Commodities

Brent jumps after DoE reports 12.8m barrel drop in weekly US oil inventories
US crude oil inventories shrank at an accelerated pace last week amid a sharp drop in net imports and higher demand from refineries.

Gold hits six-year high amid escalating geopolitical tensions
Gold prices have hit their highest level in six years, with demand for the safe-haven asset strong as the imposition of US sanctions on Iran heightens geopolitical tensions.

Commodities: Gold futures jump further past $1,400/oz.. mark on COMEX
Gold futures climbed further past the psychological $1,400/oz. mark on COMEX amid ongoing speculation that the US central bank might be nearer to starting to cut interest rates and negative news-flow around the geopolitical tensions in the Persian Gulf.

Trump warns of further 'major' sanctions on Iran
US President Donald Trump said he would impose further sanctions on Iran as soon as Monday, although there may not be much left to target.

Commodities: Crude oil and gold futures in focus
Energy futures continued moving ahead at the end of the week as traders kept an watchful on the news flow coming out of the Persian Gulf and the US dollar continued to see some selling pressure.

Fossil fuels power less than half of UK electricity for the first time
Clean energy sources are set to overtake fossil fuels as the top UK electricity generator this year for the first time since the industrial revolution.

Moody's reduces Fresnillo outlook to 'stable'
Moody's has reduced its outlook on Fresnillo's debt to 'stable' from 'positive' citing negative free cash flow expectations and the company's exposure to Mexico.

US shoots down Iranian claim drone violated its airspace
Iran’s Islamic Revolutionary Guards Corps shot down a US drone on Thursday claiming that it had violated the country’s airspace.

Commodities: Energy futures, copper slip ahead of US Fed
Commodity prices weakened on Wednesday following the release of data showing a larger-than-expected build in weekly US crude oil and product inventories, even as investors waited on the result of the Federal Reserve's policy meeting.

Ormonde Mining's losses widen ahead of 'challenging' year
Ormonde Mining's shares slid on Wednesday after reporting a wider annual loss on the back of a jump in administrative expenses and after notifying that initial ore mined from the Barruecopardo Tungsten Project's northern starter pit has been lower grade than anticipated.

Lekoil swings to profit as Otakikpo ramps up
Lekoil on Wednesday swung to an annual profit as revenue climbed after production at the Nigerian Otakikpo oil field ramped up.

Commodities: Dovish ECB triggers rebound in oil, base metals left out
Very 'dovish' remarks from European Central Bank chief Mario Draghi pushed energy futures higher, but a stronger Greenback dulled traders' appetite for base metals, according to traders.

Commodities: Energy futures slip as OPEC+ fails to agree on date for next summit
Energy futures slipped on Monday following the release of unexpectedly weak readings on the Empire State manufacturing sector index and for the NAHB housing market index in the States, and as ministers from the Organisation of Petroleum Exporting Countries continued to try and agree on a date for their next meeting, possibly in early July.

Union Jack Oil soars after 'potentially transformational' well result
Union Jack Oil's shares leapt on Monday after reporting a "potentially transformational" result at its West Newton appraisal well, where the company confirmed a substantial hydrocarbon accumulation.

Petro Matad's loss almost doubles on higher exploration costs
Mongolia-focused oil explorer Petro Matad on Monday reported that its annual loss almost doubled, though the drilling of two exploration wells was completed on schedule and within budget.

Brent crude oil futures jump on reports of tanker on fire in Sea of Oman
Crude oil futures jumped on the back of reports that two oil tankers off the coast of Fujairah, in the Sea of Oman, were on fire.

Commodities: WTI, copper slip amid trade tensions and rising US dollar
Energy futures slid on Wednesday amid the ongoing trade stand-off between the US and China and against the backdrop of a strengthening US dollar.

WTI drop as DoE reports unexpected rise in oil stockpiles
Commercial crude oil stockpiles in the US rose unexpectedly during the prior week, government data revealed despite a decline in net imports and domestic output.

W Resources unearths contractor for Spanish tungsten project
W Resources on Friday signed a mining contract with General de Maquinaria y Excavación (GME) for its La Parrilla tungsten and tin project in Spain.

'Encouraging' exploration results at Rio Tinto's copper gold discovery
Rio Tinto said on Thursday that a new set of results from the copper-gold discovery in the Paterson province, Western Australia, are "encouraging".