Author: omc_admin

In today’s manufacturing world, the real problem isn’t material shortages. It’s the digital disconnect between original equipment manufacturers (OEMs) and suppliers. What’s RelatedOn one hand, OEMs are investing in expensive enterprise systems. On the other hand, many suppliers still run operations with clipboards, spreadsheets, and printed instructions taped to workstations. That misalignment creates missed deadlines, product recalls, and rising costs. When suppliers rely on manual methods while OEMs use complex digital tools, communication breaks down, traceability disappears, and quality suffers. McKinsey estimates that better collaboration across the supply chain could save up to $72 billion annually. But the industry can’t…

Crude oil prices rose on Monday, extending their rebound, supported by renewed optimism after the United States and China reported progress in trade negotiations over the weekend. That’s what Inki Cho, Financial Markets Strategist Consultant to Exness, said in a market analysis sent to Rigzone on Monday, adding that the constructive tone from both sides lifted market sentiment, as easing tensions between the world’s two largest oil consumers could support global demand expectations. “However, despite the rebound, crude prices remain vulnerable to near-term volatility due to limited clarity from the talks and persistent global macroeconomic uncertainties,” Cho warned. In a note…

WhiteHawk Energy and WhiteHawk Income Corporation have entered into a definitive agreement to acquire PHX Minerals Inc. in an all-cash transaction of $4.35 per PHX share, for a total of approximately $187 million, including its debt. Through the acquisition, WhiteHawk will add approximately 1.8 million gross unit acres of premier natural gas mineral and royalty assets, significantly expanding its footprint in the core of the Haynesville Shale in East Texas / North Louisiana and diversifying its portfolio into the SCOOP / STACK region in Oklahoma, the company said in a news release. After the close of the transaction, WhiteHawk will…

The European Central Bank (ECB) released a new opinion on the European Commission’s proposals to simplify and reduce sustainability reporting and due diligence requirements for companies. While welcoming the goal of simplifying requirements for companies, the ECB warned that some of the Commission’s plans could significantly increase risks for investors, the economy and the EU’s sustainability goals. Among the key recommendations in the central bank’s opinion was a proposal to significantly limit the planned reduction in scope of the companies covered by the EU’s Corporate Sustainability Reporting Directive (CSRD), with the ECB recommending mandatory sustainability reporting requirements for companies with 500 or…

HubSpot CEO Yamini Rangan has a method to avoid the “Sunday scaries” — starting her workweek early.”I’m not scared of Sundays,” Rangan said on a recent episode of the Grit podcast. “I enjoy it because it’s my time. I get to decide what I’m learning, what I’m doing, what I’m thinking, what I’m writing. It is completely my schedule. I have nothing else to disturb me except my own thoughts.”Rangan said there hasn’t been a weekend in the past fifteen years that she hasn’t been working, though she hedges that it’s not always particularly grueling. “I can’t claim that I…

Global oil demand in early May indicates a tepid year over year growth, analysts at J.P. Morgan, including Natasha Kaneva, Head of Global Commodities Strategy at the company, said in a research note sent to Rigzone by the JPM Commodities Research team on Thursday. “The final figures for global liquids demand in 1Q25 aligned with our forecast, increasing by 1.6 million barrels per day year over year,” the analysts said in the note. “Preliminary data for April indicate consumption was flat with last year’s levels and 500,000 barrel per day below our expectations. The weakness appears to have extended into…

Peer Robotics and CaPow are joining forces to help warehouse and factory robots work without stopping to charge. The partnership combines Peer’s mobile robots with CaPow’s power system, which lets the robots charge while they’re on the move without needing to plug in or stop working. What’s RelatedPeer has already added CaPow’s tech to two types of its robots, allowing them to stay in motion all day. “At Peer, we are committed to developing efficient and simple industrial automation systems that drive meaningful results,” said Rishabh Agarwal, CEO of Peer Robotics. “By teaming up with CaPow, we’re providing a comprehensive…

US-China Tariff Pause Fuels Crude Rally The rally gained momentum after both countries announced a 90-day suspension of 24% ad valorem tariffs on each other’s goods, a move that has lifted expectations for renewed trade flows and stronger demand from the world’s top two oil consumers. The agreement, reached during trade talks in Geneva over the weekend, sent crude prices climbing more than $2 in Asian trading. Market sentiment was already on firmer ground after WTI and Brent each posted over 4% weekly gains, breaking a six-week losing streak. Friday’s price action was boosted by a separate U.S.-UK trade agreement,…

Salesforce chair and CEO Marc Benioff says angel investing is a “side hustle.” His returns say otherwise.Benioff — who shared his investing strategy with Business Insider in an interview — has backed some of Silicon Valley’s biggest winners.Salesforce Ventures has $6.8 billion under management and has deployed $600 million of its $1 billion Generative AI Fund, including a first-quarter investment in Anthropic, according to a spokesperson. One of its biggest wins is the cybersecurity startup Wiz, which recently sold to Google for a whopping $32 billion. Salesforce Ventures, which first invested in Wiz’s Series B in 2021, will make roughly…

Behind every great company, there was a prescient early investor who planted the seed that helped it grow into a redwood.For Facebook, that investor was Peter Thiel. For DoorDash and Opendoor, it was Keith Rabois.Seed-stage investors arguably have the hardest job in venture capital. They often write a check after hearing just the smallest kernel of an idea, long before there is even a product. But with the greatest risk comes the biggest reward, and some small checks have turned into life-changing fortunes.”At the earliest stages, it’s truly all about the founder,” said Gokul Rajaram, who made his debut on…