Author: omc_admin

President Donald Trump’s sweeping $3.4 trillion fiscal package is already creating opportunities for segments of the energy and climate industries that had fallen out of favor, struggled to grow or haven’t managed to break through. The tax and spending law signed on July 4 provides a lifeline to a coal industry that’s long been squeezed by cheaper renewable and natural gas-fired power. The law provides a boost to nuclear — a sector that had regained investor and political support before Trump’s return to the White House, but has yet to translate that enthusiasm into much domestic growth in electric capacity. And the law may actually help advance…

Venture Global has quietly begun producing LNG from Phase 2 of its Plaquemines export terminal in Louisiana, sources told Reuters, marking a significant step in the company’s ongoing strategy to front-load spot market profits while delaying deliveries to long-term customers.The move allows the recently public LNG player to sell cargoes at elevated spot market prices—reportedly earning $7.09 per MMBtu in Q2 2025—well above the $2.66 per MMBtu it collects under fixed-fee contracts at its now-commissioned Calcasieu Pass facility. Buyers under Plaquemines Phase 2, including ExxonMobil, Chevron, Petronas, and Excelerate, aren’t expected to receive their first contracted cargoes until mid-2027.Venture Global…

Oil fell as US President Donald Trump reignited his global trade war, while his latest plan to pressure Russia into a ceasefire with Ukraine didn’t include new measures aimed directly at hindering Moscow’s energy exports. West Texas Intermediate fell 2.1% to settle below $67 a barrel after Trump threatened 100% “secondary” tariffs on countries that do business with Russia if there’s no ceasefire in 50 days. But he didn’t announce direct sanctions on the nation’s oil shipments, which traders had speculated might be coming when Trump promised a “major statement” on Russia last week. Secondary tariffs are difficult to enforce,…

Azule Energy, a joint venture owned equally by bp Plc and Eni SpA, have announced a major gas discovery at its Gajajeira-01 exploration well, located offshore in the Lower Congo Basin, Republic of Angola. The exploration well is being developed in partnership with the National Agency of Petroleum, Gas and Biofuels (ANPG) and the Contractor Group of Block 1/14, operated by Azule Energy (35%), Equinor (30%), Sonangol E&P (25%), and Acrep S.A. (10%)  The well was spudded on 1 April 2025 in a water depth of 95 m, approximately 60 km off the coast. It encountered gas- and…

A U.S. judge has temporarily delayed Argentina’s court-ordered transfer of its 51% controlling stake in state-run oil giant YPF, granting the cash-strapped country three extra days—until July 17—to pursue emergency relief from a $16.1 billion judgment.The delay, ordered Monday by District Judge Loretta Preska, comes after Argentina asked the 2nd U.S. Circuit Court of Appeals to intervene. Judge Preska made clear the stay is short-term only, chastising Argentina for its continued attempts to sidestep the ruling. “The Republic has abused the court’s accommodations and thus will not be given additional ones,” she wrote.The legal fight stems from Argentina’s 2012 expropriation…

Perplexity CEO Aravind Srinivas has some advice for young entrepreneurs: expect your idea to be copied.Srinivas said that bigger companies will “copy anything that’s good” while speaking at Y Combinator’s AI Startup School. At launch, Perplexity allowed its chatbot to crawl the web. Now, competitive products from OpenAI, Anthropic, and Google have similar web-browsing functionality.Speaking to an audience of undergraduate, graduate, and Ph.D students, the Perplexity CEO began his advice by telling them to “work incredibly hard.”Don’t be surprised, he added, if larger players later play copycat.”If your company is something that can make revenue on the scale of hundreds…

But this isn’t just a short-term price move. It’s the early phase of what could become one of the most explosive Commodity Supercycle’s in modern history. Analysts at GSC Commodity Intelligence, believe this is the moment Silver bulls have been waiting for. “Silver has officially entered definitive breakout mode”. “The $50 level may arrive much sooner than anyone expects – and this time, we may not stop there.” AI Boom Ignites a New Era for Silver Demand The exponential growth of Artificial Intelligence is turbocharging demand for Silver – a metal critical to the infrastructure underpinning the AI revolution. Every…

(World Oil)– West Texas Intermediate advanced almost 3% to settle above $68 a barrel after President Donald Trump said he plans to make a “major statement” on Russia on Monday and reiterated criticism of President Vladimir Putin. One sanctions bill, which at least 85 senators have endorsed, would levy 500% tariffs on China and India if they make any purchases of Russian energy.   “The U.S. could decide to impose new sanctions on Russia as early as the beginning of next week,” according to a report from Commerzbank AG. “Lower oil supply from Russia is probably one reason why oil prices have so…

If you think LinkedIn feels stale lately, you’re not alone.Many users have said they’re seeing posts as old as two or three weeks at the top of their news feeds. I’ve seen it too: Journalists posting outreach for stories published days ago, month-old selfies from advertising events, and commentary on tech headlines that are now old news.”What’s happened to LinkedIn?” Tim Vanderhook, CEO of the adtech company Viant, recently posted. “It’s 2025, no one waits 3 weeks to ‘learn’ of something.”In the replies, commenters shared their own experiences with stale LinkedIn posts. Some responded weeks after Vanderhook originally published.I contacted…

The new guidance supports financiers and borrowers in applying the Singapore-Asia Taxonomy (SAT) to real-world green and transition financing. It addresses data limitations, interim thresholds, and evolving transition activities, while promoting alignment with industry best practices. Non-aligned but credible transition efforts may still qualify for financing under certain frameworks, referencing SAT without full alignment. Singapore’s sustainable finance ecosystem has taken a significant step forward with the release of practical guidance for applying the Singapore-Asia Taxonomy (SAT), aimed at accelerating credible green and transition financing across Southeast Asia. The Singapore Sustainable Finance Association (SSFA), supported by the Monetary Authority of Singapore…