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An auction next month of oil fields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according to people familiar with government estimates.

With the launch of the Future of Transportation Caucus, some members of Congress hope to shift the focus of transportation debates from funding to policy. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.

A United Nations-led call for action to tighten sulfur oxide emissions also may be a trigger accelerating a shift to natural gas as fuel for the global shipping fleet, and Japan is wasting no time trying to establish a refueling hub in Asia.

Legislation that seeks to advance infrastructure projects through innovative and open competition among suppliers recently was introduced by a bipartisan group of policymakers in the U.S. House of Representatives.

Russia wants to make its Arctic waters more attractive to shippers than the Suez Canal and could be willing to compensate for potential risks to make that happen.

Royal Dutch Shell Plc abandoned two oil projects off Kazakhstan after stubbornly high costs made them uneconomic.

The Oklahoma Transportation Commission recently approved three plans that will steer infrastructure projects in the coming years.

WASHINGTON — President Donald Trump says he is nominating a deputy to Energy Secretary Rick Perry to replace him in the top job at the Energy Department.

Longtime Maryland Rep. Elijah Cummings (D), who died Oct. 17 at the age of 68, was a formidable legislator who had consistently advocated for improvements in his district, as well as the nation, said Transportation and Infrastructure Committee Chairman Peter DeFazio (D-Ore.).

BEIJING — China’s economic growth sank to a new multidecade low in the latest quarter as a trade war with the U.S. deepened a slump that is weighing on the global economy.