Author: omc_admin
Global oil markets are facing a period of short-term pressure as production swells, but Canadian energy fund manager Eric Nuttall says the groundwork is already being laid for the next major bull market in crude.Speaking to BNN Bloomberg, Nuttall, a partner at Ninepoint Partners, said he remains bearish on oil for the remainder of 2025 as inventories rise and new supply comes online. But he expects a powerful reversal in 2026 as the market absorbs spare OPEC+ capacity and balances the influx of new production from South America.“We have a surge of OPEC production between now through September,” he told…
BP’s 440,000-barrel-per-day Whiting refinery in Indiana is in the process of restarting after severe flooding disrupted operations earlier this week, Reuters reported on Wednesday, with industry monitor IIR saying it would take several days to fully ramp the plant up, with full capacity expected by early next week. The outage followed a powerful thunderstorm that caused flooding and led to visible flaring. While IIR provided a projected restart schedule, BP has declined to comment on the refinery’s timeline, Reuters reported.Located on the southern shore of Lake Michigan, the Whiting complex is the largest refinery in the U.S. Midwest, processing 440,000 barrels…
Apple loomed large at Google’s NYC event.At “Made By Google 2025,” the company debuted its Pixel 10 and Pixel Watch 4. It also took several shots at Apple, with apparent references to the rival’s AI delays, iPhone camera quality, and the green vs. blue text bubble debate.The event began with a conversation between host Jimmy Fallon and Rick Osterloh, Google’s SVP of platforms and devices. Fallon asked about AI for phones — and Osterloh took a quick dig at Apple in his response.”There has been a lot of hype about this, and frankly, a lot of broken promises too, but…
The U.S. Interior Department on Tuesday released its offshore leasing schedule under Trump’s One Big Beautiful Bill, garnering support from several energy sector agencies. “A predictable leasing schedule means more American energy, more American jobs, and stronger U.S. security,” said Energy Workforce President Tim Tarpley. “Offshore development doesn’t just power the Gulf, it powers the entire nation. Every single state benefits from the supply chains, workforce, and revenue that come from offshore energy. With this schedule in place, America can keep leading, keep investing, and keep energy affordable.” “This week’s announcement restores the stability needed to keep America’s offshore…
The U.S. Interior Department on Tuesday released its offshore leasing schedule under Trump’s One Big Beautiful Bill, garnering support from several energy sector agencies. “A predictable leasing schedule means more American energy, more American jobs, and stronger U.S. security,” said Energy Workforce President Tim Tarpley. “Offshore development doesn’t just power the Gulf, it powers the entire nation. Every single state benefits from the supply chains, workforce, and revenue that come from offshore energy. With this schedule in place, America can keep leading, keep investing, and keep energy affordable.” “This week’s announcement restores the stability needed to keep America’s offshore…
Russia’s Far East is grappling with acute fuel shortages after a new wave of Ukrainian drone strikes forced multiple refineries offline, squeezing supplies just as seasonal demand rises.According to The Moscow Times, queues have formed at filling stations in Khabarovsk and Primorsky regions, with some depots rationing gasoline as refiners halt operations for repairs. The outages come on top of cumulative damage that has sidelined nearly 13% of Russia’s refining capacity in recent months.Ukrainian outlets including NV.ua reported that Moscow has extended limits on refined product exports in a bid to stabilize domestic availability, while retail fuel prices are already…
Building a competitive moat in the AI era isn’t easy.AI is advancing so quickly that many companies struggle to plan more than a few months ahead, making it difficult to build a lasting advantage.OpenAI CFO Sarah Friar has three key tips for companies looking to stand out.First order of business is for companies to ask themselves whether they’re solving a real problem, she said on CNBC’s Squawk Box on Wednesday. “It sounds really trite, but sometimes I think people try to solve problems that don’t really exist in the world.”Instead, they should focus on automating complicated tasks that are necessary…
Strohm has won a contract to supply four TCP Jumpers for installation in a deepwater field offshore Malaysia. The end customer is a major Southeast Asian operator with international exploration projects. The contract was awarded via Dynamic Ocean Sdn Bhd (DOSB), which holds the required license to operate in Malaysia on behalf of Strohm. The large bore TCP Jumpers with internal diameters (ID) in excess of 7 in are collapse resistant in vacuum conditions and will be used for gas production. This represents a significant technological advancement in the use of non-metallic pipes in deepwater environments. The four…
A professional solar panel crew installs panels on the roof of a house in Washington state, USA. getty In 2024, rooftop solar was the fastest-growing source of electricity worldwide, according to data from the U.S. Energy Information Administration. Yet many homeowners still hesitate because of cost, myths and confusion about how the technology actually works. With electric utility rates climbing in most markets, the question is whether you can afford not to understand this fast rising technology. Solar is no longer just an environmental choice, it is a financial strategy that shields households from rising utility costs while adding long-term…
The pilot aims to establish a functioning ecosystem and value chain for synthetic fuel production in Finland. The EU’s sustainable aviation fuel (eSAF) blending mandate creates an opportunity for Finland to become a significant producer of synthetic fuels in the future. Finnish company Liquid Sun is launching a globally unique pilot project to produce renewable, sustainable aviation fuel (eSAF) from biogenic CO₂ emissions. Originating from research at Tampere University, Liquid Sun has developed an innovation based on low-temperature electrolysis (LTE) technology that converts CO₂ emissions and renewable hydrogen into eSAF. For this pilot, Liquid Sun has partnered with Finnair, ABB,…