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 back above USD 100, gold shines

USD 100 oil is back and it is probably going to stay. The crude correction ended now that the market has mostly priced in the strategic petroleum release plan, China is beginning to lift some of their lockdowns and as negotiations between Russia and Ukraine appear to have hit a dead-end.

12-04-2022 15:40 GMT by Edward Moya

Oil surges on OPEC, gold jumps on inflation

Oil spikes as OPEC offers the EU little hope Oil prices are spiking after flirting with sub-USD 100 levels in recent days as China appeared to loosen lockdown restrictions and OPEC warned that it would be impossible to replace Russian crude while pushing back against calls for it to utilise its spare capacity. This also came as it reported a decline in supply and demand growth this year and another missed month of production targets; something that the market expects after months of the same. Wh

12-04-2022 12:49 GMT by Craig Erlam