Author: omc_admin

The other day, my family group chat lit up when I posed a question about whether it’s important to say “please” and “thank you” to ChatGPT when asking it to conduct a niche search or plan out an itinerary.My mother, ever a stickler for manners, said she makes a conscious choice to behave in this way. A choice she said she makes to “keep myself human.”Another loved one later admitted she’s been leaning on the chatbot for guidance as she navigates a tricky moment in her marriage.And I couldn’t resist my temptation to ask ChatGPT to evaluate how attractive I…

It’s no secret that the role of engineers is changing — and in some cases, shrinking.That’s not the case at Cisco, though, the company’s president and chief product officer, Jeetu Patel, told Business Insider in an interview — at least, not yet. The company has 27,000 engineers and is “unapologetically hiring” more, he said.”We feel more constrained now than ever before on not having enough engineers to get prosecuted all the ideas that we’ve got going internally,” Patel said.Patel isn’t denying that AI advancements will redefine the role of engineers, though. Cisco recently partnered with OpenAI for design testing on…

For the first time in two years, the government has reduced the price of natural gas used for producing CNG for vehicles and cooking gas, reflecting a decline in benchmark rates.The price of natural gas from legacy fields allocated to state-owned ONGC without auction has been reduced from USD 6.75 to USD 6.41 per million British thermal units (mmBtu), according to a notification from the Oil Ministry’s Petroleum Planning and Analysis Cell (PPAC). The reduction, which is the first since the government in April 2023 implemented a new formula to price such gas, will aid city gas retailers like Indraprastha…

This week in ESG news: Survey finds companies not in favor of process to reduce CSRD sustainability reporting requirements; SAP launches new suite of sustainability data tools; Microsoft buys low carbon building materials to help spur clean solutions markets; EU on track to reach 2030 climate goals; EBA proposes simplifying ESG reporting for banks; Watershed launches free emissions database to drive decarbonization efforts; Germany walks back call to scrap supply chain sustainability laws; Schneider Electric launches agentic AI-powered sustainability solutions initiative; Danske Bank shifts focus to transition finance; Snam attracts $10 billion order book for net zero-focused sustainability linked bond;…

Vienna: The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on May 31 to review global market conditions and outlook.In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on December 5, 2024 to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from April 1 2025, the eight participating countries will implement a production adjustment…

New Delhi: The domestic natural gas price has dropped to a two-year low of $6.41 per million British thermal units (mmbtu) for June, delivering a major boost to city gas companies and other users of price-regulated fuel.Cooking and transportation costs could ease if city gas distributors choose to pass on some of the benefit to end consumers.The price of domestic gas—also known as the Administered Price Mechanism (APM) price—is set monthly by the government based on the average crude oil price in the preceding month. A recent decline in crude prices has brought the June gas price down to $6.41…

KURT ABRAHAM, Editor-in-Chief  Fig. 1. This year’s IPAA Annual Meeting will be held at the historic Williamsburg Lodge. Image: IPAA. Now in its 96th year of representing U.S. independent producers and defending their interests in Washington, the Independent Petroleum Association of America (IPAA) is preparing to hold its Annual Meeting at the Williamsburg Lodge in Williamsburg, Virginia, June 17-19, Fig. 1. As such, it reflects a crucial time for U.S. independents but also a new chapter in the association’s Annual Meeting.  OVERVIEW  After the election of Donald Trump as the 47th U.S. President last November, his new administration…

Juneau: The Trump administration is sending three Cabinet members to Alaska this week as it pursues oil drilling in the pristine Arctic National Wildlife Refuge and reinvigorating a natural gas project that’s languished for years.The visit by Department of Interior Secretary Doug Burgum, Energy Secretary Chris Wright and Environmental Protection Agency Administrator Lee Zeldin comes after Trump signed an executive order earlier this year aimed at boosting oil and gas drilling, mining and logging in Alaska. It also comes amid tariff talks with Asian countries that are seen as possible leverage for the administration to secure investments in the proposed…

Oil marketing companies have reduced the price of 19 kg commercial LPG gas cylinders by ₹24, effective from June 1..With this revision, the retail price of a 19 kg commercial LPG cylinder in the national capital now stands at ₹1,723.50. This change follows an earlier cut of ₹41 on April 1, 2025.The reduction applies only to commercial LPG cylinders, which are widely used by restaurants, hotels, and other businesses. Domestic LPG cylinder prices, used in household kitchens, remain unchanged in the latest price update.Last month, the price of commercial LPG used in hotels and restaurants was lowered by ₹14.50 per…

Weekly US Dollar Index (DXY) The U.S. Dollar Index settled at 99.443 on May 30, up 0.339 points or 0.34% from the prior week. It touched a weekly high of 100.540 before easing slightly into the close. The firmer dollar added pressure to oil prices, making crude more expensive for buyers using other currencies. Despite the end-of-week pullback, the overall rise in the dollar served as a headwind, capping any upside potential for crude, even as U.S. inventories tightened. China and Eurozone Economic Data Reinforce Demand Pessimism China’s official manufacturing PMI rose modestly to 49.5 in May from 49.0 in…