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 slumps on demand outlook, gold hurt

Oil Crude prices are struggling as China stands by its zero-COVID policy and as global central bank tightening is crushing economic activity. Central banks are signaling that tightening is quickly cooling their respective economies, which means the short-term crude demand outlook will probably get slashed. Oil is battling both a weakening global economic outlook and a surging dollar. It seems these bearish drivers won’t be easing up anytime soon and that could mean WTI crude could be vul

03-11-2022 11:39 GMT by Edward Moya

Oil dips lower, gold under pressure

Settling in a range Oil prices are softening a little on Thursday after nudging higher again a day earlier. Brent appears to be settling around the mid-point of the $90-$100 range as traders weigh up the impact of the OPEC+ cut against a bleak global economic outlook. The zero-Covid rumours in recent days may have given oil another bump higher, as will the crude inventory data that showed a large drawdown.

03-11-2022 05:48 GMT by Craig Erlam