Energy Commodities

Energy commodities are natural resources used to produce energy, such as oil, natural gas, coal, and electricity. These commodities are traded on markets and their prices fluctuate based on supply and demand dynamics. For instance, oil is refined into gasoline, while natural gas is used for heating and electricity generation. Understanding energy commodities is essential because they significantly impact economies, driving costs for businesses and consumers alike. As the world seeks cleaner energy sources, renewable commodities like solar and wind energy are also gaining importance, reshaping the landscape of energy markets.