Author: omc_admin
(BOE Report) – China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data showed, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating. China’s new interest in Canadian oil comes as U.S. President Donald Trump’s trade war has strained relations between longtime allies Washington and Ottawa. It also reflects the impact of U.S. sanctions on crude from countries like Russia and Venezuela. Canada is the world’s fourth-largest oil producer, but its main oil-producing province of Alberta is landlocked with limited access to…
Occidental and its subsidiary 1PointFive today announced an agreement with XRG, ADNOC’s investment company, to evaluate a potential joint venture to develop a Direct Air Capture (DAC) facility in South Texas. As part of the joint venture, XRG will consider investing up to $500 million for the development of a DAC facility designed to capture 500,000 tonnes of carbon dioxide per year. The Strategic DAC Framework Agreement was signed by Occidental President and CEO Vicki Hollub and ADNOC Group CEO Dr. Sultan Ahmed Al Jaber, during U.S. President Donald J. Trump’s state visit to the United Arab Emirates.…
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Billionaires are no strangers to extensive real estate portfolios, and many of them are building their own Doomsday bunkers.Shall we count Mark Zuckerberg among them? If you ask him, no.The Meta CEO said on a recent episode of the podcast “This Past Weekend w/ Theo Von” that he does “have an underground tunnel” at his ranch on the Hawaiian island of Kauai, though he resisted characterizing it as a bunker.”There’s this whole meme about how people are saying I built this, like, bunker underground. It’s like more of underground storage type of situation,” Zuckerberg said. “It’s sort of a tunnel that just…
In a rare and highly sensitive move, the United Nations Security Council (UNSC) convened behind closed doors to discuss the security situation between India and Pakistan following the deadly terror attack in Pahalgam last month. The attack claimed the lives of 25 tourists and a local pony ride operator, sparking outrage across India and concern in diplomatic corridors around the world. The meeting, held under strict confidentiality in accordance with Rule 48 of the Provisional Rules of Procedure of the UNSC, signifies the fragile regional security balance and the global concern about a potential escalation between the nuclear-armed neighbours. While…
(Oil Price) – The United States is looking to close all loopholes Iran is using to sell its oil to China and warned Hong Kong-based banks last month against facilitating Iranian oil sales to Chinese buyers, Bloomberg reported on Friday, citing unnamed sources with knowledge of the development. In early April, a delegation from the U.S. Department of the Treasury visited Hong Kong, met with bankers in the city, and warned them against allowing Iran to use their services to facilitate payments in the Iran-China oil trade. The U.S. Treasury officials asked the banks to do thorough due diligence to uncover the ultimate…
Occidental and its subsidiary 1PointFive today announced an agreement with XRG, ADNOC’s investment company, to evaluate a potential joint venture to develop a Direct Air Capture (DAC) facility in South Texas. As part of the joint venture, XRG will consider investing up to $500 million for the development of a DAC facility designed to capture 500,000 tonnes of carbon dioxide per year. The Strategic DAC Framework Agreement was signed by Occidental President and CEO Vicki Hollub and ADNOC Group CEO Dr. Sultan Ahmed Al Jaber, during U.S. President Donald J. Trump’s state visit to the United Arab Emirates.…
The EU is already working on the 18th sanctions package against Russia, which will include a lower price cap, sanctions on the Nord Stream 1 and 2 gas pipelines, more shadow fleet tankers designated, and additional sanctions on the Russian financial sector, European Commission President Ursula von der Leyen said on Friday. Representatives of the EU’s 27 member states have just approved the 17th package of sanctions package against Russia, targeting another nearly 200 tankers of the shadow fleet Russia uses to ship its oil to markets. The 17th sanctions package is expected to be officially endorsed and adopted by a meeting…
A federal judge in Texas struck down guidance from a government agency specifying protections against workplace harassment based on gender identity and sexual orientation.Judge Matthew J. Kacsmaryk of U.S. District Court for the Northern District of Texas on Thursday determined that the U.S. Equal Employment Opportunity Commission exceeded its statutory authority when the agency issued guidance to employers against deliberately using the wrong pronouns for an employee, refusing them access to bathrooms corresponding with their gender identity, and barring employees from wearing dress code-compliant clothing according to their gender identity because they may constitute forms of workplace harassment. Kacsmaryk said…
New ESG Strategy: The iShares MSCI World Utilities Sector Advanced UCITS ETF (WUTS) offers ESG-integrated exposure to 51 utility stocks across 23 developed markets. Carbon & Fossil Fuel Cuts: The fund targets a 30% reduction in carbon emissions and fossil fuel reserve exposure versus the parent index. Performance Volatility: Despite strong 2023 returns (+3.6%), the ESG-tilted index has underperformed its parent over the past decade. BlackRock has expanded its sustainable investment suite with the launch of the iShares MSCI World Utilities Sector Advanced UCITS ETF (WUTS), now trading on Euronext Amsterdam. The ETF integrates ESG metrics while targeting global utility…