Author: omc_admin
The German-Canadian lithium producer Rock Tech Lithium is reorganising its top management. The company has appointed Mirco Wojnarowicz as Chief Executive Officer with immediate effect. Dirk Harbecke, who has served as interim CEO since 2022, will remain Chairman of the Board of Directors and, as Rock Tech’s largest shareholder, will also ensure continuity of leadership and strategic oversight. “We are delighted that Mirco has accepted our offer to become CEO. He is anexceptional individual who has already delivered key milestones as VP Business Development over the past 3 years. He is a very inclusive leader with significant global lithium industry…
Toyota has updated its all-electric SUV for 2026 in the US, dropping the ‘4X’ from its name while introducing faster charging, a longer range of up to 314 miles, and improved performance. The model will reach dealerships across the US in the second half of 2025. The most notable change is the increase in driving range, with the new bZ capable of up to 314 miles (EPA figures pending) in the XLE FWD Plus variant, thanks to a larger 74.7-kWh lithium-ion battery. Other battery options include a 57.7-kWh pack, bringing the entry-level model’s range to around 236 miles. Charging efficiency…
General Motors and battery partner LG Energy Solution are planning to start commercial production of lower-cost cells for future electric vehicles at a U.S. facility starting in 2028, the companies said on Tuesday.The cells will have a lithium manganese-rich (LMR) chemistry, which GM says is lower cost than the nickel-rich cells used today, but will still give customers the range they want in future electric trucks and full-size SUVs. The cells will also be prismatic versus the current pouch structure, reducing the number of parts in the battery pack by more than 50%, according to GM.The…
(World Oil) – Slowing global oil demand amid extreme uncertainty about the future of U.S. trade and a coming supply surplus are expected to hobble U.S. oil production growth later this year and could lead to an annual decline in output in 2026, according to a new analysis by S&P Global Commodity Insights. The latest update to the S&P Global Commodity Insights Global Crude Oil Markets Short-term Outlook—the first since the April 2 announcement of U.S. tariffs—now expects global oil (total liquids) demand growth to average 750,000 barrels per day (bpd) in 2025, a downward revision of 500,000 bpd from…
ZENRG Services, Inc., the nation’s leading provider of recompression services for the energy sector and T.D. Williamson (TDW), a global leader in pipeline technology and services, announce a Strategic Alliance Agreement. This partnership combines the specialized expertise of both companies to deliver comprehensive cross-compression services. The alliance integrates ZENRG’s industry-leading cross-compression capabilities with TDW’s extensive pipeline service offerings, including hot tapping and isolation, pigging, in-line inspection and repair. Both organizations share an unwavering commitment to safety and operational excellence, enabling customers to achieve project objectives while maintaining product in the pipeline—enhancing both safety and environmental performance. “Since our founding at…
(Bloomberg) – Brazil’s state-controlled oil producer Petrobras approved dividends slightly below expectations amid a trade war that has created economic uncertainty and undermined oil prices. Petrobras will pay $2.1 billion USD (11.72 billion reais) in first-quarter dividends, it said in a filing Monday. Expectations were for a $2.2 billion payout, according to an average of six analyst forecasts reviewed by Bloomberg. Brazil’s oil giant has been showering shareholders with robust dividends even though the policy has come under political attack and contributed to the downfall of the company’s previous chief executive officer last year. Investors have been concerned…
Climate campaigners in the Netherlands have promised to take Shell to court for a second time to force the energy company to stop developing new oil and gas projects.In a letter to Shell, the Dutch climate non-profit Milieudefensie vowed to take legal action because the company has 700 oil and gas projects in development that will continue to drive up carbon emissions despite efforts to slow global heating.It revealed its plan to return to the Dutch courts six months after the oil company successfully overturned a ruling in favour of the green group that called on Shell to reduce its…
(Investing) – HOUSTON -U.S. futures climbed more than $1 a barrel on Tuesday as the White House announced Saudi Arabia’s plans to invest $600 billion in the United States. futures rose 88 cents, or about 1.35%, to $65.84 a barrel by 1417 GMT. U.S. West Texas Intermediate (WTI) crude was up $1.13, or about 1.82%, at $63.08. The two benchmarks rose by about 4% or more in the previous session after the U.S. and China agreed on sharp reductions to tariffs for at least 90 days, which also boosted Wall Street stocks and the dollar. U.S. President Donald Trump was visiting…
Oil prices jumped 3% on Tuesday after the U.S. and China agreed to a 90-day pause on new tariffs, easing fears of another front in the global trade war and improving the outlook for economic growth—and by extension, oil demand.Brent crude was last trading at $66.79, up $1.83 (+2.82%) in afternoon trade, while WTI climbed to $63.85, a gain of $1.90 (+3.07%). The rally marks a strong reversal from earlier this month, when prices slumped on supply pressure and weak macro sentiment.The tariff reprieve gives both sides room to de-escalate, but analysts warn that the core issues—especially U.S. demands on…
(Bloomberg) – Ghana is encouraging investors to get the country’s crude out of the ground to avoid the assets from getting stranded amid a global decarbonization push. The government is ready to roll out the “red carpet” to any investor prepared to drill and pump crude, President John Mahama said at the Africa CEO Forum in Abidjan, Ivory Coast’s commercial capital, on Tuesday. “Oil is in transition and so anybody who has any assets should be pumping like there’s no tomorrow,” he said. Oil output in Ghana fell for the past five consecutive years, mainly due to a…