Author: omc_admin
It’s the time of year when Microsoft employees start finding out about pay raises and bonuses, and hundreds of them are sharing information about their compensation in a spreadsheet viewed by Business Insider.The document has more than 850 self-submitted entries and counting, and includes how much these Microsoft employees report making in salary, bonus, and stock awards.The competitiveness of Microsoft’s pay is particularly important now as it tries to lure top AI engineers and researchers to keep up the momentum that’s fueling its record earnings.Microsoft is going after Meta’s AI talent with multimillion-dollar offers and released new pay guidelines this…
Pictured above: A Lukoil oil tanker (Bloomberg) – Russia expects India to continue buying its oil, a senior official said, even as the South Asian nation faces higher U.S. tariffs and harsh criticism from Trump administration officials for the trade. U.S. President Trump has imposed a 25% tariff on Indian goods and threatened to double it to 50% on Aug. 27 India’s imports of Russian crude are likely to stay at current levels, Evgeny Griva, the deputy trade representative of Russia in India, told reporters in New Delhi on Wednesday. The remarks come amid rising tariff tensions between…
Oil rose after a weekly report from the Energy Information Administration showed a 6 million-barrel decline in US inventories. Traders continued to monitor negotiations to end Russia’s war against Ukraine. West Texas Intermediate futures for both the September and October contracts edged higher, with the more-active October contract rising to settle near $63 a barrel. Brent futures strengthened to settle near $67 a barrel. “All and all this is modestly bullish,” said Rebecca Babin, a senior energy trader at CIBC Private Wealth Group, said of the US stockpile drop. “But not enough to change the minds of the permabears out…
Marks the first full carbon removal cycle using Canadian-developed DAC technology. Demonstrates Quebec-based Skyrenu’s potential to deliver low-cost, scalable CO₂ capture. Positions Canada as a leader in carbon removal commercialization and climate tech innovation. Deep Sky, a Montreal-based carbon removal project developer, has achieved a breakthrough in North America: the first underground CO₂ storage via Direct Air Capture (DAC). The milestone was reached at Deep Sky Alpha, Canada’s carbon removal commercialization hub in Innisfail, Alberta, using technology from Quebec-based Skyrenu. Skyrenu’s DAC unit captured carbon directly from the atmosphere, and in partnership with Deep Sky, permanently stored it underground—completing the…
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…
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…
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…