Market Pulse - Commodities
15 Nov
ep bitcoin 20181108161201
Cryptocurrencies drop 12% to hit a one-year low

Cryptocurrencies were adding to their Wednesday plunge with the best-known of them, Bitcoin, down 12. 61% to $5,428.

14 Nov
china estados unidos eeuu guerra
US should hike foreign investment to curb China influence, says Congress report

A report from a US congressional commission recommends that Washington fund infrastructure in developing nations in order to counter Chinese financing deals.

14 Nov
petroleo1
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.

13 Nov
oil rig workers drilling offshore
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.

13 Nov
petrole-lukoil-russie-barils-or-noir-siberie-kogalym
Russian GDP slows more-than-expected in Q3, but economists expect pick-up

Economic growth in Russia slowed over the three months to September, although some economists expected the pace of expansion to pick-up over the following year.

13 Nov
larrykudlow6802
US and China speaking 'at all levels' ahead of G20 meet, says Kudlow

President Trump has initiated direct contact with Chinese President Xi Jinping ahead of the leaders’ meeting at the G20 in Argentina at the end of the month, White House economic adviser Larry Kudlow told CNBC on Tuesday.

13 Nov
Morgan Stanley, Morgan, Stanley, bancos, estados Unidos
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.

13 Nov
Iran Tehran Market Bazaar
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.

13 Nov
barkindo
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.

13 Nov
chinacomercio
Beijing pursues South China Sea agreement to improve trade relations

Chinese Premier Li Keqiang made a commitment on Tuesday to pursue a code of conduct in the territorially disputed South China Sea with its neighbours, after recent tensions with US Navy vessels in the region.

13 Nov
Russia
FX round-up: Sterling and euro battered, rouble gets unexpected boost

Sterling reeled against the Greenback at the start of the week as the US dollar spot index jumped to its loftiest level since May 2017.

12 Nov
Russia
FX round-up: Sterling and euro battered, rouble gets unexpected boost

Sterling reeled against the Greenback at the start of the week as the US dollar spot index jumped to its loftiest level since May 2017.

12 Nov
petroleo1
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.

12 Nov
khalid-al-falih
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.

09 Nov
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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.

09 Nov
oromineras
RBC upgrades Hochschild to 'outperform' as Inmaculada concerns subside

Analysts at RBC Capital Markets upgraded silver and gold miner Hochschild Mining to 'outperform' on Friday, noting that it was now "more positive" on the potential lifespan of its Inmaculada asset following the group's Capital Markets Day on Wednesday.

09 Nov
chine-la-guerre-commerciale-une-occasion-d-acheter-ailleurs
China factory gate prices slip in October despite weak yuan

Consumer and factory gate prices in the People's Republic of China remained elevated last month, despite the recent weakening in the yuan and import tariffs, a trend that economists expected would continue.

09 Nov
Nighthawk Energy nodding donkey, oil & gas
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.

08 Nov
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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.

08 Nov
Russia
CBR head of research says September hike was a 'one-off'

The Russian central bank's September interest rate hike was a 'one-off', one of its top officials reportedly said.