Commodities news

Bitcoin rose above $28,000 on Monday. The catalyst for the rise was not immediately clear. In other positive news for the crypto industry, several ether futures’ ETFs are set to launch on Monday. Crypto market watchers have been waiting to see whethe...

Hong Kong's central bank has warned investors to be alert of crypto businesses that call themselves "banks," saying such companies are violating the region's banking laws. The financial watchdog said only licensed institutions are permitted to carry...

According to the International Energy Agency (IEA), investments in solar projects are expected to outstrip investments in oil production for the first time ever in 2023.The Paris-based energy watchdog revealed that annual investments in renewable ene...

The price of gold flirted with record highs this week as US banking concerns increased, causing a flight to the safe-haven asset that was already being boosted by bets for a pause in US rate hikes.The spot price of gold was up 0.3% at $2,045.79 per o...

Oil prices surged on Monday after OPEC+ producers revealed surprise cuts to their output. Brent crude, the worldwide benchmark, leapt 5.31% to $84.13 a barrel, while the US benchmark, WTI, climbed 5.48% to $79.83. Both moves represented the largest o...

This year’s rollercoaster ride for oil prices continues, with prices recovering from a brief sell-off to gain last week, driven by renewed optimism around demand from top oil importer China.Brent crude futures rose 1.4% to settle at $86 a barrel. US...

Natural gas prices in Europe have slid to their lowest levels in almost a year and a half, a clear sign that the region has avoided a much-feared energy crisis.Benchmark wholesale gas prices dropped nearly 5% last week to hit $52 per megawatt hour, t...

The EU has slapped a ban on Russian diesel fuel and other refined oil products in a move designed to cut energy dependency on Moscow while also reducing the Kremlin’s fossil-fuel earnings.The ban comes as punishment over Russia’s invasion of Ukraine...

EU energy ministers have agreed to temporarily cap natural gas prices, after months of furious debate over whether the measure will protect European households and businesses from extreme price spikes during the winter.Europe will trigger the cap if...

The Organization of the Petroleum Exporting Countries (OPEC) and its allies will continue with their existing policy of carefully managing oil output. Sunday’s announcement came at the same time as new Western sanctions on Russian crude exports becam...

Power prices in Europe are breaking records, solidifying the sense of crisis in the region, and spreading fears about possible power shortages as winter looms.Power prices in Germany, which usually represent the benchmark for the remainder of the con...

Economic activity in Europe tumbled for a second consecutive month in August, as high inflation fueled by Russia’s war in Ukraine sours the outlook.The S&P Global Flash Eurozone Purchasing Managers Index (PMI) slumped to its lowest level in 18 mo...

The EU has revealed plans to ration gas to member countries as the world watches to see if Russia cuts the flow of natural gas to the continent. The EU has asked its 27 member states to reduce their gas demand by 15% between August and March next...

For the first time in nearly two months, crude oil prices have dipped below $100 a barrel, reflecting increasing investor worries about a global recession that could throttle demand for energy. The price of West Texas Intermediate (WTI) crude slid...

Ryanair CEO Michael O'Leary has warned that the current low-cost carrier model is unsustainable as aviation costs continue to rise.  Citing sky-rocketing fuel prices and gradually increasing sustainability levies, the airline boss predict...