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Spain will release 4.4 mln barrels from strategic reserves in October, a ministry official said, without specifying the product mix. The release is the second tranche after an initial 3.7 mln barrels and part of a March pledge to release up to 11.5 m

2026-10-15

Spain will release 4.4 mln barrels from strategic reserves in October, a ministry official said, without specifying the product mix. The release is the second tranche after an initial 3.7 mln barrels and part of a March pledge to release up to 11.5 mln barrels of crude-equivalent products. Further releases will depend on ongoing assessment of the situation.

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2026-10-14

U.S. Treasury Secretary Bessenter: We will continue to work to ensure that all parties have fair access to banking services.

U.S. Treasury Secretary Bessenter: We will continue to work to ensure that all parties have fair access to banking services.
2026-10-14

GlobalFoundries will build two fabs on its existing site in upstate New York with up to $21 billion of Japanese financing, according to an agreement announced Wednesday. The plants will be jointly held by the United States and Japan, and the U.S. gov

GlobalFoundries will build two fabs on its existing site in upstate New York with up to $21 billion of Japanese financing, according to an agreement announced Wednesday. The plants will be jointly held by the United States and Japan, and the U.S. government will acquire about a 4% stake in GlobalFoundries. Construction funding will come from Japan’s previously pledged $550 billion of investment in the U.S. The new facilities will produce foundational chips—lower-complexity but widely used semiconductors for autos, industrial equipment and communications—to boost U.S. supply and reduce reliance on East Asian vendors. The deal is pitched as a response to U.S. national-security concerns and to ease base-chip tightness intensified as industry capacity shifts toward advanced AI accelerators such as NVIDIA’s.
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