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.

The more things change…..

The more things change, the more things stay the same. That harsh reality was dished out in spades to markets trying to price in “Peak Ukraine” by buying the dip yesterday.

02-03-2022 04:16 GMT by Jeffrey Halley

Commodities and Cryptos Shine as risk aversion hits Wall Street: Oil surges, Gold and Bitcoin rally

Oil Energy traders shrugged off the EIA announcement that 60-million barrels of crude will be released. Crude prices can’t stop going higher as a very tight oil market will likely see further risk to supplies as the War in Ukraine unfolds. Expectations for a revival of the Iran nuclear deal have come down a bit as talks still have a few key issues. Brent crude could surge to the $120 level if the oil market starts to think it is likely that sanctions will be placed on Russian energy. Normal

01-03-2022 15:05 GMT by Edward Moya