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.

Commodities and Cryptos stuck in wait-and-see mode

OPEC must be frustrated oil prices have yet to stabilize Gold struggles after hawkish Fed speak Bitcoin vulnerable but still holding lower boundaries of key range Oil Crude prices are in no man’s land as energy traders look to see what happens with both debt ceiling talks and with US and China tensions. Chevron’s acquisition of driller PDC Energy will help their operations in the US production basins, but that doesn't mean we will see an immediate impact with US output over the short-term.

22-05-2023 11:53 GMT by Edward Moya

Gold rebounds on Powell Pause hopes and Debt-Limit Roadblock

US oil rig counts fall 11 to 575 Gold starts to get shine back as safe-haven demand returns Bitcoin steadies near lower boundaries of trading range Oil Crude prices were having a great week as the US economic outlook dramatically improved as lawmakers seem likely to reach a deal on the debt ceiling. Debt ceiling optimism quickly disappeared on Friday and that sent oil prices sharply lower. The news wasn’t all negative for crude prices as Fed Chair Powell paved the way for a June hold. China

19-05-2023 13:16 GMT by Edward Moya