Author: omc_admin
Bounce Completes First Phase In addition to indications from the 20-Day MA, the top of the rally at $65.32 was a test of prior long-term support (red highlight) as resistance and signs of resistance were clear. The trend high day last Wednesday ended with a bearish engulfing pattern. It was followed by a minor rally that found resistance around the 20-Day MA yesterday, but at a lower price since the line continues to fall. Lower Support Levels Crude oil looks certain to test an interim swing low and 50% retracement at $60.40 and $60.27, respectively. And it may still do…
Petro-Victory Energy Corp. has completed its previously announced acquisition of Capixaba Energia LTDA, a producing oil and gas asset, generating substantial free cash flow, in the Espírito Santo Basin. The acquisition was completed in partnership with BlueOak Investments, Petro-Victory’s strategic financial partner. This acquisition, originally announced on March 6, 2025, marks the first successful transaction under the Petro-Victory and BlueOak partnership, reinforcing their shared commitment to unlocking value in Brazil’s energy sector. “The closing of the Capixaba Energia acquisition marks a major milestone for Petro-Victory and a testament to the strength of our strategic partnership with BlueOak Investments,” said Richard F. Gonzalez, CEO of Petro-Victory. “This…
Andre Watson, CEO and founder of Ligandal, joined ESG News at the World Economic Forum to share insights on a new frontier in precision medicine: targeted drug delivery. With a background in biomedical engineering and nanoscience, Watson is leading efforts to solve a fundamental challenge in modern healthcare—how to direct therapies like CRISPR and mRNA to specific organs and tissues with precision. Most existing technologies, he explains, lack the ability to reach the intended destination within the body, often leading to side effects or ineffective outcomes. Ligandal is developing a platform that addresses these logistical gaps, aiming to enable therapeutic…
Oil dropped as the global trade war hurt the outlook for demand, with data indicating signs of strain in the US economy. West Texas Intermediate slipped 2.6% to settle around $60 a barrel, the lowest close in more than two weeks. The widely referenced US consumer confidence gauge weakened significantly in data released Tuesday, another sign of the pessimism stemming from President Donald Trump’s levies. Additional reports due this week, including manufacturing data out of China, will shed further light on the economic strength of the world’s biggest importer of crude. A handful of spreads along the futures curve traded…
In the Indian subcontinent, the people have always paid the price for the ambitions, failures, and miscalculations of their rulers. Once again, history repeats itself. On April 22, 2025, terror struck the idyllic town of Pahalgam, Kashmir. Twenty-six lives—among them tourists, workers, and ordinary citizens—were extinguished in an instant, victims of a proxy war they neither started nor endorsed. The perpetrators, identified as members of The Resistance Front—a Lashkar-e-Taiba offshoot—were traced back to Pakistan’s terror networks. Yet as the two states reacted with predictable fury, it is the ordinary people on both sides of the Radcliffe Line who are left…
At the World Economic Forum, a powerful and timely panel discussion brought together some of the most influential voices in music to address a pressing issue: the future of artist compensation in the streaming era. Hosted at Abraham House, the conversation—“The Power of Music to Drive Change Around the World — Stopping the Exploitation of Artists”—featured Wendy Starland (who discovered and developed Lady Gaga), Benny Pough (former President of Roc Nation), and Joaquín Cortés (renowned flamenco dancer and campaigner for human fraternity). The session was moderated by Nicole Enslein, Founder and CEO of Sublime Communications. The panel explored how music…
At the 2025 World Economic Forum, ESG News CEO Matt Bird continued his conversation with FilmHedge Co-founder and CEO Jon Gosier, exploring how tax policy can unlock sustainable capital for the creative sector. Gosier highlighted an additional sustainability angle: investments made in low-income zones receive a 33% boost on top of the Section 181 deduction cap. This increases the eligible deduction from $15 million to $20 million, creating a powerful incentive for investors to support media projects that also uplift underserved communities. This approach not only enhances returns for investors, but also directs capital toward areas that need it most—proving…
Vicki Hollub ran operations in the Permian basin for Oxy before becoming CEO. She posed for Forbes in 2017.Tim Pannell for Forbes Occidental Petroleum’s conventional oilfields in the Permian basin of west Texas have been producing for decades. And although output has slowed, there remains 2 billion barrels of oil still trapped thousands of feet below the surface. Engineers have figured out several methods over the years to scour out stubborn oil from nooks and crannies in the reservoir rock (think of a sponge but with much tighter pore spaces). One involves strategically injecting water below the level of the…
Post-pandemic demand and the Ukraine invasion delivered windfall profits for oil and gas supermajors—but the rebound was short-lived. Falling prices, rising volatility, and accelerating clean energy investment have exposed structural weaknesses. To stay competitive, incumbents must rethink strategy. Emerging and state-backed players are already leading the way, leveraging diversification and innovation to future-proof their positions.BP logged a record $28 billion profit in 2022, which dropped to $13.8 billion in 2023 and $8.9 billion in 2024. Its fourth-quarter 2024 earnings fell 61% year-on-year—its weakest performance since 2020.This downturn came despite BP scaling back its net-zero commitments to stabilize short-term earnings. The…
Crucial United Nations climate talks this year will be a “slightly uphill battle” due to economic turmoil and Donald Trump’s removal of the US from the effort to tackle global heating, the chair of the upcoming summit has admitted.Governments from around the world will gather in Belem, Brazil, in November for the Cop30 meeting, where they will be expected to announce new plans to deal with the climate crisis and slash greenhouse gas emissions. Very few countries have done so yet, however, and the world remains well off track to remain within agreed temperature limits designed to avert the worst…