Energy news

Energy commodities are essential fuels that power modern society. Explore key energy sources like crude oil, natural gas, coal, and emerging renewable energies. Learn about their global impact on the economy and environment.

Markets Weekly Outlook - NFP Jobs Data to Rule Out 50 bps Fed Rate Cut?

US PCE data keeps Fed rate cut hopes alive as inflation moves towards 2% target. Commodity prices fluctuate on geopolitical fears and OPEC+ production plans. US jobs data release is key market-moving event in the week ahead, with potential to impact Fed rate cut decisions.

30-08-2024 15:23 GMT by Zain Vawda

Brent Crude - Oil Rallies 3% on Middle East Tension, Libya Production Halt

Brent Crude oil prices have surged by approximately 3% following escalated tensions in the Middle East, notably between Israel and Hezbollah, alongside a production halt in Libya. Libya's internal power struggle has led to the closure of oil fields by the Eastern-Based Government, affecting the country's output of around 1 million barrels per day, further supporting higher oil prices.

26-08-2024 11:11 GMT by Zain Vawda