Representative Gregory Meeks, the senior Democrat on the House Foreign Affairs Committee, has stated he will not support a proposed $2.8 billion munitions sale to Israel, citing concerns over the use of 2,000-pound bombs.
The U.S. International Development Finance Corp. has approved a $500 million trade financing facility in partnership with the World Bank's IFC, aiming to unlock up to $20 billion in U.S. exports to key emerging markets.
The privately held U.S. energy giant signed a memorandum of understanding with state-owned PDVSA to develop a 126,000-acre tract estimated to hold 30 billion barrels of oil reserves.
Raw sugar futures edged lower as a drop in crude oil prices reduced the incentive for mills to produce ethanol, potentially boosting sugar supply. The decline comes despite underlying support from expected production shortfalls in key regions like the EU and India.
A U.S. oil and gas company is expected to announce a significant investment in Venezuela's energy sector on Wednesday, according to U.S. Energy Secretary Chris Wright. The move comes as foreign firms are drawn to the OPEC nation amid a sweeping industry reform.
The U.S. Department of Agriculture will reopen a key New Mexico port to livestock trade next week, a significant step in restoring cross-border commerce with Mexico following closures due to a New World screwworm outbreak.
U.S. crude oil inventories fell less than forecast last week, while gasoline and distillate stocks saw surprise increases, according to new data from the Energy Information Administration.
A Houthi offensive has captured strategic ground overlooking the Bab el-Mandeb Strait, a critical oil chokepoint, exposing Saudi intelligence failures and strengthening Iran's influence over global energy routes.
Norwegian energy major Equinor plans to significantly expand its liquefied natural gas portfolio to between 10 and 15 million metric tons per year by the early 2030s, targeting growing demand from customers in Europe and Asia.
