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 pops, gold strong heading into inflation report

Oil Crude prices surged after Russian oil supplies were halted to Eastern Europe. A simple disruption that stemmed from Western sanctions that do not allow accepting transit fees from Moscow reminded us of how quick the oil market can tighten.

09-08-2022 15:07 GMT by Edward Moya

Oil dips lower, gold eyes US inflation

Oil edges lower as Vienna talks conclude Oil prices are marginally lower on Tuesday after recovering slightly at the start of the week. All of the talk of recession has caught up with crude prices over the summer, forcing a substantial correction that will be welcomed by those looking on in horror as they fill their cars. The question is how sustainable $90 oil is when the market remains very tight and OPEC+ is only willing to make small moves in order to address it.

09-08-2022 04:56 GMT by Craig Erlam