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 - Chinese data and resumed Libyan output weigh on oil

Chinese growth underwhelms Libya resumes production after brief outage Key technical support levels still below Oil prices pulled back from last week's highs today, weighed down by the weaker Chinese figures and reports of some Libyan outages being restored. The numbers from the world's second-largest economy are almost certainly the bigger factor here especially against the backdrop of sluggish growth around the globe.

17-07-2023 16:29 GMT by Craig Erlam

Oil tentatively lower on disappointing Chinese data

Goldman Sachs eyes a significant crude deficit in the second half of the year Markets price in 25% chance Fed cuts at December 13th FOMC meeting Bitcoin supporter Novogratz expects Bitcoin ETF gets done by end of year Oil Crude prices are lower as China’s economic recovery stalled and as Libya resumed production at key oil fields. Oil won’t catch a bid unless China finally unleashes meaningful stimulus that propels large parts of the economy. Little rate cuts here and there and support for p

17-07-2023 13:01 GMT by Edward Moya