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.

Stocks struggle for direction, AUD rises after suprising hawkish hike

Treasury yields edge higher; 10-year rises 2.3bps to 3.706% Apple momentum stalls on skepticism with $3,499 headset VIX touches lowest level since 2021 Stocks After a valiant attempt at entering a bull market, stocks are wavering as Wall Street contemplates how much more tightening will we see by the Fed. Providing some support for equities was news that Secretary of State Blinken is expected to make a visit to China and meet with key officials. Any progress in cooling tensions with the wor

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

Saudis solo-cut oil pop faded, Gold rises, Crypto crushed as Binance Sued by SEC

Saudis raises prices to Asia after surprise solo-output cut Gold rises as Fed hike odds edge lower after soft ISM services report SEC goes after Binance and CZ Oil The Saudis are going at it alone in doing whatever it takes to stabilize oil prices. The Saudi problem is that energy traders aren’t believing the kingdom has enough power to sway all OPEC+ to deliver meaningful action. The Sunday decision to deliver a solo-cut triggered a near 5% jump on the open, but that quickly disappeared.

05-06-2023 14:01 GMT by Edward Moya