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.

Demand Concerns vs. Geopolitical Risks: What's Next for Brent Crude Prices?

Rising US crude inventories are putting downward pressure on oil prices, interrupting a six-week slump. Geopolitical tensions in the Middle East and supply issues in Libya could potentially drive prices up. Softening demand from global airlines, especially for jet fuel, complicates the demand landscape. Conflicting signals from fundamental factors are expected to keep market participants on high alert. MOST READ: S&P 500, Nasdaq 100 Inch Higher Following US PPI Data Oil prices are heading for t

14-08-2024 13:31 GMT by Zain Vawda

Brent Crude - Oil Advances as OPEC Cuts Demand Forecast

Oil prices continue to rise despite OPEC cutting demand forecasts for 2024 and 2025. OPEC is likely to extend production cuts as the October deadline approaches, with Saudi crude oil exports to China expected to drop in September. The rally is fueled by easing US recession fears, but upcoming US data releases could shift market sentiment. A host of resistance levels up ahead. will the rally have the legs to continue?

12-08-2024 11:49 GMT by Zain Vawda