Commodities
Campaigners protest against World Bank's $55m pledge to fossil fuel industry
The World Bank has been criticised for investing $55m in a fossil fuel project that involves oil extraction in Guyana after pledging to stop direct funding of the contaminating industry.
Drax to end commercial coal generation in 2021
Drax will end commercial coal generation in 2021 with the loss of up to 230 jobs, the power generation company said.
Hunting to purchase $8m of shares in first buyback
Hunting launched its first share buyback as the energy services group reported a decline in annual profit caused by a slowdown in the US shale gas industry.
Odey increases its stake in Sirius Minerals
Odey Asset Management has increased its stake in Sirius Minerals as the hedge fund prepares to vote against Anglo American's £405m rescue bid for the potash miner.
Firestone to scrap AIM listing to save on costs
Firestone Diamonds plans to cancel its listing on AIM to cut costs and ease pressure on its finances caused by falling diamond prices.
Equity and crude oil futures slump as virus cases rise in South Korea and Italy
Equity and oil futures are pointing to a lower start to trading this week on the back of rising numbers of coronavirus cases in South Korea, Italy and Iran.
Odey steps up push for improved Sirius offer
Odey Asset Management has reinforced its push for Anglo American to bid more for Sirius Minerals by converting its derivative position in Sirius into shares.
Global demand for LNG hit 359m tonnes in 2019 - Shell
Global demand for liquefied natural gas (LNG) grew by 12. 5% to 359 million tonnes in 2019, according to Shell’s latest annual LNG Outlook published on Wednesday.
Odey criticises Anglo American's offer for Sirius
Odey Asset Management has criticised Anglo American's rescue offer for Sirius Minerals, accusing the FTSE 100 miner of trying to pick up the company for less than its value.
Ascent Resources replaces chairman amid financial overhaul
Ascent Resources shares fell by more than a third after the oil and gas company replaced its chairman and announced a radical financial restructuring to allow an £800,000 fundraising.
Commodities: Crude oil futures rise as coronavirus fears ebb
Energy quotes jumped back in the middle of the week amid increased optimism that contagion from the Chinese coronavirus might be slowing.
BP sets net zero targets for 2050 and plans reorganization to deliver
BP set a new ambition on Wednesday, to become a net zero company by 2050 or sooner and is planning a restructuring to deliver on that commitment and become a more focused and integrated company.
Commodities: Brent hovering above 52-week lows despite slowdown in coronavirus cases
Commodity prices were buoyed on Tuesday by data that appeared to show a slowing rate of new coronavirus infections in China and globally.
Commodities: Energy futures hit the skids again as coronavirus cases climb
Energy futures were again on the backfoot as the number of Chinese coronavirus cases continued to mount and the head of the world´s health watchdog warned of outbreaks outside of China.
Commodities: Base metals hit by virus worries, US weighs sanctions on Rosneft
Base metals were the weakest chain in the link in the commodity space as investors took stock of a raft of corporate warnings about the impact of the Wuhan virus on their operations.
Greatland reports potential gold system at Derby North
Greatland Gold said it had found the potential for a major gold mineralised system at its Derby North mine in Australia.
Glencore copper production falls after DRC shutdown
Glencore reported a 6% fall in copper production for 2019 after the miner and commodities trader shut down its mine in the Democratic Republic of Congo.