-- Data from the American Petroleum Institute revealed Tuesday that US crude oil inventories declined by 1.79 million barrels in the week ended April 24, following a 4.40-mmbbl draw the previous week, and compared with analysts' estimate of a 300,000-bbl decline, according to a Bloomberg-compiled survey.
The oil market now awaits the US Energy Information Administration's petroleum inventory report, scheduled for release on Wednesday.
Westgold Resources (ASX:WGX) reported group gold production of 93,145 ounces of gold and sold 69,900 ounces of gold in the fiscal third quarter ended March 31, according to a Wednesday Australian bourse filing.The company produced 80,107 ounces of gold and sold 78,398 ounces of gold for the quarter ended March 31, 2025, an earlier filing showed.Group all-in sustaining cost (AISC) for the quarter was AU$3,338 per ounce, compared with AU$2,829 per ounce a year earlier.The company reaffirmed its fiscal 2026 guidance in the range of 345,000 to 385,000 ounces of gold at an AISC of AU$2,600 to AU$2,900 per ounce.
St Barbara (ASX:SBM) said gold sales for the third quarter of fiscal 2026 totaled 11,974 ounces at an average realized price of AU$6,892 per ounce, according to a Wednesday Australian bourse filing.The company's gold sales for the third quarter of fiscal 2025 totaled 11,643 ounces at an average realized price of AU$4,548 per ounce, an earlier filing showed.The company said it held cash and bullion of AU$504 million as of April 2, excluding its attributable share of cash and bullion held by the jointly owned Simberi entities, the filing added.St Barbara said it is fully funded to meet upcoming capital requirements for the Touquoy restart, the expansion of the New Simberi Gold Project, and the development of the 15-Mile Processing Hub using cash on hand and forecast operating cash flow.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:BXP reported Q1 revenue of $872M, up 0.8% Y/Y and $18M ahead of consensus expectations, though declining 0.6% Q/Q reflecting sequential softness. The company signed 68 leases totaling 1.1M square feet with a weighted-average lease term of 8.7 years, representing a significant 39% decline Q/Q in leasing activity volume. Leasing fundamentals remained challenging with second-generation leasing showing negative rental spreads as gross rents declined 1.9% and net rents fell 3.2% during the quarter. We view the persistent negative rental spreads and weak Q/Q leasing growth as concerning indicators for near-term operational performance. In our view, the significant decline in leasing activity, coupled with continued rent compression, suggests ongoing headwinds in BXP's core office markets. We believe the company faces continued pressure from challenging market dynamics that are likely to persist in the near term, despite the modest revenue beat this quarter.