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.

Commodities and Cryptos: Oil market getting tighter, Gold battered as yields rally, Bitcoin in danger
Oil A tight oil market just got hit with supply disruptions and geopolitical risks, which means oil prices are headed higher.  Oil prices were boosted after growing unrest in Kazakhstan posed a risk to their 1.6 million barrels per day of production.  Insurgents were responsible at the beginning of the year for sending Libyan production to the lowest levels in more than a year.  Energy traders are growing very confident this market will remain very tight and now that omicron worries have eased o
by Edward Moya
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Oil pushes higher, gold slides after FOMC
Oil shakes off sentiment hit Oil is continuing to push higher as traders price in a modest economic impact from omicron. The OPEC+ meeting this week supported the view and the price of oil is now not far from its October peak, with WTI closing in on USD 80 for the first time in almost two months. The knock to broader market sentiment from the Fed minutes is not reverberating around the crude market, with prices up more than 2% on the day and backed by momentum. Gold hit hard by Fed minutes G
by Craig Erlam
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