While headline prices have been volatile over the past two sessions, the structural tightness in supply has been the biggest driver in the markets.

Glencore and a consortium of banks have started talks with Chad over the restructuring of the country's more than $1 billion commercial debt.

Puma Energy has been unprofitable for years following a debt-fueled acquisition spree.

The cost of coal has surged above $200 a tonne, surpassing the 2008 peak during the last commodity boom, and natural gas in Europe and Asia is at an all time high.

Once one of the world's most powerful oil traders, Alex Beard is now raising money to build a portfolio of strategic battery sites across the UK.

Volatility in the energy markets is poised to intensify on the order from the central government, analyst says.

Investment in gas in particular needs to be increased to fend off more volatility during the energy transition, he says.