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.

US jobs report eyed as weaker JOLTS data signal slack appearing in labour market

Equity markets are treading water in the middle of the week as investors weigh up what is next for the Fed following the surprise decline in JOLTS job openings, how much further the RBNZ will go in light of today's decision and what the OPEC+ cut means for oil prices and inflation. There's been a lot to take on board over the last few days and it's been a real mix of good and bad news.

05-04-2023 04:52 GMT by Craig Erlam

Oil holds onto OPEC gains, gold punches past $2000

Oil holds gains after OPEC+ cut but remains around recent highs Oil prices are consolidating after the early week surge in the aftermath of the OPEC+ announcement. The decision to cut output has proven to be very controversial, much like the two million barrel reduction in October, but just like that, there's no guarantee it will lead to dramatically higher prices. In fact, at this stage crude is only trading around the highs of the last four months and it's tested these levels on a number of oc

05-04-2023 04:47 GMT by Craig Erlam