Commodity prices rebounded at the end of the week, as the US dollar slipped following the release of a weaker-than-expected reading on US non-farm payrolls for the month of November and after the Organisation of Petroleum Exporting Countries and its allies announced that they had decided to cut their supplies.
Sound Energy dropped on Friday after it expressed little optimism as it commenced the drilling of the TE-10 well at its Tendrara project in eastern Morocco.
Energy futures dragged on the entire complex after the Organisation of Petroleum Exporting Countries's ministerial meeting adjourned without a formal announcement to cut its combined output, pending a decision by Moscow.
Strategic Minerals’ shares surged on Thursday after intersecting “significant” copper mineralisation at its Leigh Creek Copper Mine (LCCM) project in South Australia.
Oil prices slipped on Thursday as comments emerged from the fringes of the meeting of Opec oil-producing nations in Vienna on Thursday.
The energy space was in focus on Wednesday, ahead of the ministerial meeting of Organisation of Petroleum Exporting Countries and its allies scheduled for the following session.
Eco Atlantic Oil & Gas confirmed on Wednesday that it will drill its first Guyanese exploration well at the Jethro-Lobe offshore prospect as part of its 2019 programme.
Opec is expected to cut production by more than 1m barrels per day when it meets in Vienna on Thursday, providing some respite for under-pressure oil prices.
Commodity futures were higher on Tuesday, helped by gains for natural gas, precious metals and select agricultural contracts, but oil gave up earlier gains.
Palladium prices are hitting record highs and could reach parity with gold, in a market considered to be in an annual supply/demand deficit, according to analysts.
The French Prime Minister Edouard Philippe announced on Tuesday that a proposed fuel tax hike would be suspended after fierce protests around the country against the government's economic reforms.
Qatar plans to pull out of the Organization of the Petroleum Exporting Countries (OPEC) in January, the country's energy minister warned on Monday.
Royal Dutch Shell plans to set short-term climate targets as part of a long-term ambition to reduce the net carbon footprint of its energy products.
Governments from around the world will discuss tangible ways of tackling C02 emissions and avoid catastrophic global warming at the UN climate change summit beginning on Monday.
Altona Energy’s shares dropped on Thursday after activities were temporarily halted at a project in Australia and the company’s chairman was replaced.
Arc Minerals confirmed on Wednesday that it has intersected "significant" copper mineralisation at the Kalaba Cobalt-Copper project in the Zambia copper belt.
US crude oil stockpiles jumped last week, easily surpassing analysts' forecasts.
Russian President Vladimir Putin called on the US to abandon its policy of unilateral sanctions and to instead seek common ground.
Cluff Natural Resources (CLNR) jumped on Wednesday after it signed an exclusivity agreement with a major international oil and gas company for a definitive farm-out agreement.
Jadestone Energy swung to a pretax profit during the third quarter after the oil and gas developer's revenue leapt.