Topic
united states
Commodities US Strategic Petroleum Reserve Falls to Lowest Level Since 1983 Amid Iran Conflict
The US Strategic Petroleum Reserve (SPR) has fallen to 340.3 million barrels as of June 12, 2026, the lowest since July 1983. The Trump administration released 8.9 million barrels over the past week, part of 75 million barrels drawn since the war with Iran began in late February. Industry officials warn the reserve could face operational constraints if the drawdown continues, with replenishment not expected before hurricane season.
Trade India's Exports to US Flat in May 2025 as Imports Surge 54.43%
India's exports to the US remained flat at USD 8.82 billion in May 2025, while imports surged 54.43% to USD 3.8 billion. Overall bilateral trade data for April-May 2026-27 shows marginal export growth and significant import increase. Trade with China also saw notable shifts, with exports up 24.8% and imports up 23.4%.
Trade US Trade Representative Greer to Visit India June 23-24 for Interim Trade Deal Talks
United States Trade Representative Jamieson Greer will visit India on June 23-24, 2026, for discussions focused on finalizing an interim trade deal between the two countries. The visit aims to bring ongoing negotiations to a conclusion, following a bilateral meeting between President Trump and Prime Minister Modi in France on June 17.
Technology Many new AI data centers will be built on US drought-hit areas
A new report reveals that 517 out of 809 planned US data centers are located in drought-hit areas, raising questions over water and power supply. Only 4% of water demand is direct cooling, while 96% is indirect from power generation and semiconductor fabrication. Local opposition is growing, with Seattle banning new data centers for a year.
Commodities U.S. Approves $5B Offshore LNG Export Platform Amid Historic Regulatory Mileston
Federal regulators have approved the first-ever offshore LNG export terminal, a $5 billion project by Delfin Midstream. The platform, located 40 miles off Louisiana, will eventually export 1.8 billion cubic feet per day. Other stories include Amazon's LTL expansion, countervailing duties on Chinese and Mexican trailers, and a 30% surge in cargo theft.
Business Union Pacific Defends Merger Application Amid AG Criticism
Union Pacific has refuted claims by attorneys general from six states that its merger application with Norfolk Southern lacked necessary information. The company insists the merger will enhance competition and align with U.S. economic policies.