Author: omc_admin

Puro.earth signs Letter of Intent with Indonesia’s Environment Ministry and EPA to strengthen biochar carbon removal standards. Collaboration aims to align Indonesia’s carbon governance with Paris Agreement objectives and accelerate verified carbon credit projects. Biochar recognized as a scalable pathway for durable carbon removal and local sustainable development. Advancing High-Integrity Carbon Markets Carbon removal platform Puro.earth has signed a Letter of Intent (LoI) with Indonesia’s Ministry of Environment and the Environmental Protection Agency to advance the country’s use of biochar within its national carbon governance framework. The agreement formalizes a joint effort to develop high-integrity methodologies for durable carbon removal…

At 10:52 GMT, Light Crude Oil Futures are trading $62.40, up $0.67 or +1.09%. OPEC+ Output Hike Underwhelms as Market Eyes Glut Oil prices found some support from OPEC+’s decision to increase November output by just 137,000 barrels per day—matching October’s increment and falling short of earlier expectations. Analysts noted the increase was minimal and unlikely to alter near-term supply-demand balances unless accompanied by rising inventories. “The bare minimum that OPEC+ decided to get away with still provided some support,” noted PVM analyst Tamas Varga. Yet, concerns persist about a looming oversupply, especially with global inventories projected to build in coming…

A doubling of the discount of Russia’s flagship Urals crude grade to Dated Brent could prompt more Russian oil purchases from Indian refiners in the coming weeks. The discount of Urals to Dated Brent has widened to $2.00-$2.50 per barrel sources with knowledge of the market pricing told Bloomberg on Wednesday. The differential has now doubled compared to the $1.00 a barrel discount for Urals versus Dated Brent in July and August.  India’s crude oil imports from Russia are estimated to have dropped by about 100,000 barrels per day (bpd) in September compared to August as Indian refiners expand crude sources amid ongoing U.S.-India…

LLANOS DE CHALLE NATIONAL PARK, Chile (AP) — A rare bloom in Chile’s Atacama Desert has briefly transformed one of the world’s driest places into a dazzling carpet of fuchsia-colored wildflowers.The arid region — considered the driest nonpolar desert on Earth, averaging around 2 millimeters (0.08 inches) of rainfall a year — was a riot of color this week after unusual downpours throughout the Southern Hemisphere’s winter months soaked the desert foothills and highlands.Experts describe 2025 as among the Atacama’s wettest in recent years, with some high-elevation borderlands receiving up to 60 millimeters of rain (2.3 inches) in July and…

At what point will OPEC+ turn to cuts? That was one of the questions Skandinaviska Enskilda Banken AB (SEB) Chief Commodities Analyst Bjarne Schieldrop asked in a report sent to Rigzone by the SEB team on Tuesday, which focused on the OPEC+ group. “When will OPEC+ turn around to make some cuts? At what (price) point will they choose to stabilize the market? Because for sure they will,” Schieldrop said in the report. “Higher oil inventories, some more shedding of drilling rigs in U.S. shale, and Brent into the 50ies somewhere is probably where the group will step in,” he added.…

Brookfield Asset Management announced that it has raised $20 billion in commitments and strategic capital at the final close of the Brookfield Global Transition Fund (BGTF II), marking the largest-ever private fund dedicated to the transition to clean energy. In addition to exceeding its fundraising target and exceeding the size of its record-breaking predecessor BGTF fund, Brookfield also announced that the new fund has also secured approximately $3.5 billion of co-investment into its portfolio, bringing the total capital raised to $23.5 billion. Brookfield launched BGTF II in 2023, after closing its predecessor fund the prior year at $15 billion. The firm’s BGTF investment…

This as-told-to essay is based on a conversation with Naseem Rochette, a 54-year-old account director at Databricks, based in New Jersey. The following has been edited for length and clarity.My approach to life drastically changed in 2018 when I was hit and run over by a car. By that evening, the multitasking woman who thrived in chaos for so long vanished, and she has never returned.I’ve been in tech for 25 years, and before my current position, I spent most of the last decade in different leadership roles at Google and Microsoft. Since getting run over, I don’t operate in…

Virginia is for data centers. Big ones.Big Tech companies filed permits for 54 new data centers in the state in the first nine months of 2025, according to a Business Insider tally.The number represents the state’s single largest spike in planned data centers in any one year, and a 16% increase from Virginia’s 2024 total.Amazon-built data centers represent the bulk of the new construction, with 28 planned facilities, according to Business Insider’s count. The tech giant had 177 data centers built or in construction nationwide by the end of 2024, according to the analysis. The new planned data centers in…

By: Simon Weaver, Global Head of ESG Advisory, KPMG International The narrative around ESG has often been framed as a moral obligation or a regulatory burden, but the KPMG 2025 CEO Outlook findings, released this week, unequivocally demonstrate a profound shift. Business leaders now clearly understand that ESG is not just “good for the planet” but fundamentally “good for business.” This isn’t about altruism. It’s about astute strategic foresight in a world where climate change, nature and biodiversity decline and broader societal challenges directly impact financial performance, organizational resilience and ultimately the enterprise value of the company. Our recent survey…

MIAMI (AP) — Hurricane Priscilla weakened in the Pacific as it moved Wednesday along the west coast of Mexico while Tropical Storm Jerry in the Atlantic was expected to strengthen on a track for the Leeward Islands, forecasters said.Priscilla on Tuesday approached major hurricane status, but by Wednesday morning was a Category 1 storm with maximum sustained winds around 80 mph (129 kph), the U.S. National Hurricane Center in Miami said.Still, heavy rainfall and flash flooding were possible this week as the storm moves along Mexico’s Pacific coast, as well as later this week and into the weekend in the…