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 - OPEC + Cuts Forecasts Again as Chinese Imports Fall, Brent Holds Above $78/Barrel

Brent oil prices have recovered to $78.30 despite OPEC+ downgrading demand growth forecasts and falling Chinese imports. China's oil imports fell for the fifth consecutive month in September stoking demand fears. OPEC+ revised its global oil demand growth forecast for 2024 downwards for the third time. Most Read: Gold (XAU/USD) Price Outlook: China Sends Mixed Signals Keeping Gold Prices Steady

14-10-2024 11:26 GMT by Zain Vawda

Markets Weekly Outlook - ECB to Deliver 25 bps Rate Cut? Bank Earnings in Focus

Market expectations for a Federal Reserve rate cut decreased following mixed US data signals. The European Central Bank's interest rate decision is a key event, with a 25 bps cut highly anticipated. The week ahead features CPI releases from several countries, including China and New Zealand, while US earnings season gathers pace with major banks reporting. Can the S&P 500 rally continue? Technical breakdown provided.

11-10-2024 13:34 GMT by Zain Vawda