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The Marked Chart Wire · Energy
Iran
Bob McNally forecasts that global and US oil benchmarks will rise past $100 per barrel as American moves against Iran intensify.
Part of a series: Oil swings as US and Iran clash over Hormuz
New to this? Read: Reading a stock chart
Iran
Brent crude dropped 9.3 percent to $93.95 and WTI fell 8.9 percent to $87.70 after Democratic midterm wins pressured Trump to end the Iran conflict. Bond yields in the UK and France also declined as inflation fears eased.
Oil Prices
The state oil company set the official selling price for December Arab Light to a $7 per barrel discount for Asian customers.
Data Centers
The utility has secured 7.8 GW of power contracts for data centers, with total capacity projected to double by early 2027. Over 10 GW of new gas plants are currently under construction to meet this rising need.
LNG
QatarEnergy is reportedly in discussions to secure additional long-term contracts for US liquefied natural gas. The company plans to purchase between 3 million and 6 million tons annually.
Oil Sands
Canadian Natural Resources plans to extend maintenance periods at its Horizon oil sands facility to every three years. The company aims to raise mining and upgrading capacity to 597,000 barrels per day.
Energy Demand
Baker Hughes chief executive Lorenzo Simonelli predicts sustained expansion in energy needs and capital spending over the next ten years. The firm anticipates modest industry growth in 2027 despite geopolitical uncertainties and volatile oil prices.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.