Alliant expects contracts for 1 GW of additional data-center demand
The utility raised its 2027-2030 capital spending forecast by 19% to $15.9 billion and expects system peak demand to grow more than 60% by 2031.
OPEC+ expected to hold December oil output targets steady
Gulf members have been increasing exports after months of war-related disruption, but most are still producing well below their targets.
Seven core OPEC+ countries have reached an agreement in principle to leave December production targets unchanged, according to three people familiar with the matter. The producers are due to meet online on November 1.
Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman will take part in the talks. One of the people said the meeting would begin at 12:00 p.m. GMT. All three requested anonymity.
The discussions come as Gulf producers increase exports following months of disruption linked to the US-Iran war. Most nevertheless remain well short of their production targets.
OPEC+, an alliance of the Organization of the Petroleum Exporting Countries and partners including Russia, increased targets during much of 2026. September marked the completion of its gradual reversal of a supply cut totaling 1.65 million barrels per day, originally agreed in 2023. It subsequently maintained targets for October and November.
Another layer of cuts, amounting to about 2 million bpd, continues to apply to most members through the end of 2026. Sources have said a fourth-quarter assessment of members' production capacity must be completed before the group sets 2027 baselines. Those baselines will govern future quotas and help guide the reversal of the remaining cuts.