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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 and gold trading sideways
Oil is bid despite its fall today Oil prices were almost unchanged overnight, despite a massive 10 million barrel increase in US Gasoline Inventories, distillates rising by 4.4 million barrels and Crude Inventories falling only 2.5 million barrels, with Cushing Stocks climbing by about the same. That should all have been bad news for oil prices, implying that omicron is weighing on mobility and consumption.
06-01-2022 05:33 GMT by Jeffrey Halley
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Oil pares gains after EIA, gold rises
Oil Crude prices tentatively pared gains after the EIA crude oil inventory report posted a smaller-than-expected headline draw, while gasoline demand plummeted the most since April 2020.  The EIA report was a mixed bag that didn’t have anything to change the tight outlook for the oil market. A headline draw of 2.14 million barrels last week was the sixth consecutive decline, but the focus was on big builds with gasoline and distillate inventories, which were largely due to seasonal factors. Bo
05-01-2022 13:07 GMT by Edward Moya
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