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 lower on demand fears, gold hurt by strong dollar

Oil Crude prices pared losses after energy traders were reminded that while the market might flip to a surplus next quarter, OPEC will keep prices supported. The release of the OPEC 2022 world oil outlook still supports both medium and long-term cases for higher prices.

31-10-2022 13:16 GMT by Edward Moya

Oil eases, gold choppy

Oil eases Oil prices are a little lower today although nothing has dramatically changed in recent weeks as far as the outlook is concerned. The global economy is facing major challenges, even recession, OPEC+ is prepared to make unpopular cuts alongside member Russia, whose war in Ukraine has been a dominant driver of market volatility.

31-10-2022 12:18 GMT by Craig Erlam