Saturday, 17 October 2026

TotalEnergies said Thursday in a preview of its third-quarter earnings that it expected results from its liquefied natural gas (LNG) portfolio to rise sharply from the previous quarter. The company attributed the expected gain partly to a 20% increase in market prices since the second quarter.

Mizuho expects TotalEnergies to report a strong third quarter, with exceptional downstream margins and an LNG trading rebound more than offsetting lower oil prices. The firm's adjusted earnings per share forecast sits about 3% above the Street view, according to Mizuho.

Deutsche Bank committed AUD 100 million as sole lender for the 10-year financing tranche of the Parron Maam Marang Wind Farm in Western Australia, according to Deutsche Bank.

The project is expected to add up to 470 MW of generation capacity to Western Australia's electricity system, Deutsche Bank said. Located about 200 kilometres north of Perth, the wind farm is expected to comprise up to 78 wind turbine generators.

A 12-year power purchase agreement with Synergy, Western Australia's state-owned electricity utility, covers 75 percent of the project's generation output, according to Deutsche Bank.

US wholesale inflation ran much hotter than expected in September, with energy costs accounting for more than 80% of the reading, according to americantalk.live.

The Producer Price Index rose 1.3% over the month, the outlet reported. Over the preceding 12 months, the index increased 6.3%.

More than 80% of the September wholesale inflation reading was driven by energy costs, according to americantalk.live.

The outlet reported that the hotter-than-expected figure signals Americans could face further pressure from soaring energy costs through the holiday season.

A sharp selloff in AI-related stocks coincided with a spike in crude prices in mid-October 2026, according to Crypto Briefing.

More than USD 1 trillion in technology market capitalization was wiped out within a single week, Crypto Briefing reported.

The Nasdaq 100 fell 5.5%, its worst weekly performance since April 2025, according to Crypto Briefing.

Brent crude reached USD 110 per barrel, its highest level since May 2026, with Middle Eastern supply issues pushing prices up, Crypto Briefing reported.

Canada's benchmark S&P/TSX Composite Index closed up 39.45 points, or 0.1%, as gains in energy shares offset a steep drop in technology stocks.

The S&P/TSX Capped Energy Index rose 2.7%, tracking a rally in crude oil prices.

Technology shares declined, with the S&P/TSX Capped Information Technology Index down 3.5% amid concerns about debt-fueled AI infrastructure spending.