Commodities

Framework agreement signed during state visit to UK In an expansion of their ongoing global partnership, BP and China National Petroleum Corporation (CNPC) today entered into a framework agreement on strategic cooperation covering potential shale gas exploration and production in the Sichuan Basin and future fuel retailing ventures in China and other international partnerships. “The […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair traded in a tight range from Monday to Wednesday and then broke out southwards on Thursday. The southward break was strong enough to cause a new bearish outlook on EURUSD (plus most other EUR pairs), which would continue for the rest of […]

INSIGHTS INTO THE MINDSET OF SUPER TRADERS – Part 15 “If you like reading biographies on successful people like I do, you’ll notice that they all share one driving force. That force drove each of them forward to overcome the obstacles that threatened to stop them in their tracks.” – Louise Bedford Name: Whitney Tilson […]

Update on Wressle Discovery, Onshore UK Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas company with producing and exploration assets in Europe, has issued an update from Egdon Resources regarding the decision to proceed with the development of the Wressle oil and gas discovery on Licence PEDL180, with first oil anticipated […]

Oil and gas CEOs jointly declare action on climate change The chief executive officers of 10 of the world’s largest oil and gas companies – which together provide almost a fifth of all oil and gas production and supply nearly 10% of the world’s energy – today declared their collective support for an effective climate […]

Kernel Crushing Plant Wet Testing and Pilot Production Underway DekelOil Public Limited, operator and 51% owner of the vertically integrated Ayenouan palm oil project in Côte d’Ivoire, has announced that the Kernel Crushing Plant at the project is in the wet testing phase and pilot production has commenced. The KCP has been built in line […]

Positive Update Offshore Nigeria MX Oil plc, the AIM quoted oil and gas investment company, has noted the announcements by Jacka Resources Limited and Panoro Energy ASA on 16 October 2015 in relation to the Aje-5 well. The Aje-5 production well located on the OML 113 licence, offshore Nigeria, has been successfully completed and the […]

Director Appointment African Potash, the AIM listed exploration company focused on sub-Saharan potash assets and the vertical integration of fertiliser operations in Africa, has appointed Mr Elias Pungong to the Board as a non-executive Director. Mr Pungong will support the Company in its growth strategy as it looks to realise value from its Lac Dinga […]

Contract to Develop 10,000 hectares of Brownfield Land in Ghana DekelOil Public Limited, operator and 51% owner of the vertically integrated Ayenouan palm oil project in Côte d’Ivoire, has announced that it has entered into a contract to develop 10,000 hectares of brownfield land in West Ghana. Overview · Expands DekelOil’s potential portfolio of company-owned […]

Global equity markets were almost weaker universally on Wednesday with Europe, Asia and the US all closing around 1% lower. The standout event was the US dollar losing ground sharply against all the major currencies as weaker US retail sales and a decline in producer prices were reported. Precious metal prices jumped by around 1% […]