A potential breakthrough on overhauling the U.S. infrastructure permitting process has emerged in the Senate after the White House offered assurances on the treatment of renewable energy projects. A vote on the bipartisan legislation remains uncertain ahead of the November midterm elections.
The United Arab Emirates and Saudi Arabia are exploring investments in India's refining sector to gain access to its growing downstream market, according to India's oil minister.
The Australian government will fast-track visa processing for essential temporary agricultural workers to prevent labor shortages from disrupting the upcoming grain harvest, according to Grain Producers Australia.
The U.S. will reopen a key border crossing for Mexican cattle, a move aimed at bolstering tight domestic supplies. However, industry experts say the decision is unlikely to provide immediate relief from record-high beef prices for consumers.
A report from senior Senate Democrats claims the Trump administration provided hundreds of billions of dollars in tax breaks and regulatory relief to energy firms after then-candidate Donald Trump sought $1 billion in campaign funds.
Global crude steel production declined to 144.2 million tonnes in August, a 1.2% year-over-year drop, according to the World Steel Association. The decrease was primarily driven by a 3.7% contraction in China, the world's largest producer.
Ahead of a summit between Presidents Trump and Xi, U.S. farm groups are urging the administration to secure the removal of Chinese tariffs and lock in firm commitments for agricultural imports like soybeans and sorghum.
A global selloff in government bonds has accelerated, with US Treasury yields surging to their highest levels in over two decades, fueled by robust economic data and renewed expectations for further interest rate hikes.
Wholesale natural gas futures in Europe have risen from multi-week lows, driven by a combination of renewed geopolitical risk in the Middle East and concerns over below-average gas storage levels ahead of winter.
