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 down 10% from Sunday's high, gold pivots at USD 2000

Oil Crude prices are declining after Ukraine President Zelensky signaled he has 'cooled down' regarding the question of Ukraine joining NATO and as optimism grows that the economic impact of sanctions is weighing on the Russian economy and that President Putin might try to avoid a long war. Adding to the earlier selling pressure was the IEA breakdown of 62.7 million barrels emergency oil stocks. The world is working together to tackle surging oil prices and that has put a short-term top for c

09-03-2022 12:33 GMT by Edward Moya

Oil volatile, gold drops below USD 2000

Another volatile session for oil It's been another incredibly volatile day in the oil market, with Brent crude at one point rising a few percent before reversing course to trade down more than 5% on the day. This comes as it continued to see resistance around USD 130 following the US and UK decisions to ban and phase out Russian oil imports. With the EU not joining them, due to their far heavier reliance on Russian oil, and instead looking to do so over a much longer period, the price never ra

09-03-2022 11:57 GMT by Craig Erlam