Moscow oil refinery halts crude processing after Ukrainian drone attack

The U.S. approved $24.3B arms sale to Saudi Arabia for 48 F-35 jets, with Congress having 30 days to object. Separately, a $2.8B sale to Israel includes bombs, funded by U.S. taxpayers. Iran reports missing $11B from oil sales. Citgo's creditor-protection license extended; Amber Energy's $8B bid for PDV Holding awaits OFAC approval. Continental Resources enters Venezuela's Ayacucho 2 block. Shell may approve LNG Canada's second phase, doubling capacity. OMV's Essar oil discovery in Libya deemed

President Trump approved a $2.8 billion sale of heavy bombs to Israel, including 40,000 one-ton bombs, 20,000 2,000 lb. bombs, and 20,000 bunker-busting warheads. The weapons will replenish Israel's stockpile, which has been used in Gaza, the West Bank, and Lebanon. Human rights groups have condemned the use of these bombs, citing their impact on civilians and infrastructure. The sale involves U.S. defense contractors Boeing, Lockheed Martin, RTX, General Dynamics, and Northrup Grumman.

Yemen's Houthis captured the Red Sea port of Mocha, threatening the Bab al-Mandeb Strait, a key oil route. Brent crude surged to $108, WTI to $103. Qatar is negotiating long-term LNG purchases from U.S. suppliers. Holtec aims for a $10.2B valuation in a Nasdaq IPO. Tamarack and Headwater agreed to a $10B merger. Enbridge to buy Tallgrass Energy’s crude business for $2.55B. NABEP plans to boost Venezuelan oil production to 500,000 bpd by 2028. TotalEnergies to bring Acacia-5 discovery in Angola i

The UK government allocated £100m ($135.4m) for Ukraine's air defense, including Patriot interceptors, artillery rounds, and UAS. Lockheed Martin and Raytheon are involved in Patriot systems. Ukraine is also developing local interceptor solutions as it faces Russian strikes ahead of winter.

The US reportedly used the promise of Nvidia AI chips to help secure a peace deal between Armenia and Azerbaijan. The deal involved expanded approval for chip purchases for an Armenian data center project, according to the Wall Street Journal. Nvidia's involvement in the deal highlights the role of advanced semiconductors in US diplomacy. The Firebird facility in Armenia, backed by Nvidia, is part of this strategy. Nvidia executives have acknowledged the role of chips in creating conditions for

The U.S. used the promise of Nvidia chips to help secure a peace deal between Armenia and Azerbaijan, according to the Wall Street Journal. The deal included a $5B data-center project in Armenia, packed with 70,000 Nvidia AI servers. Nvidia's CEO, Jensen Huang, advised President Trump on AI policy. The U.S. authorized export licenses for advanced Nvidia chips to Armenia as part of the agreement, aiming to deepen economic ties and bolster the country's tech industry.