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.

Oil remains volatile, gold eyes nonfarm payrolls

A wild week for oil as economic fears mount amid turbulence in US banks It's not just some regional US banks that have experienced a run recently oil traders have been at it too. The sell-off in March was triggered by the SVB collapse and everything that followed and it was only when OPEC+ stepped in that the price recovered.

05-05-2023 08:05 GMT by Craig Erlam

May the 4th be with you; Regionals need A New Hope

Attack of the oil shorts; Demand outlook slashed as recession risks grow by the day Gold bulls Awaken; Bank contagion fears drive safe-haven flows Bitcoin's regulatory saga; banking jitters unable to fuel larger rally It doesn’t seem like it was a long time ago that we had a full-blown global banking crisis that set Wall Street back for many years. Today, US stocks are falling as bank turmoil is leading to the rapid collapse of PacWest and Western Alliance. Sticky inflation and a slowly coolin

04-05-2023 11:44 GMT by Edward Moya