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 eyes USD 100, gold shines

Oil rising on Ukraine tensions The possibility of war between Ukraine and Russia has put oil prices on a one-way road higher. The oil market is very tight and geopolitical tensions over Ukraine has energy traders eyeing a crude price move above the USD 100 level. OPEC Secretary General Mohammad Barkindo told reporters that OPEC+ is trying to ensure they will be able to supply oil to global markets.

14-02-2022 15:32 GMT by Edward Moya

Oil edges lower, gold rallies

Oil pares gains but remains well supported Oil prices are a little lower today after spiking on Friday following reports of a potential Russian invasion. Crude prices are inching ever closer to USD 100, something that looked very possible prior to Ukraine risk-premiums being priced in.

14-02-2022 12:13 GMT by Craig Erlam