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The Marked Chart Wire · Energy
Oil Prices
The state oil company set the official selling price for December Arab Light to a $7 per barrel discount for Asian customers.
Part of a series: Oil prices surge then fall below $100
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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.
HotEnergy 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.
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
Brent crude oil fell 4.55 percent to $98.89, dropping below the $100 mark. The S&P 500 index climbed 1.61 percent to 7,691.0 during the session.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.