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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 extends losses on COVID fears, gold fights for life
Oil takes  a tumble Oil prices crumbled as the crude demand outlook looks like it could get slashed after the WHO advised governments to take steps to curb COVID-19 transmissions as the new wave makes its way across Europe and the US. ​ Crude just can’t catch a break as all the headlines are turning bearish. ​ Earlier weakness for oil stemmed from Heathrow Airport capping travel, growing European recession fears following collapsing German investor confidence, and rising fears that Shanghai will
12-07-2022 14:42 GMT by Edward Moya
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Oil slides, gold ticks higher
Oil slides as OPEC forecast another tight year Oil is falling quite heavily today, off more than 4% and pushing WTI back below USD 100 a barrel. Recession fears are strengthing the bearish case for crude and we're seeing those materialise after previously reaching very high levels. That said, the market remains extremely tight and the OPEC report today highlighted that fact, with demand next year seen exceeding supply by a million barrels per day.
12-07-2022 10:14 GMT by Craig Erlam
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