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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 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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Oil running on empty gold eyes FOMC
Oil running on fumes The oil price recovery may be starting to run on fumes after OPEC+ confirmed what markets had been pricing in over the last couple of weeks; that omicron won't have an overly detrimental impact on crude demand. In continuing its 400,000 barrels per day, monthly increases, the group offered further comfort to investors that the economic impact is likely to be minor and short-lived. The question now is whether the group can meet quotas which have reportedly been a challenge
05-01-2022 10:53 GMT by Craig Erlam
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