Energy news

Crude oil has continued to slide after Fed meeting minutes pushed Treasury yields higher, boosting fears of recession. Will WTI find a base?

The British Pound fell below its June low versus the US Dollar overnight as embattled Prime Minister Boris Johnson faces an increasingly perilous position. Oil falls again as China tightens Covid m...

The S&P 500 notches a small gain and breaks above 3,830, but rising recession risks create near-term headwinds, especially for growth-sensitive sectors.

Spot natural gas prices (CFDS ON NATURAL GAS) rose in their recent trading at the intraday levels, to achieve daily gains until the moment of writing this report, by 3.73%.

The commodity space was hammered on Tuesday as the markets continued to price in the very real possibility that economies around the globe are going into recession.

The West Texas Intermediate Crude Oil market fell hard on Tuesday as traders came back from holiday in America.

Mohammad Sanusi Barkindo was the secretary general for the Organization of the Petroleum Exporting Countries. Barkindo was in his native Nigeria to attend an energy summit in Abuja.

The Norwegian government has intervened to halt a strike by oil and gas workers. The move came amid concerns that the strike could have worsened Europe's energy crisis, which is already aggravated by the war in Ukraine.

U.S. stocks fall on Tuesday, along with growth-linked commodities, on rising fears that the U.S. economy is headed for a hard landing amid tightening financial conditions.

Offshore workers have started a first day of industrial action over wages that could drastically reduce output and intensify an energy crisis in Europe aggravated by the war in Ukraine.

Spot natural gas prices (CFDS ON NATURAL GAS) declined in their recent trading at intraday levels, to record daily losses until the moment of writing this report by -2.95%.

Brent crude oil was unable to capitalize on the mornings fundamental and economic boosts from Asia and Norway on both the supply and demand-side as recession woes grip.

The WTI Crude Oil market had a relatively positive Independence Day, but it should be noted that volume was a bit thin as most trading was electronic and off hours.

First off, a quick note about my Q2 top trade, which was short GBP/USD, looking for 1.2750-1.2800 from circa 1.3200.

The crisis-hit country's next shipment of petrol is not due to arrive until later this month.

The West Texas Intermediate Crude Oil market bounce a bit on Friday to show signs of this bounce from a relatively significant trend line.

Crude oil prices dipped today as the threat of recession saw bond yields go lower across developed markets as central banks manoeuvre into inflation fighting mode.

First off, a quick note about my Q2 top trade, which was short GBP/USD, looking for 1.2750-1.2800 from circa 1.3200.

The price of oil has fallen roughly 20% from the 2022 high ($130.50) as US President Joe Biden takes further steps to combat high energy prices.

WTI crude oil prices have been rising swimmingly since a bottom was found at the peak of the 2020 global pandemic.

The Russian government moves to take over Sakhalin-2 in which Shell has a share of more than a quarter.

The West Texas Intermediate Crude Oil market has fallen during trading on Thursday to break through a trendline.

Natural gas prices are higher in APAC trading following a brutal overnight drop of more than 6%. However, Improving US inventory levels may keep bulls from making much progress.

The price of oil approaches the monthly low ($101.53) as OPEC retains the upward adjustment in their production schedule.

European equities have continued to slide as geopolitics remain key catalysts for price action. OPEC+ agrees to increase production in August, oil prices ease.

Spot natural gas prices (CFDS ON NATURAL GAS) increased in their recent trading at the intraday levels, to achieve slight daily gains until the moment of writing this report, by 1.34%.

As the price for oil and gas explodes in Europe, heat pumps could be a meaningful alternative. In Germany, lavish state subsidies are making the idea even more attractive for single-family homes.