Market News Today — AI-Curated Stock & Crypto Headlines

SoFi's stock price has dropped following the announcement of a $1.5 billion share sale, despite the company's market capitalization nearly doubling this year.

Saudi Arabia has started natural gas production at the Jafurah project, a key development to meet rising demand and boost gas processing capacity.

Canada's Prime Minister secured a $70 billion investment pledge from the UAE, focusing on energy, AI, mining, and other strategic industries, as part of Canada's goal to double non-US exports and attract $1 trillion in new investment.

ADNOC has approved a $150 billion investment plan for 2026-2030, focusing on oil, gas, and industrial expansion, marking one of the largest investment cycles in its history.

Blue Owl has decided to cancel the merger of two private-credit funds due to investor concerns, causing a negative reaction in the market.

The Trump administration has announced the first 'Big Beautiful Gulf' oil auction with a 12.5% royalty rate, offering nearly 80 million acres in the Gulf of Mexico.

Eni and Petronas plan to launch 8 new upstream projects in Indonesia and Malaysia over the next 3 years, as part of their joint venture to combine offshore assets in Southeast Asia.

Tory leader Kemi Badenoch has declared an oil and gas emergency in Scotland, advocating for the reversal of a ban on new oil and gas licenses.

Saudi Arabia has reduced its December oil prices for Asia significantly, aiming to maintain market share amid OPEC+ output decisions.

Morgan Stanley increased its Brent crude oil price forecast for 2026 to $60 per barrel, up from $57.50, after OPEC+'s decision to pause production increases in early 2025.

Germany's Chancellor Merz announced a €1.7 billion investment plan to develop the world's first commercial fusion reactor, marking a significant shift in the country's energy policy.

Oil prices surged 8% after US sanctions on Russia's top oil producers, but traders doubt the sanctions' long-term impact, shifting market focus from supply glut to potential supply squeeze.