Author: omc_admin

Sarah Chiappetta needed some career advice a few months ago, so she turned to a close friend. When she laid out her dilemma over text, her friend’s response was suspiciously helpful. Chiappetta says the message was “overly sympathetic,” acknowledged her feelings thoroughly, and used something she’d rarely, if ever, seen her friend use before — an em dash. All of it made her pause. The words were comforting, but they sounded a lot like ChatGPT.”I wasn’t mad. I was a little weirded out,” Chiappetta, a 30-year-old product marketing manager in San Francisco, tells me. She wondered: “Is my text that…

Crude oil prices stabilized today as traders anticipate yet another 411,000-bpd boost in OPEC+ supply to be announced at the end of this week when the group meets, with downward pressure coming from the latest weekly U.S. inventory report.The American Petroleum Institute estimated a build of 680,000 barrels for the last full week of June, breaking a five-week string of draws totaling over 22 million barrels. The unexpected build pressured oil prices despite the cumulative build from the previous month.At the time of writing, Brent crude was trading at $67.13 per barrel, slightly up from opening, with West Texas Intermediate…

Eni SpA’s chemical arm, Versalis SpA, has transferred its oilfield chemicals assets to a new company called Versalis Oilfield Solutions SRL in an expansion bid, Eni said Tuesday. “The operation aims to consolidate Versalis’ position in the oilfield services sector by bringing together key expertise and strategic activities in a single, focused and operationally efficient entity”, Italy’s state-controlled Eni said in an online statement. “Versalis’ oilfield operations encompass research and development of advanced chemical formulations, outsourcing their production and marketing solvents and additives designed for the oil drilling industry. Products are tailored to meet specific client requirements, while services include…

Wind and solar electricity generation in India rose at the fastest rate since 2022 over the first half of the year, with their combined share representing over 17% of the subcontinent’s energy mix in June, Reuters reported, based on an analysis of load dispatch data from New Delhi.Earlier in the year, India saw record-high power generation from solar plants between January and April, with solar electricity output soaring by 32.4% from a year earlier and keeping coal-fired generation essentially flat despite rising demand. Coal output over the first six months of the year was flat on 2024.Solar output, meanwhile, remained…

German utility Uniper SE has signed a deal to supply the state of Baden-Wuerttemberg with 86 gigawatt hours (GWh) of solar electricity per year for three years, or around 258 gigawatt hours. The power is meant for the universities in Ulm, Mannheim, Hohenheim, and Constance. The delivery period will run from January 1, 2026, to December 31, 2028, the company said in a media release. The contract involves a full green supply with flexible guarantees of origin adapted to customer consumption and is based on electricity from Spanish photovoltaic systems that have recently been connected to the grid, Uniper said.…

Malaysia’s Petroliam Nasional Berhad (Petronas) has secured a deal with Mahindra & Mahindra Ltd. Petronas Lubricants International (PLI) and Petronas Lubricants (India) Pvt. Ltd. bagged an Aftermarket Service Fill contract from India’s largest sports utility vehicle (SUV) manufacturer. Under the agreement, Petronas Lubricants will be the sole distributor of vehicle fluids to Mahindra’s authorized dealers, workshops, and stockists under the Maximile brand within Mahindra’s South Zone Distribution network in India, Petronas said in a media release. The deal involves engine oils, transmission oils, axle oils, and steering fluids. The deal spans 50 Stock Keeping Units (SKUs), catering to a wide range…

LONDON (AP) — After the heatwave came the rain. The tennis courts were covered and the fans were forced to shelter under umbrellas as rain delayed play on Day 3 of Wimbledon on Wednesday. The bad weather came after Monday had seen record-breaking Day 1 heat as the temperature rose to 91 degrees Fahrenheit — 33 Celsius — at the oldest Grand Slam tournament. Stewarts cover under an umbrella at a covered court as the start of play is delayed due to rain during the Wimbledon Tennis Championships in London, Wednesday, July 2, 2025.(AP Photo/Kin Cheung) Stewarts cover under an…

Zurich-based Carbon removal solutions provider Climeworks announced today that it has raised $162 million in a new equity funding round, with proceeds from the financing aimed at further developing its direct air capture (DAC) technology to reduce the cost of removals, and to expand its carbon removal portfolio service. Founded in 2009 by Christoph Gebald and Jan Wurzbacher, Climeworks provides carbon removal solutions for companies, including its own DAC technology, with the company operating the world’s first two DAC plants, Orca, opened in 2021, and Mammoth, which began operations in 2024. DAC technology extracts CO2 directly from the atmosphere for…

Saudi Arabia led a surge in crude exports from stalwart oil-producing giants in the Middle East in June.  The flood may reflect a race by Riyadh – along with neighboring Kuwait and the United Arab Emirates – to expedite barrels out of the Persian Gulf while a conflict between Israel and Iran threatened the region’s shipping corridor. While the trio are entitled to raise crude production under an OPEC+ accord, their exports appear to have climbed even further. The three nations loaded 11.9 million barrels a day onto tankers in June, ship-tracking compiled by Bloomberg shows. Their collective seaborne exports were the highest…

Maintenance at some LNG export facilities last month drove U.S. exports of the commodity lower—to the second-lowest monthly, according to data from LSEG cited by Reuters.The June total stood at 8.4 million tons of liquefied gas last month, which was down from 8.9 million tons in May and from 9.3 million tons for April. The April total was an all-time high.June saw regularly scheduled maintenance at Cheniere’s two LNG export facilities, in Sabine Pass and Corpus Christi, which have a combined daily capacity of 6.9 billion cu ft of natural gas. The Cameron LNG plant in Louisiana also underwent maintenance…