Author: omc_admin

Bullish Hammer Pattern There is a possible one-day bullish hammer reversal candle to be established today. If so, a breakout above today’s high confirms the pattern. It shows sellers being in control earlier in the day’s trading session as crude oil dropped below yesterday’s low and signaled a bearish continuation. But sellers could not maintain control and the price of crude subsequently advanced following a $56.67 low. Thursday’s trading range was relatively wide, from $56.67 to $59.33, and it occurred within a sharp three-day decline contained within a larger bearish trend. Therefore, it wouldn’t be surprising to see a day…

bp today announced an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America/Gulf of Mexico. bp drilled the exploration well in Green Canyon Block 584, located in western Green Canyon approximately 120 miles off the coast of Louisiana in 4,092 feet of water. The well was drilled to a total depth of 23,830 feet. The Far South co-owners are bp (operator, 57.5%) and Chevron U.S.A. Inc. (42.5%). Both the initial well and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs. Preliminary data supports a potentially commercial volume of hydrocarbons. This discovery in…

Woodside has entered into an agreement with Perenco to divest its Greater Angostura assets in Trinidad and Tobago for $206 million. The divestment is inclusive of Woodside’s interest in the shallow water Angostura and Ruby offshore oil and gas fields, associated production facilities and the onshore terminal. The transaction provides near-term cash flow to support ongoing investments and shareholder distributions and builds on the Australian asset swap announced in December 2024, further simplifying Woodside’s portfolio.1 Woodside CEO Meg O’Neill said the development of Greater Angostura was made possible by the support of the Government of Trinidad and Tobago,” O’Neill said.…

GROTON, Conn. (AP) — About 2,500 workers at Electric Boat shipyard in Connecticut plan to strike on May 18 if a tentative contract agreement is not reached with the submarine builder, the union president announced during a rally Thursday.About 300 union members cheered the announcement made by Bill Louis, president of the Marine Draftsmen’s Association-United Auto Workers of America, Local 571, The Day of New London newspaper reported. “We’re officially putting the company on notice that if we don’t have an agreement at 11:59 p.m., we strike at midnight May 18,” Louis told the union members, most of whom are…

Researchers from the Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab) along with international collaborators have brought us one step closer to harnessing the sun’s energy to convert carbon dioxide into liquid fuel and other valuable chemicals. In a recent publication in Nature Catalysis, the researchers debut a self-contained carbon-carbon (C2) producing system that combines the catalytic power of copper with perovskite, a material used in photovoltaic solar panels. This advance builds on over 20 years of research and brings the scientific community one step closer to replicating the productivity of a green leaf in nature.  This work is part of…

President Donald Trump said Thursday any country or person that buys oil or petrochemicals from Iran will not be allowed to do any business with the U.S. U.S. crude oil futures rose $1.11, or 1.91%, to $59.32 per barrel, while global benchmark Brent was up $1.15, or 1.88%, to $62.21 per barrel. Iran is one of the biggest oil producers in OPEC. “Any Country or person who buys ANY AMOUNT of OIL or PETROCHEMICALS from Iran will be subject to, immediately, Secondary Sanctions,” Trump said in a post on his social media platform Truth Social. “They will not be allowed…

GEP News & Resources Page 1 of 6 pages. 2025 Spend Forecast: Emerging Trends in Global Procurement March 6, 2025 Discover the key procurement trends and spend category insights that will shape 2025 with GEP’s latest report, offering strategic guidance to help businesses optimize their procurement strategies and navigate a rapidly evolving global market. Total Procurement Orchestration: The Key to Seamless, AI-Driven Sourcing February 27, 2025 Total procurement orchestration leverages AI-driven sourcing, automation, and low-code workflows to streamline procurement processes, enhance visibility, and empower strategic decision-making, transforming procurement into a seamless, data-driven, and collaborative function. Source link

In Sam Rainsy’s April 26, 2025 article, Wall Street: The Last Force That Can Still Restrain President Donald Trump, he paints a captivating but ultimately misleading picture: that the faceless forces of financial capital — embodied in Wall Street — stand as the last check on executive overreach. He points to market turbulence following Trump’s sweeping tariff announcements, Federal Reserve reshufflings, and aggressive “America First” measures as proof that Wall Street disciplines presidential overreach when traditional political institutions fail. His argument, however well-intentioned, rests on a fatally flawed premise: that markets, driven by immediate profit calculations, can serve as guardians…

Donald Trump signed 141 executive orders since returning to the presidency in January, including enacting steep tariffs, ending birthright citizenship, curbing DEI and “gender radicalism” in the military, and pardoning January 6 rioters.The US president promised in his inaugural speech that these orders would amount to a “complete restoration of America”.Here’s what to know about the major executive orders Trump signed in his first 100 days in office.Trade wars and the economyImplementing tariffs on imports from Mexico, China and CanadaThe orders: Trump signed three executive orders on 1 February placing tariffs on Mexico, China and Canada, to begin on 4…

French shipping giant CMA CGM has officially bought Air Belgium, taking over the struggling airline’s brand, four cargo planes, and 124 of its 401 employees. The move gives CMA CGM a stronger presence in Europe and adds a third air cargo hub in Belgium, joining its existing operations in France and the U.S. What’s RelatedCMA CGM confirmed the deal on April 30, stating that the newly acquired aircraft will continue to fly under the Air Belgium name from Brussels and Liège. “The functions of administrative, operational, ground, and flight staff, as well as cockpit crew (all aircraft categories combined), will…