at the end of the week, except for natural gas, weighed down by concerns around the Chinese economy and with another move higher in the US dollar further dampening sentiment.
Crude oil fall enters bear market territory
Oil prices slid into bear market territory on Friday, with crude dropping below $70 per barrel for the first time in seven months.
Commodities: Brent futures pace losses as US dollar climbs
Commodities weakened further on Thursday with losses in Brent crude oil futures pacing losses as the Greenback gained altitude.
Commodities: DoE data weighs on energy futures
An unexpectedly large build in US oil stockpiles pressured energy futures lower, dragging on a widely-followed gauge for the entire commodities complex.
Russia and Saudi discuss cutting oil output in 2019
Russia and Saudi Arabia are discussing reducing their levels of oil output.
GCM Resources buoyed by study results at Bangladesh project
GCM Resources’ shares were boosted on Tuesday after a prefeasibility study confirmed 6,000 megawatts can be generated at its planned mine-mouth coal-fired power plants in Bangladesh.
Commodities: Natural gas futures surge ahead of cold snap
Commodity prices advanced at the start of the week, with natural gas prices in the States pacing on the back of what analysts said was a lack of inventories ahead of the arrival of a 'cold snap'.
Oil prices little moved as US sanctions on Iran come into force
Oil prices flatted out on Monday as US economic sanctions against Iran were reinstated but with eight countries given exemptions.
US to reimpose sanctions on Iran, eight countries exempted
The US administration will reimpose the sanctions on Iran which had been lifted in the wake of the 2015 nuclear deal starting from Monday.