Business & Markets — October 5, 2026

Aramco warns on thin oil stockpiles. Saudi Aramco's CEO warned global oil inventories are dangerously thin and could take up to two years to rebuild as the U.S.-Iran war continues.

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OPEC+ holds production steady for November. OPEC+ agreed Sunday to maintain baseline production levels for November as Brent crude holds above $100 a barrel during the U.S.-Iran war.

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Schneider Electric strikes $23 billion software deal. Schneider Electric agreed Monday to buy an industrial design software firm for $23 billion. The deal came at a decade-low valuation as Schneider rides the AI buildout.

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