Author: omc_admin
Google’s phones, tablets, and, yes, XR glasses are all about to be supercharged by AI.Google needs to seize this moment. Bank of America analysts this week even called Google’s slew of new AI announcements a “Trojan horse” for its device business.For years, Apple’s iOS and Google’s Android have battled it out. Apple leads in the US in phone sales, though it still trails Android globally. The two have also gradually converged; iOS has become more customizable, while Android has become cleaner and easier to use. As hardware upgrades have slowed in recent years, the focus has shifted to the smarts inside…
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A new Alabama study of hurricane-affected homes sends a clear message to insurers and homeowners nationwide: climate-resilient construction methods can protect homes, and save a lot of money. The first-of-its-kind analysis, released this week, reviews thousands of insurance claims linked to Hurricane Sally, which struck Alabama’s coast in 2020 with wind speeds up to 105 miles per hour. Homes retrofitted or built to Fortified standards, a voluntary construction code created by the nonprofit Insurance Institute for Building and Home Safety (IBHS) for wind and rain mitigation saw significantly fewer and less costly claims.If every impacted house in Mobile and Baldwin…
EU official says a trade deal ‘must be guided by mutual respect, not threats’ after the US president says talks with the bloc are ‘going nowhere’.The European Union has said it will defend its interests after United States President Donald Trump threatened to impose a 50-percent tariff on all goods from the 27-member bloc. The EU’s top trade official, Maros Sefcovic, said in a post on X that he spoke on Friday with US Trade Representative Jamieson Greer and Commerce Secretary Howard Lutnick on the issue. “The EU is fully engaged, committed to securing a deal that works for both,”…
(BOE Report) – Saudi oil giant Aramco is seeking investors in infrastructure, including pipelines, for its $100 billion Jafurah gas project, two people familiar with the matter told Reuters. The Jafurah project is key to Saudi Aramco’s ambitions to become a major global player in natural gas and to boost its gas production capacity by 60% by 2030 from 2021 levels. Jafurah, potentially the biggest shale gas project outside of the United States, is expected to begin output this year and ramp up to 2 billion cubic feet per day by 2030. U.S. shale gas production in 2024 was around 80…
New Delhi: India continues to offer one of the lowest domestic LPG prices globally, with Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries paying ₹553 per 14.2 kg cylinder despite a 58% increase in international prices, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said.Chairing the Consultative Committee meeting of the Ministry of Petroleum and Natural Gas in Manesar, Haryana, Puri informed that state-run oil marketing companies (OMCs) incurred a combined loss of ₹40,000 crore last year to keep LPG prices affordable. Regular consume₹currently pay ₹853 per cylinder, while PMUY consumers pay ₹553. The per-day cooking cost is approximately ₹6.8…
(Oil Price) – U.S. refining giant Phillips 66, which will close its LA refinery later this year, will lay off in December most of the workers at the plant, Reuters reports, citing sources with knowledge of the plans. Last October, Phillips 66 said it would shut down its refinery in the Los Angeles area in the fourth quarter of 2025, due to “market dynamics.” Approximately 600 employees and 300 contractors currently operate the Los Angeles-area refinery, Phillips 66 said when it announced the closure. “We understand this decision has an impact on our employees, contractors and the broader community,” Mark Lashier, chairman and CEO of Phillips…
(Oil& Gas 360) – Headlines Continuing To Paint A Bearish Oil & Natural Gas Picture During The Month Of May Are Keeping Steadily-Tightening, Temporarily Hidden. Wednesday’s main oil market headline was that U.S. inventory increased again. The main headline from Wednesday morning’s release of the Department of Energy’s (DOE’s) Weekly Petroleum Status Report was that “U.S. crude oil inventory increased again.” Commercial crude oil inventory increased 1.3 million barrels (mmb) last week to 443.2 (Figure 1, red line) adding to the 3.5 mmb increase the week before. Ignored is that 443.2 is 15.6 mmb less than 458.8 last week last year…
Year in and year out, LG’s C-Series OLEDs make it to the top of many recommendation lists. As someone who reviews TVs for a living, I’ve helped a few friends invest in one, and they’re always incredibly satisfied. The new C5 OLED is poised to continue that tradition, and for good reason.It’s a bit brighter than last year’s C4, has excellent color accuracy, and produces the kind of deep, inky black levels that OLED TVs are known for. It also boasts more AI features (as does everything nowadays) and a long-needed remote redesign.However, the changes to the C5 aren’t dramatic.…
WASHINGTON— U.S. Secretary of Energy Chris Wright issued an emergency order today to minimize the risk of blackouts and address critical grid security issues in the Midwestern region of the United States ahead of the high electricity demand expected this summer. Secretary Wright’s order directs the Midcontinent Independent System Operator (MISO), in coordination with Consumers Energy, to ensure that the 1,560 megawatt (MW) J.H. Campbell coal-fired power plant in West Olive, Michigan remains available for operation, minimizing any potential capacity shortfall that could lead to unnecessary power outages. The Campbell Plant was scheduled to shut down on May 31, which…