Author: omc_admin

Wall Street’s retreat from recent records continued Wednesday as markets took in more bank earnings reports while waiting for the latest data on inflation and the housing market.Futures for the Dow Jones Industrial Average fell 0.2% before the bell, while S&P 500 futures dropped 0.3%. Nasdaq futures were off 0.5%.Wells Fargo dipped 1.7% after the San Francisco bank’s fourth-quarter revenue fell short of Wall Street forecasts and its profit was trimmed by severance payouts. Bank of America inched up less than 1% after its profit and revenue came in ahead of expectations.Huntington Ingalls Industries jumped 3% overnight after the shipbuilder…

On Saturday, the Chicago Bears beat the Green Bay Packers in an NFL playoff game that had everything: a bitter rivalry, an old-school outdoors atmosphere, and a historic comeback (or choke-job, depending on your POV).It also happened to be a (mostly) streaming-only game. Did you notice? Or care?I didn’t. Except for about 30 seconds, when I was trying to find out what network was showing the game, and it took me a beat to realize it was on Amazon’s Prime Video. Then I booted up my app and watched the game without any issue. Just like any other NFL game.In…

(Investing) – HOUSTON/LONDON – The discount on U.S. crude futures to the global benchmark  has grown by around $1 per barrel since the U.S. ousted Venezuelan President Nicolas Maduro on January 3 and took control of the South American country’s oil flows, redirecting millions of those barrels to U.S. ports in a move likely to boost U.S. crude exports in the coming months, traders and analysts said. U.S. crude futures were trading at a $4.76 a barrel discount to Brent futures on Tuesday, their largest since April, according to LSEG data. Investors said the prospect of more U.S.-bound Venezuelan barrels was…

Enverus has released its 2026 Global Energy Outlook, projecting continued commodity price pressure, rising strain on power systems and persistent geopolitical uncertainty shaping oil and gas markets through next year.  According to the annual outlook, Brent crude is expected to average about $55/bbl in 2026, reflecting a near-term reset rather than long-term scarcity. Enverus anticipates first-half weakness followed by tightening balances later in the year as markets respond to evolving supply risks tied to Venezuela, Iran and Russia. Upstream operators are expected to continue prioritizing efficiency gains while keeping capital spending disciplined. Natural gas markets remain comparatively constructive.…

WASHINGTON (AP) — Earth’s average temperature last year sizzled at a feverishly elevated level, a jump up from trends of recent decades, but not quite as record-smashing hot as 2024, several climate monitoring teams reported Tuesday.Five science teams calculated that 2025 was the third-hottest year on record, behind 2024 and 2023. All of the last three years also flirted close to the internationally agreed-upon limit of 1.5 degrees Celsius (2.7 degrees Fahrenheit) of warming since pre-industrial times. That goal for limiting temperature increases, established in Paris in 2015, is likely to be breached by the end of this decade, the…

The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a build of 5.27 million barrels in the week ending January 9. Crude oil inventories sagged by 2.8 million barrels in the week prior.The Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) rose by 200,000 barrels to 413.7 million barrels in the week ending January 9. Inventories in the SPR have been steadily increasing over the last year as the US Administration seeks to return the national stockpile to its former glory.US production fell during the week of…

(World Oil) – EnerMech has been awarded a subsea pre-commissioning services contract by Saipem for the Whiptail development offshore Guyana, expanding its footprint in one of the world’s most active deepwater provinces. The Whiptail project is located about 200 miles offshore Guyana in the Stabroek Block, which is operated by ExxonMobil Guyana. The contract marks EnerMech’s first involvement on the Whiptail field and its fifth subsea pre-commissioning scope offshore Guyana. Under the agreement, EnerMech will deliver a range of subsea pre-commissioning activities, including flooding, cleaning and hydrotesting of subsea risers and flowlines. The scope also includes umbilical post-load-out, transit and lay monitoring from an…

Kolibri Global Energy has reported improving production performance from its latest operated wells in the Tishomingo field in Oklahoma, with early results indicating higher oil-weighted output compared with earlier wells drilled in the area. The Barnes 6-31-2H and Barnes 6-4H horizontal wells, both operated at a 100% working interest, have now been on production for approximately 30 days. The 1.5-mile lateral Barnes 6-31-2H well averaged 634 boed over its most recent five-day period, including 529 bpd of oil, while its 30-day average stood at 529 boed. The 1-mile lateral Barnes 6-4H well averaged 451 boed over the last five days…

WASHINGTON—The U.S. Department of Energy (DOE) and the National Aeronautics and Space Administration (NASA) today announced a renewed commitment to their longstanding partnership to support the research and development of a fission surface power system for use on the Moon and future NASA missions to Mars.A recently signed memorandum of understanding (MOU) between the agencies solidifies this collaboration and advances President Trump’s vision of American space superiority by deploying nuclear reactors on the Moon and in orbit, including the development of a lunar surface reactor by 2030. This effort ensures that the United States leads the world in space exploration and commerce. “History…

Anthropic’s new working agent was largely built by Claude itself — the latest example of AI coding tools speeding up product development.On Monday, Anthropic announced the release of Cowork, a “more approachable” AI tool accompanying Claude Code that’s geared toward fulfilling users’ requests that are unrelated to programming. Users grant the agentic AI tool access to specific files on their computer and prompt it to complete tasks.Boris Cherny, head of Claude Code, said that Anthropic’s AI coded “pretty much all” of Cowork.”@claudeai wrote Cowork,” Product Manager Felix Rieseberg wrote on X. “Us humans meet in-person to discuss foundational architectural and…