Author: omc_admin

Indian Oil Corp., the largest refiner in the country, is set to launch its first sustainable aviation fuel production facility by the end of the year. Production capacity will be 35,000 tons annually, with the feedstocks coming from hotel chains, restaurants, and other large-scale users of cooking oil.The plant’s projected capacity will be enough to meet India’s requirements for blending 1% of sustainable aviation fuel with jet fuel beginning from 2027, the chairman of Indian Oil Corp., Arvinder Singh Sahney, told the media as quoted by The Indian Express. The main market for the product will be Europe, which has…

If you’re dreaming of joining the AI startup race, it might not be too late to start.”Sometimes it might feel like all the ideas are taken, but the economy is so big,” Greg Brockman, OpenAI’s cofounder and president, said in an episode of the “Latent Space” podcast released on Saturday. “It is worthwhile and really important for people to really think about how do we get the most out of these amazing intelligences that we’ve created.”Brockman said startups that connect large language models to real-world applications are extremely valuable.Brockman, who cofounded OpenAI in 2015, added that domains like healthcare require…

California’s new laws laws requiring large companies to disclose their value chain greenhouse gas emissions and report on climate-related risks survived another court challenge, with a U.S. District Judge denying a motion to block enforcement of the laws on First Amendment free speech grounds. The motion marked the latest move by the U.S. Chamber of Commerce, alongside other business groups, to strike down California’s upcoming climate reporting requirements on constitutional grounds before proceeding to trial, with the court ruling against two motions earlier this year and late last year. The regulations, SB 253 and SB 261, were approved by Governor Newsom in…

Longtime rivals China and India are quietly and cautiously strengthening ties against Trump’s unpredictable approach.White House trade adviser Peter Navarro said India’s purchases of Russian crude were funding Moscow’s war in Ukraine and had to stop, adding that New Delhi was “now cozying up to both Russia and China.””If India wants to be treated as a strategic partner of the US, it needs to start acting like one,” Navarro wrote in an opinion piece published in the Financial Times. India’s Foreign Ministry has previously said the country is being unfairly singled out for buying Russian oil while the United States…

The amount of crude oil going into storage in China has declined from 1.42 million barrels daily in June to 530,000 barrels daily in July, suggesting a pick-up in demand, as reported by Reuters’ Clyde Russell.Refinery rates went up to 14.85 million barrels daily last month, the report also said, which was an 8.9% increase from July 2024, but at the same time, it was a 2% decline from June 2025. The utilization rate at Chinese refineries, however, rose both on an annual and on a monthly basis, reinforcing the perception of an improvement in demand.Reuters’ Russell noted that China…

Oil majors are betting big on liquified natural gas (LNG), throwing down the gauntlet to predictions of peak gas by the end of the decade. Britain’s Shell , a leading player in the global LNG market, has identified the super-cooled commodity as a primary focus amid the energy transition. France’s TotalEnergies said it expects LNG volumes managed by the company to grow by 50% between 2023 and 2030, while BP , which recently doubled down on fossil fuels as part of a green strategy U-turn , has significant LNG investments. Stateside, Exxon Mobil is seeking to double its LNG portfolio…

Duolingo CEO Luis von Ahn said his language learning platform does not intend to lay off any full-time employees because of AI.”We’ve never laid off any full-time employees. We don’t plan to,” von Ahn told The New York Times in an interview published Sunday.von Ahn said Duolingo relies on contractors for “temporary tasks,” and that their numbers go “up and down depending on needs.” He added that the work done by Duolingo’s engineers will likely change in the next five years because of AI.”They may not be doing some rote tasks anymore. What will probably happen is that one person…

PESHAWAR, Pakistan (AP) — Rescuers are looking for more than 150 people who were still missing on Monday in northwestern Pakistan, where scores died after the area was struck by a cloudburst. A senior politician blamed locals for the high death toll, saying people should have built their homes elsewhere.Search operations have been extended to remote areas to find residents swept away by floods that hit the mountainous district of Buner in Khyber Pakhtunkhwa province on Friday, said emergency services spokesman Mohammad Suhail. The army has deployed engineers and heavy machinery to clear the rubble.The death toll in Buner reached…

The artificial intelligence boom has brought with it hundreds of billions of dollars in investments and promises of economic growth . But the infrastructure required is demanding massive amounts of energy and resources. One lesser-known example of that dilemma can be found in the southern tip of Malaysia, which has quietly become one of Southeast Asia’s fastest-growing data center hubs amid the heightened compute demands of AI. The country’s state of Johor — with a population of about 4 million people — has attracted billions’ worth of projects for such data centers in recent years , including from many of…

(World Oil)– Canadian oil sands companies have found a way to ramp up production in the face of oil prices: curtailing lengthy repairs to equipment.   Canadian Natural Resources Ltd., Imperial Oil Ltd. and others are extending maintenance cycles to two-years from one, which saves on capital expenditure, increases output and effectively offsets declining profits from crude prices that have fallen 11% in the past year. Suncor Energy Inc., meanwhile, completed a major coke-drum replacement at its Base Plant more than 3 weeks faster than planned, allowing the company to cut capex guidance by C$400 million in 2025. The efficiency…