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U.S. oil stocks generally rose in pre-market trading, with Occidental Petroleum and ConocoPhillips up more than 6%, ExxonMobil up more than 5%, and Chevron up nearly 4%.

According to a statement released by the Office of the Premier, Cameco will supply 22 million pounds (11,000 tons) of reactor fuel to India between 2027 and 2035. The two countries have also agreed to cooperate in areas such as liquefied natural gas, critical minerals, solar energy, and hydrogen energy.

Glonghui, March 2｜Citi released a report stating that Amazon has announced a significant expansion of its partnership with OpenAI. Amazon will invest $50 billion in OpenAI, while OpenAI has committed to increasing its AWS computing expenditure by $100 billion over the next eight years. The additional computing is expected to consume 2 GW of Trainium 3 and 4 generation capacity. The bank believes this expanded collaboration brings three main strategic benefits: 1) With OpenAI models integrated into Bedrock and Amazon’s consumer business, it will further accelerate AWS’s AI capabilities; 2) With greater computing scale, it will enhance the capabilities and infrastructure of Trainium; 3) It is likely to pave the way for Amazon’s broader agent-based business strategy. In terms of capital expenditure, although the bank expects investments to continue increasing as a result, given server utilization and the direct link between computing and revenue, the bank has become more positive about the sustainable acceleration of AWS revenue growth.