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 stays strong, gold volatile

Oil heading for USD 100? A winter storm in Texas appears to have been responsible for the latest spike in crude prices, as traders fret about the possibility of outages in the Permian Basin. In such a tight market, that's more than enough to encourage traders to buy what was the mildest of dips following the OPEC+ meeting earlier this week. With both Brent and WTI now comfortably above USD 90, it may just be a matter of time until we're closing in on triple-figures.

04-02-2022 08:43 GMT by Craig Erlam

Commodities and Cryptos: Nat Gas volatility, WTI crude tops $90, Gold pares losses, Bitcoin lower

The UK power regulator approved a 54% increase for prices starting on April 1st. This follows the 12% price jump households saw in October. UK energy companies can now pass along the rise in natural gas prices to consumers, which will punish 15 million that rely on floating rate pricing.

03-02-2022 15:47 GMT by Edward Moya