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The Marked Chart Wire · Energy
Oil Inventories
The American Petroleum Institute reported a 2.03 million barrel decline in US crude inventories, contrasting with an expected 0.8 million barrel build. Cushing stocks also fell by 0.453 million barrels.
Part of a series: US crude inventories fall for four straight weeks
New to this? Read: Reading a stock chart
Nuclear Power
The Department of Energy has offered Constellation Energy up to $5 billion in conditional financing to modernize reactors in Illinois, Maryland, and Pennsylvania. The plan aims to add 1,100 megawatts of capacity to support AI data center demand.
HotNuclear Energy
Nano Nuclear Energy and Hyundai Engineering signed a nonbinding agreement to support the development of a compact nuclear unit at the University of Illinois. The deal explores domestic manufacturing and future commercial uses without binding financial commitments.
Middle East
Oil prices declined following renewed diplomatic efforts in the Middle East. Meanwhile, European natural gas prices rose to a four-year high.
Natural Gas
Costs for natural gas in Europe climbed to their highest level in almost four years. Several liquefied natural gas equities are now trading near buy points.
Iran
Brent crude prices exceeded $117 per barrel. The Saudi defense minister is heading to Iran to negotiate a reduction in hostilities.
Energy Markets
Fatih Birol, head of the International Energy Agency, stated that global energy markets might not return to prewar conditions within the next year.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.