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 pares gain, investors love gold

Oil dips as Iran/US talks progress The oil price rally has hit a tentative wall as Ukrainian tensions cannot overcome the prospects of additional Iranian supply and possibly more crude output from OPEC+. Yesterday, Iran Foreign Ministry spokesman Khatibzadeh noted that significant progress has been made in reviving the 2015 nuclear deal.

22-02-2022 14:15 GMT by Edward Moya

Stocks struggle on Ukraine tensions, consumer confidence weakens, bitcoin steadies

Wall Street is debating what will be the impact that regional warfare will have on US stocks. The contagion risk will completely feed into inflationary pressures as energy costs will skyrocket and that will derail large parts of the economic recovery coming out of COVID. Geopolitical risks could lead to a slower growth cycle and that could remove the risk of a half-point Fed rate hike at the March 16th FOMC decision. Risk appetite will start to see some support as investors start to price in a

22-02-2022 14:11 GMT by Edward Moya