News

A U.S. judge concluded a two-hour hearing on Disney's (DIS.N) lawsuit against the Federal Communications Commission's (FCC) license review without issuing a ruling.

According to the Wall Street Journal, sources familiar with the matter said that Lambda, the cloud computing company backed by Nvidia (NVDA.O), is raising up to $4 billion at a pre-money valuation of $14.5 billion.

U.S. Energy Secretary Wright: American farmers and truck drivers will soon feel the drop in diesel costs.

Market news: Iran summoned the French ambassador to Tehran, accusing France of violently responding to student protests and of widespread human rights violations. The Iranian Foreign Ministry urged France to respect fundamental human rights, including the right to peaceful assembly.

The U.S. Energy Information Administration (EIA) projects natural gas prices at $3.61 per barrel in 2026, up from a previous forecast of $3.56 per barrel.

The Canadian Prime Minister's Office: Canadian Prime Minister Mark Carney will travel to Ankara and Istanbul from October 21 to 23.

According to NewsNation: Qatari officials say negotiations between the United States and Iran are underway, with Washington and Tehran exchanging information through Qatar as a mediator.

The U.S. Energy Information Administration (EIA) predicts that Middle Eastern oil production and exports through the Strait of Hormuz will "gradually increase" due to improved transit facilitation.

The U.S. Energy Information Administration (EIA) projects that oil production shutdowns in the first quarter of 2027 will decrease to 2.7 million barrels per day from 4.5 million barrels per day in the fourth quarter of 2026, as alternative transportation options expand.

The U.S. Energy Information Administration (EIA) expects U.S. retail diesel prices to remain above $6 per gallon in October, before gradually declining to around $4.50 per gallon by 2027.

The U.S. EIA forecast for natural gas production in October was 112.2 billion cubic feet per day, compared to 111.7 billion cubic feet per day previously.

The U.S. EIA forecast for next-year natural gas production in October is 116.1 billion cubic feet per day, compared to 115.9 billion cubic feet per day previously.

The U.S. Energy Information Administration (EIA) projects that U.S. natural gas production will average 125 billion cubic feet per day in October, compared with 124.9 billion cubic feet per day in September; it is projected to rise further to 125.3 billion cubic feet per day in November.

The U.S. Energy Information Administration (EIA) projects that U.S. oil production will average 14 million barrels per day in October, up from 13.96 million barrels per day in September; November production is projected to average 14.04 million barrels per day.

The U.S. Energy Information Administration (EIA) projects global oil demand at 102.4 million barrels per day in 2026, down from the previous forecast of 102.6 million barrels per day; and projects demand at 104.6 million barrels per day in 2027 (previously forecast at 105 million barrels per day).

The U.S. Energy Information Administration (EIA) projects global oil production at 101.1 million barrels per day in 2026, up from its previous forecast of 100.6 million barrels per day; and projects production at 109.6 million barrels per day in 2027 (previously 109.9 million barrels per day).

The U.S. Energy Information Administration (EIA) projects U.S. oil demand at 20.6 million barrels per day in 2026, unchanged from its previous forecast; and projects demand at 20.8 million barrels per day in 2027 (previously also 20.8 million barrels per day).

The U.S. Energy Information Administration (EIA) projects U.S. oil production at 13.87 million barrels per day in 2026, up from the previous forecast of 13.83 million barrels per day; and projects production at 14.3 million barrels per day in 2027 (previously 14.26 million barrels per day).

Fed's Daly: The Fed may see the shock subside within 1-3 years.

According to Axios, Federal Reserve official Daly said that further tightening of policy may be necessary.