Author: omc_admin

Despite the strong consolidation, the long-term outlook for gold remains strongly bullish. Central bank buying and ongoing geopolitical risks continue to support elevated price levels. Moreover, the fears of new tariffs and global tensions maintain gold’s role as a hedge. These factors could cushion further downside and renew interest in any pullback. Meanwhile, comments from Fed Governor Kugler warned against cutting rates too soon. This stance limits gold’s upside in the near term, as higher rates reduce its appeal. However, with tariff impacts rising and global uncertainty persisting, gold may regain strength if risk sentiment shifts again. Gold Technical Analysis…

(Bloomberg) – Wind and solar projects being constructed on federal land will be required to undergo a new review process at the U.S. Interior Department, under a new Trump administration directive that could slow the approval of projects.  The directive, announced Thursday, will require sign-off from the Office of Interior Secretary Doug Burgum following an elevated review of decisions related to leases, rights-of-way, construction, operation plans, grants and more, the department said in a statement.  The announcement, which follows a deal struck with members of the ultra-conservative House Freedom Caucus over subsidies for renewables in exchange for their support…

Railroad Commission of Texas Chairman Jim Wright issued the following statement regarding the announcement by the U.S. Department of the Interior to streamline and improve the federal Orphaned Wells State Formula Grant Program:  “Today’s announcement by the Department of the Interior is a win for common sense governance,” wrote Chairman Wright. “As I wrote last November, the significant hurdles and bureaucracy inherent in the orphaned well plugging program under the Biden Administration resulted in increased plugging costs and significantly delayed well plugging. The revisions announced today will do much to streamline the program and ensure taxpayer funds are…

The 9th OPEC International Seminar was held in Vienna a week ago, wherein participants discussed energy security, investment, climate change, and energy poverty, with a particular emphasis on balancing these competing priorities. According to commodity analysts at Standard Chartered, the summit titled “Charting Pathways Together: The Future of Global Energy” featured significantly greater engagement from international oil companies and consuming country governments, with discussions converging on a more inclusive shared agenda rather than non-intersecting approaches seen in previous years. However, StanChart reported there was a clear mismatch between what energy producers vs. market analysts think about spare production capacity. Unlike…

(World Oil)– Activity is slowing in U.S. oil fields as drillers remain in the crude-price danger zone for profits, according to one of the biggest investors of private operators in the shale patch. “In the mid-$60s, you get dangerously close to where oil prices don’t really drive appropriate returns for new drilling,” Dwight Scott, who joined Quantum Capital Group at the start of this month as executive vice chairman, said on Bloomberg TV Wednesday. “So, activity in the oil field is slowing; I think that’s a temporary thing.” West Texas Intermediate, the U.S. benchmark, has fallen 8% since the start…

(Bloomberg) – Eni SpA’s deal to sell half of its carbon capture and storage unit to BlackRock Inc.’s Global Infrastructure Partners will likely value the business at around $1.2 billion (€1 billion), according to people familiar with the matter.  The Italian energy giant and GIP, which agreed in May to hold exclusive talks for a 49.99% stake in Eni’s CCUS Holding, aim to close the deal by the end of summer, the people said, asking not to be named because they’re not authorized to comment publicly. The negotiations are ongoing, the valuation could still change and a final…

I don’t want to know what you did at a Coldplay concert. I don’t want to know who you were there with, what the track list was. I don’t even want to know you went!And if it turns out that you were caught on camera in a passionate embrace with a coworker? I mean, sure, I’m curious. I love gossip! But I’m not sure I should know about that. And that goes double if I don’t know you in real life.On Thursday, as I’m sure you know by now, a “kiss cam” video went viral from a Coldplay concert outside…

(Oil Price)– The years of very rapid growth in U.S. crude oil production are behind us, in large part due to the maturing of the biggest growth engine, the Permian, according to Goldman Sachs. The investment bank expects declines in America’s crude oil output for this year and next because of the lower oil prices, Daan Struyven, oil research head at Goldman Sachs, told Bloomberg TV in an interview on Thursday. U.S. shale producers are the most reactive to oil price changes and they are typically quick to follow the price trends. Lower prices are prompting caution among the American oil industry…

(Bloomberg) – Wind and solar projects being constructed on federal land will be required to undergo a new review process at the U.S. Interior Department, under a new Trump administration directive that could slow the approval of projects.  The directive, announced Thursday, will require sign-off from the Office of Interior Secretary Doug Burgum following an elevated review of decisions related to leases, rights-of-way, construction, operation plans, grants and more, the department said in a statement.  The announcement, which follows a deal struck with members of the ultra-conservative House Freedom Caucus over subsidies for renewables in exchange for their support…

A video appearing to show a tech CEO and his head of HR embracing at a Coldplay concert is spreading around social media at the speed of sound.Meanwhile, the startup at the center of the drama has stayed silent as people online flood the company’s social media posts with comments.The viral clip appears to show Astronomer CEO Andy Byron with his arms wrapped around the company’s head of people, Kristin Cabot. It was captured on the concert’s “kiss cam” and broadcast to the crowd at Gillette Stadium in Massachusetts.Given the pair’s reaction — mortified looks, a quick untangling, and a…