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Lundin Petroleum, Tullow Oil's partner on the Carlsberg prospect in the Norwegian North Sea, said Thursday that it has plugged and abandoned the wildcat well 7/4-3 after no hydrocarbons were encountered.2 days ago
Dual listed independent oil and gas exploration group Tullow Oil has reported "continued strong production" from the Jubilee Field and production "in line with expectations" at its other assets across the West and North of Africa.2 weeks ago
Afren: Deutsche Bank lowers target price from 165p to 150p, while leaving its buy recommendation unchanged.3 weeks ago
Strong gains for BP, Whitbread and financials stocks ensured that the FTSE 100 was firmly in positive territory on Tuesday morning as traders showed optimism ahead of central-bank meetings later this week.4 weeks ago
The production of oil at FTSE 100-listed Tullow Oil's Ngamia-1 well in Kenya has been described as 'very encouraging' with the first of six well tests flowing at 281 barrels of oil per day (bopd).4 weeks ago
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Earlier this week we heard from the Reserve Bank of Australia and the minutes of their meeting, which generally confirmed what most had suspected: that the strength of AUD was a pivotal factor in what was an otherwise close decision to cut interest rates.
The all-important policy guidance at the end of the minutes reveals that the RBA opted to use “some” (the “some” comment is a repeat from a couple of weeks ago) of the scope afforded by the low first quarter inflation figures and outlook, to lower the cash rate.
The latest Japanese GDP reading highlights the success that the new massive stimulus programme being carried out in Japan has had in revitalising that stricken economy. Today’s drop in UK inflation suggests that the new Bank of England governor may be wise to suggest a similar policy for the UK.
The markets seem to be extending their highs in recent days with no concern about the continuing threat of war in the Middle East.
This morning, news that Israeli and Syrian forces have exchanged fire across the ceasefire line in the occupied Golan Heights was largely ignored by the financial markets.
This morning silver fell to levels not seen since September 2010 as commodity prices slumped overnight in Asia and this extended in early London trading. Although here is plenty of physical buying from China, India and the Middle East – there is heavy computer ETF selling.
A strong dollar and outperforming equity markets have shifted investor’s attention to more risky assets with silver suffering.
Daily global markets overview with the overnight activity and what can be expected in the markets today. Information straight from the traders’ desks. Insights on commodities, equities, stocks and forex currencies.