Author: omc_admin

Instagram’s got a new pitch for creators: Get paid for bringing people to the app.The Meta-owned app has been quietly testing a program that pays creators for driving people to the app, the company confirmed to Business Insider.The program, called “Referrals,” is an invite-only, limited test that pays US-based creators when people visit Instagram or sign up for a new Instagram account from links shared by the creator.There are two ways creators can earn money, capped at $20,000, from Instagram’s referrals:Some creators will be able to earn $100 for every eligible new user who signs up for an Instagram account.Other…

Why Gold Looks Like the Big Winner In today’s environment of fiscal erosion, rising yields and mounting geopolitical risk, Gold is once again asserting itself as the world’s most trusted store of value. With the U.S credit rating downgrade, on-going global trade tariffs, unpredictability of interest rates from the Fed and elevated geopolitical risk, one thing is clear: Uncertainty is here to stay. As GSC’s Head of Trading, Phil Carr, put it: “When risk rises, Gold rises faster.” Today’s macro environment is presenting savvy traders with opportunity on top of opportunity. That’s exactly why a long list of the world’s…

Daily Natural Gas Natural gas futures plunged 6.7% to $3.111 per MMBtu on Monday as market sentiment turned sharply bearish due to a lack of meaningful early-summer demand. Weather models continued to forecast below-normal cooling degree days (CDDs) through early June, limiting any support from heat-driven consumption. Heating demand remains slightly above average, but this late in the season, it holds minimal impact on pricing. Production levels are steady, and broader demand sentiment is being further undermined by concerns over renewed U.S. trade tariffs, which could pressure industrial gas use. Without a catalyst from either side of the balance sheet,…

India has invoked emergency measures that require gas-fired power stations to produce more in order to ensure uninterrupted electricity supply during the summer season, as soaring temperatures boost demand. The nation’s grid controller will assess the periods of high demand when the gas-based plants will be required to generate electricity, according to a power ministry order seen by Bloomberg. The units will get a two-week notice, giving them enough time to arrange fuel, the order said. India’s gas-fired power facilities, with a combined capacity of more than 20 gigawatts, operate at about a fifth of their full potential as they…

(World Oil) – Utilizing scientific and engineering analysis, the Railroad Commission of Texas has issued new guidelines that further strengthen permitting of disposal wells in the Permian basin. In order to further enhance the integrity of the underground disposal of produced water, new requirements will be implemented for saltwater disposal well (SWD) permit applications in the region. Produced water is a byproduct of oil and gas production and is injected into SWDs. New and amended permit applications in the Permian basin will now be evaluated based on three primary factors: An expanded area of review (AOR) at the injection site;…

Subsea7 has been awarded a contract by the operator ConocoPhillips Skandinavia AS (ConocoPhillips) for a front-end engineering and design (FEED) study for the Previously Produced Fields (PPF) development project, offshore Norway. The project is granted under a new Framework Agreement between ConocoPhillips and Subsea7. The FEED study will finalize the technical definition of the proposed subsea development. Work will commence immediately in Subsea7’s office in Norway. If the development project passes final investment decision and is approved by the authorities, the operator can exercise an option to a large1 award of the subsea structures, umbilicals, risers and flowlines (SURF)…

Oil ended the session slightly higher following a volatile day of trading as investors look for clues about Russia-Ukraine truce talks and a potential nuclear deal with Iran. Brent futures traded higher to settle near $65.50. West Texas Intermediate also rose. US President Donald Trump said that Ukraine and Russia would begin talks “immediately” on ending their war after a phone call with Russian President Vladimir Putin on Monday. “I suppose with expectations set so low, any progress toward a ceasefire is being seen as a modest positive for negotiations — and slightly bearish for crude,”  said Rebecca Babin, a…

Violent clashes in Tripoli have forced shipping companies to divert vessels away from the capital’s port, raising concerns over the security of the country’s vital energy exports, Lloyds reported on Monday. The unrest erupted following the assassination of Abdel Ghani al-Kikli, commander of the Stability Support Apparatus (SSA), leading to fierce battles between rival militias. The Government of National Unity (GNU), led by Prime Minister Abdul Hamid Dbeibah, has repeatedly claimed that a ceasefire has been agreed; however, any ceasefires have been fleeting and followed by resumptions of inter-militia clashes in the streets of the western capital. While Libya’s oil production remains…

(BOE Report) – Oil and gas operators in North Dakota have indicated they plan to drop rigs and frac crews due to weaker oil prices, a move that is likely to impact output in the third largest U.S. oil producer, the state’s Department of Mineral Resources said on Friday. Oil producers have started to slow output, dropping rigs, as prices have fallen below $65, the price required to break even. North Dakota breakevens have historically been in the $55 to $60 a barrel range, said Nathan Anderson, director of the state regulator. “We’re expecting the rig count to soften just…

Logistics startup Stord has acquired Ware2Go, a third-party delivery company and subsidiary of UPS. This move gives Stord 21 more fulfillment centers and expands its network to over 30 sites across North America. What’s Related“This acquisition of Ware2Go is a strategic investment that expands our U.S. domestic footprint and capabilities while strengthening our partnership with UPS,” said Sean Henry, CEO and Co-Founder of Stord. “This partnership will allow us to deploy our technology across the Ware2Go network, enhance offerings for our joint customers, and combine our scale to be one of the largest fulfillment networks in North America.” Ware2Go adds…