Commodities

Commodities: Energy futures slip at the end of the week
Commodity prices were under pressure at the end of the week amid strong selling in energy and metals futures.

Hunting warns on US shale slowdown
Hunting warned on Tuesday that expectations for annual profit were under threat from a sharpening slowdown in the US onshore oil and gas market as the company approaches its year end.

Anglesey Mining upbeat as loss widens
Anglesey Mining said it remained positive about its prospects as it reported a wider first-half loss after costs increased without it generating any revenue.

Hurricane Energy forecasts full-year turnover of $165m
Hurricane Energy on Friday said that it expects 2019 revenue of around $165m thanks to a "strong" performance from its Lancaster wells.

Centamin appoints Ross Jerrard as interim CEO
Centamin has appointed chief financial officer Ross Jerrard as interim chief executive with immediate effect to replace Andrew Pardey, who has left the company.

Genel and Gulf Keystone face late payments from Kurdistan
Genel Energy and Gulf Keystone shares fell after the oil companies said the Kurdistan government was delaying payments due in late 2019 until January 2020.

Commodities: Oil futures slip as weekly US inventory data reveals unexpected build
Energy prices weakened on Wednesday following the release of a US government report on crude oil inventories showing an unexpected build in stockpiles over the latest reference week.

Saudi Aramco jumps 10%, closes limit-up in stock market debut
Saudi Aramco shares rallied 10% on Wednesday in their debut on Riyadh’s Tadawul stock market giving the group a market value of nearly $1. 9trn.

Sterling slides as poll warns of further UK political turmoil
Sterling came under pressure on Wednesday after a widely-followed opinion poll predicted the Conservatives would win the General Election with a significantly smaller majority than initially expected.

OPEC+ ministers agree to deeper cuts, but only until March
Energy ministers from the Organisation of the Petroleum Exporting Countries and its key allies have agreed on deeper oil output cuts to stem a near-term glut of oil.

OPEC set to meet amid doubts around further production cuts
Delegates from the Organisation of the Petroleum Exporting Countries are meeting in Vienna from Thursday with traders wondering aloud whether the cartel and its allies will approval further oil production cuts.

Russia opens gas pipeline to China
Russia and China have increased their collaboration in the Arctic Circle as Moscow opens a natural gas pipeline in Siberia to Beijing.

Hurricane Energy shares dive after Warwick well test
Shares of Hurricane Energy tumbled on Monday after the oil explorer said that further analysis was required following test work at a new well on the Greater Warwick Area (GWA) site in the North Sea.