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.

Economic jitters hurt oil and boost gold, Crypto unfazed

Recession risks drive safe-haven flows gold's way Oil has worst weekly decline since May Bitcoin tests highest level in a year Oil Oil prices are declining on fears that a European recession and delayed stimulus from China will spell trouble for the global growth outlook. Next week, the heads of the major central banks will gather in Portugal and likely signal a commitment to tackle inflation with aggressive rate hikes. Energy traders are worried that the Fed and friends might cripple econom

23-06-2023 10:32 GMT by Edward Moya

Oil and gold tumble as central bank tightening threatens global outlook, Bitcoin at $30k

Oil Oil prices are going to remain heavy as central bank tightening will kill the global growth outlook. Energy traders will keep a close eye on today’s stockpile that might show a modest draw. The oil market will remain heavy until European inflation eases. Brent crude could make a run towards the $70 region but should rebound once we finally see significant easing come from Beijing. A bullish EIA crude oil inventory report was unable to stop WTI crude's selling pressure. Stockpiles decl

22-06-2023 13:39 GMT by Edward Moya