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Chevron will slow the pace of its share buybacks, as falling crude prices hit the oil major’s first-quarter profit.U.S. crude oil prices have dropped about 18% this year as President Donald Trump’s tariffs are expected to weigh on demand at the same time OPEC+ plans to pump more supply into the market.The oil major said it plans to repurchase $2.5 billion to $3 billion of its own stock in the second quarter, which is lower than the $3.9 billion it bought back in the first quarter. Chevron, however, is maintaining its overall guidance of $10 billion to $20 billion of repurchases…

Indian fuel retailer Bharat Petroleum Corp Ltd expects a net gain of $20 to $30 a metric ton on delivery of U.S. liquefied petroleum gas through swap deal with Middle Eastern suppliers, its head of finance said on Friday.BPCL, India’s second-biggest state refiner, is in talks with suppliers to swap contracted Middle Eastern cargo with U.S. supplies, Vetsa Ramakrishna Gupta told analysts. A U.S.-China tariff war has widened the price gap between Middle Eastern and U.S. LPG and upended trade routes.China has imposed duties on goods from the U.S. in response to tariffs imposed by the U.S. on imports from…

A new report from TraceGains shows that many food and beverage brands are falling behind in modernizing their supply chains, even as they face rising economic pressure, compliance demands, and material shortages. Based on a survey of 165 supply chain, R&D, quality, and innovation leaders, the report reveals that 69% still rely on outdated manual processes like spreadsheets and email. In contrast, just 6% have fully digital systems in place. What’s Related“The clock is ticking for food and beverage brands plagued by outdated ERP software and slow-moving consulting models that no longer serve the needs of today’s market,” said Paul…

The Bank of England (BoE) announced today a series of proposals strengthening its expectations for banks’ and insurers’ management of climate-related risks, after finding that while improvements in this area have been made over the past few years, “progress is uneven and more needs to be done.” The new proposals would update the BoE’s initial 2019 supervisory expectations for firms’ management of climate-related risks, Supervisory Statement 3/19. The central bank signaled last year that it would begin work on updating the expectations, based on its learnings over the past five years. According to the BoE’s Prudential Regulatory Authority (PRA), its…

At 10:53 GMT, Light Crude Oil Futures are trading $58.93, down $0.31 or -6.52%. OPEC+ Output Plans and US-China Tensions Pressure Sentiment Crude prices are on track for a 7% weekly loss, reflecting mounting concerns over weaker global demand. Traders remain cautious ahead of a key OPEC+ meeting set for May 5, where several members are expected to push for accelerated production hikes into June. Reports suggest Saudi Arabia is signaling no intent to support prices with fresh supply cuts, further adding pressure to the downside. On the demand front, skepticism persists around potential US-China trade negotiations. China’s Commerce Ministry…

Strong winds and flooding spread across New Zealand last week, with a state of emergency declared in Christchurch, after the country was battered by a destructive area of low pressure. A red warning, the highest warning level, was issued by the MetService (the national meteorological service).The area of low pressure quickly deepened in the Tasman Sea off the west coast of New Zealand and travelled eastwards, with the centre of low pressure moving across the northern island and creating very strong winds, particularly through the Cook Strait, the body of water that separates the two islands. The wind direction was…

A glut of early strawberries, aubergines and tomatoes has hit Britain with the dry, warm weather eliminating the usual “hungry gap”, growers say.It has been a sunny, very dry spring, with the warmest start to May on record and temperatures predicted to reach up to 30C at the earliest point on record, forecasters have said.Nick Haigh, a grower at the Community Farm south of Bristol, said many of their Mediterranean vegetables had come weeks earlier than expected.“It feels like it’s the middle of May already,” he said, “We have loads and loads of crops right now, tomatoes, aubergines, cucumbers, peppers,…

When John Hamill was just starting as an attorney, his firm’s partners would hand back paper drafts with their suggestions scribbled in the margins.Then Microsoft changed the game with track changes in Word, Hamill said.Now, the commercial litigator said the legal profession is again changed with generative artificial intelligence.At DLA Piper, where he helps train young attorneys as part of leading the firm’s affirmative litigation practice, Hamill encourages his team to use “the latest and greatest software” to sharpen their writing skills and think outside the box.”Some of the tools that are now available on the market can give pretty…

On the manicured lawns outside Building 21 on Meta’s sprawling Menlo Park headquarters, live llamas meandered with languid indifference, drawing clusters of developers who momentarily abandoned technical discussions for selfies with the stoic, woolly ambassadors of Meta’s family of large language models.Inside Building 21, I shivered. The cavernous auditorium’s air conditioning was cranked up high. Mood lighting bathed the space in Meta’s signature blue shade, and dance music blasted from speakers, lending a nightclub ambiance to the event that clashed oddly with the earnest, tech-focused agenda.”Rise and shine!” a Meta PR person chirped as I took a seat. This was…

By Irina Slav – May 02, 2025, 2:00 AM CDT Oil prices temporarily increased due to reports of potential tariff negotiations between China and the US, but both Brent and WTI crude benchmarks are still expected to end the week with a loss. Saudi Arabia’s changing stance on oil prices and production levels, along with OPEC+’s potential adjustments to output, have contributed to market uncertainty and price volatility. Despite a temporary surge in prices, the overall market sentiment remains cautious due to ongoing trade tensions and concerns about global demand and supply dynamics in the oil sector. Crude oil…