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Oil barrels

Rise in global oil production set to outpace demand this year

The International Energy Agency (IEA) has said that a rise in global oil production, led by the US, is likely to outpace growth in demand this year.

Alison Bloomer
Steel production

ArcelorMittal joins bidding for India’s Essar Steel

The world’s largest steel producer has put in an offer for the financially troubled group ahead of today’s bids deadline.

Graham Buck
oil

Oil prices rise after six-session correction

Crude oil prices rose strongly on Monday after a sharp sell-off in the previous week, as investors appeared to seeking bargains at lower price levels

Neil Dennis
Oil fracking

High US oil output hits crude prices

Oil prices have fallen for the sixth consecutive day as high output of US crude threatens a global oil glut.

Richard Reed
refinery

Oil prices hit two-month lows as US ramps up output

Oil prices fell to two-month lows on Friday after data this week indicated US production hit record levels, raising concerns the market will become oversupplied

Neil Dennis

Britain's Forties oil pipeline unexpectedly shut

Britain’s Forties oil pipeline was shut on Wednesday after the unexpected closure of a feed control valve connecting to the Kinneil gas plant, traders said, just over a month after restarting following a major outage.

Alison Bloomer
corn

Archer Daniels Midland reports earnings jump

Grain merchant and processor Archer Daniels Midland reported a jump in fourth-quarter profits on Tuesday, helped by US tax reform.

James Hester
oil

Oil prices hit by falling stocks

Oil prices and industrial metals fell on Tuesday as concerns that an environment of higher inflation and the subsequent central bank response could threaten the economic recovery and therefore demand for industrial commodities

Neil Dennis
gold

Randgold outperforms FTSE after dividend hike

Randgold Resources, the South Africa-based gold miner listed on London's stock exchange, doubled its dividend for 2017 after it reported on Monday its seventh-consecutive year of record gold production

Neil Dennis
oil

Oil gains after Goldman Sachs predicts rise above $80

Crude prices climbed on Friday, with Brent crude hitting $70 a barrel, as the market continued gains from overnight after an optimistic outlook on the oil market by Goldman Sachs

Neil Dennis
refinery

Crude prices rally despite rising US stockpiles

Higher than expected US crude oil inventories had little impact on oil prices on Wednesday as traders took their lead instead from dollar weakness to maintain bullish positions in crude

Neil Dennis
gold

Gold rises as dollar weakness persists

Gold traded higher on Wednesday as the US dollar fell further in the aftermath of President Trump´s first State of the Union speech.

James Hester
oil

Oil prices fall as US inventories increase

Oil prices continued to fall on Thursday after inventory data, published on Wednesday, showed that US stockpiles of crude grew for the first time since November

Neil Dennis
oil

Crude prices fall as dollar rallies and US production rises

Brent crude slipped below $69 a barrel on Tuesday, primarily due to a rally in the US dollar in recent sessions, and expectations of rising production levels in the US

Neil Dennis
coal

Anglo exits South African coal market

UK-listed miner Anglo American has announced the sale of its New Largo thermal coal project, thereby completing its exit from the South African domestic coal market.

James Hester




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