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.

Brent Crude - Oil Prices Rise Despite Largest OPEC Forecast Cuts of 2024

Oil prices rose despite OPEC downgrading its 2024 and 2025 global oil demand growth forecasts. The downgrade is attributed to China's slower demand and the rise of electric vehicles. The EU and US are considering further sanctions on Russia's oil trade, underpinning prices. Most Read: USD/CHF edges up ahead of SNB rate decision Oil prices continued its steady move higher on Wednesday, up around 1.27% at the time of writing.

11-12-2024 12:27 GMT by Zain Vawda

Markets Weekly Outlook - Central Bank Focus as US Inflation Looms

US Jobs report all but confirms a December rate cut, with markets pricing in an 80% probability. Nasdaq nears 22,000 as US equities continue their strong performance, with the S&P 500 also hitting record highs. Global markets await US CPI and ECB decisions, with expectations of a 25 bps rate cut from the ECB. Focus for the week ahead includes US CPI, ECB decision, and Chinese inflation data. Read More: EUR/USD: Additional accommodative monetary policy guidance from the ECB may be forthcoming We

06-12-2024 15:00 GMT by Zain Vawda