The CEO of Syria's oil company hopes to start construction of the Iraq-Syria oil pipeline in the first quarter of 2027.

Latest Developments October 6th – Constellation Energy's stock price (CEG.O) surged 12.2% to $300.3. If the rally holds, this would mark the company's largest single-day gain since April 2025. Alphabet, Google’s parent company (GOOGL.O), reached a multi-year agreement with CEG to purchase 3,590 megawatts of electricity from Constellation (link). The deal includes over $4.3 billions in new investment by Constellation and will expand the power generation capacity of several nuclear reactors in the Midwest and Mid-Atlantic regions. GOOGL signed a 20-year agreement to purchase 890 megawatts of electricity from multiple CEG nuclear plants, along with an additional long-term power supply deal for 2,700 megawatts. Out of 23 brokerage firms, 20 rate CEG as "buy" or higher, while 3 recommend "hold"; the median target price is $341.62, according to LSEG compiled data. Including today’s movement, CEG shares are down 15.1% year-to-date, while GOOGL is up 10.7% for the year. (For reader convenience, Reuters has automatically translated this report into several languages. Automated translations may contain errors or lack the intended context, and Reuters does not guarantee the accuracy of automated translation. The automated translation is provided solely for reader convenience. Reuters assumes no responsibility for any damage or loss arising from the use of the automated translation function.)

European Central Bank Governing Council member Kocher: Energy prices pose an upside risk to forecasts.