Author: omc_admin

WTI/CL Technical Analysis The light sweet crude oil market has rallied a bit to break above the crucial $62 level, an area that is the top of the overall support zone that’s been holding this market together. Ultimately, if we can continue to rally, then the 50-day EMA comes into the picture near the $63.60 level, followed by $65 a barrel. Ultimately, we do have a lot of questions out there about demand and, more importantly, over supply. So, I do think the upside is limited. Signs of exhaustion, more likely than not, will continue to be sold as we…

The International Organization for Standardization (ISO) announced the launch of “ISO 17298: Biodiversity for organizations,” a new standard aimed at helping organizations to assess and address their biodiversity impacts, dependencies, risks and opportunities. According to ISO, the new standard comes amidst growing regulatory, reputational, and operational pressures from increasing biodiversity risks, with $44 trillion, or over half of global GDP, moderately or highly dependent on nature. As pressure increases, and as companies integrate biodiversity considerations into organizational strategies and operations, however, the lack of a common biodiversity framework “has contributed to fragmented approaches and growing confusion as nature-related risks and…

Renault’s electric car division Ampere has opened its battery cell laboratory, announced last year, at the Renault Group Technical Centre south of Paris. It combines the development of cell prototypes with the evaluation of battery cell performance and behaviour. It has been known since March 2024 that Ampere has begun construction of a battery cell laboratory at the Renault Group Technical Centre in Lardy, France. Now, the new site, with a total area of 3,000 square metres, has been officially inaugurated. The new battery cell laboratory is entirely dedicated to the development and evaluation of battery cell prototypes. Ampere’s goal…

Toyota and Sumitomo Metal Mining said on Wednesday they have made advances in the development of cathode materials for all-solid-state batteries for electric cars, and have agreed to work together to mass produce those materials.Solid-state batteries hold the promise of improved safety, a longer lifespan and faster charging compared with conventional lithium-ion batteries that use flammable liquid electrolytes.But mass adoption remains some way off due to constraints in raw material availability, intricate manufacturing processes and the resultant high costs.Toyota, the world’s biggest automaker by sales, is looking to launch EVs with all-solid-state batteries in 2027 or…

BMW has now achieved six-figure electric car sales in a total of six quarters. It did so again in Q3 2025, albeit with a slightly lower result than a year ago. However, BMW was also unable to quite match its sales figures from the first half of the year. Specifically, the Munich-based company delivered 102,864 fully electric vehicles to customers between the beginning of July and the end of September, according to a statement from BMW. Although this is another six-figure result and almost twice as much as its premium competitor Mercedes, it remains 0.6 per cent below the 103,440…

From canola farmers in Canada to car owners in India, biofuels have become the subject of everyday debate across the world. Liquid biofuels feature heavily in the climate plans of many countries, as governments prioritise domestic energy security amid geopolitical challenges, while looking to meet their climate targets and bolster farm incomes. Despite a rapid shift towards electrified transportation, biofuels continue to play a leading role in efforts to reduce road-transport emissions, as they work well with many existing car engines.  At the same time, biofuels are expected to play an important role in decarbonising sectors where emissions are particularly…

Oil prices rose early on Wednesday after an industry report showed on Tuesday that the crude stocks at the key Cushing hub fell further and OPEC+ somewhat eased fears of an imminent glut with a planned modest increase in output.  As of 8:05 a.m. EDT on Wednesday, WTI Crude prices were up by 1.44% at $62.62, while the front-month Brent Crude futures traded 1.42% higher at $66.38. Cushing, Oklahoma, is the physical delivery spot for oil bought and sold in West Texas Intermediate futures contracts.  The American Petroleum Institute (API) estimated on Tuesday that stocks at the WTI delivery hub, Cushing, fell by…

LandBridge Co LLC said Tuesday it had signed a deal to buy about 37,500 acres on Texas’ side of the Delaware Basin from 1918 Ranch & Royalty LLC. “The acreage to be acquired consists of approximately 22,000 fee surface acres, approximately 3,500 surface acres held pursuant to a long-term management agreement and approximately 12,000 leasehold surface acres”, Houston, Texas-based LandBridge said in a press release. These are spread across the counties of Loving, Reeves, Ward and Winkler. Expected to be completed in the fourth quarter, the transaction will increase LandBridge’s holdings to around 300,000 acres, said the oil and gas-focused land…

Nvidia CEO Jensen Huang said demand is up huge this year as artificial intelligence models develop further from answering simple questions to complex reasoning.”This year, particularly the last six months, demand of computing has gone up substantially,” said Huang on CNBC’s “Squawk Box.”The CEO of the AI chip leader was answering a question about what investors ask him most about. Nvidia shares were higher in premarket trading as Huang gave his bullish comments.AI reasoning models are using exponential amounts of computing power but they are also seeing exponential amounts of demand because their results are so good, Huang said. “The…

• Nestlé exits the Dairy Methane Action Alliance, joining a wave of corporate withdrawals from voluntary climate initiatives.• The alliance, launched in 2023 by the Environmental Defense Fund (EDF), seeks to cut methane from dairy supply chains — a key source of agricultural emissions.• Nestlé maintains its 2050 net zero target and reports a 21% methane reduction since 2018, but the move raises questions over corporate alignment on food-sector decarbonization. Nestlé Steps Away from Global Methane Pact Nestlé has withdrawn from the Dairy Methane Action Alliance, a global initiative aimed at cutting the climate footprint of dairy farming. The Swiss…