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.

Bitcoin edges higher as Coinbase asks court to dismiss SEC lawsuit, Commodities pare earlier losses

Bitcoin continues to hold onto the $30,000 level as crypto traders await any decision with Bitcoin ETFs or with pending SEC lawsuits. Today, Coinbase Chief Legal Officer said, “Coinbase just doesn’t list securities, period.... We have always looked to add assets that are appropriate for not only our customers, but consistent with our lawful authority." Coinbase is hoping to get a dismissal of the SEC lawsuit that it failed to properly register its business. An immediate decision might be toug

29-06-2023 12:30 GMT by Edward Moya

Commodities try to shrug off Powell's hawkish message about consecutive hikes

Commodities were tested after Fed Chair Powell triple downed on the Fed's dot plots. The dollar initially caught a bid but that was short-lived. At the end of the forum, traders really didn't learn anything new. Oil Before the EIA report, crude prices were wavering after a larger than expected drop in inventories, countered fears that several banks will be sending the global economy into recession. Yesterday, the API report showed crude stocks declined by 2.4m bpd. Energy traders however tu

28-06-2023 15:10 GMT by Edward Moya