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.

Crude rallies, Gold hovers around USD 1900

Oil surges as West tightens sanctions Crude prices surged after the West delivered a stronger round of sanctions that raised the risk that Russian energy supplies could be next to get targeted. Energy traders are awaiting the US and allies to tap their strategic reserves, which could unleash 70 million barrels of oil. The oil market will remain very volatile as the risk of losing access to Russian energy supplies grows. The uncertainty over how the Ukraine war will unfold has too many risks

28-02-2022 15:40 GMT by Edward Moya

Oil closes in on USD 100, gold rises

Oil eyeing USD 100 again as the US considers another SPR release and a nuclear deal Oil prices are naturally rallying strongly at the start of the week. Brent and WTI are both closing in on USD 100 once again and only a significant de-escalation looks likely to derail that.

28-02-2022 10:40 GMT by Craig Erlam