Author: omc_admin

(BOE Report) – Global imports of liquefied natural gas (LNG) ticked higher in the first half of 2025 as stronger European demand pulled cargoes away from Asia. Total imports of the super-chilled fuel were 208.62 million metric tons in the first six months of this year, up 1.7% from the 205.11 million for the same period in 2024, according to data compiled by commodity analysts Kpler. Asia, the top LNG buyer, saw imports drop 9.09 million tons, or 6.4%, to 133.41 million, while Europe’s arrivals jumped 21.6%, or 11.8 million to 66.43 million. The numbers confirm that Europe is turning…

LNG Canada has successfully shipped the first liquefied natural gas (LNG) export cargo from its newly-constructed facility located in British Columbia, Canada.  LNG Canada is a joint venture between Shell (40% working interest), Petronas, Mitsubishi Corporation, PetroChina and KOGAS. Fluor and its joint venture partner, JGC Corporation, have provided critical engineering, procurement, fabrication management, construction and commissioning services since 2018 to build the facility and support its safe startup. JGC Fluor’s involvement in the LNG Canada Project continues through commissioning support and long-term operational readiness services. “This is a significant achievement in Canada’s energy landscape and a pivotal…

The future of the most important partnership in technology depends on Microsoft’s access to the artificial intelligence powering ChatGPT.When OpenAI first demoed a breakthrough feature in May 2024, allowing users to talk to its AI just like a person, it looked as if the company did so in lock-step with its partner and investor, Microsoft. Soon after OpenAI demoed this voice capability for its new GPT-4o model, Microsoft CEO Satya Nadella included it in a keynote speech at the company’s Build developer conference.Behind the scenes, Microsoft had little knowledge of the feature until days before the demo, people involved in…

If you’re looking to beef up your summer reading, Apple CEO Tim Cook has a list of books that he said left a mark on him.Many major executives are big readers. Warren Buffett would sometimes read 1,000 pages a day when he started his investing career, and he is still an avid reader. Jeff Bezos has held all-day book clubs for his senior management. Elon Musk was influenced by science fiction books at a young age. And, there’s the famous Bill Gates summer reading list.Cook is no exception.Dua Lipa interviewed Cook on an episode of BBC’s “Dua Lipa: At Your…

Momentary price spikes aside, the recent conflict and now uneasy ceasefire between Israel and Iran has done little to alter the trajectory of global oil markets, according to a new analysis by S&P Global Commodity Insights.  The latest update to the S&P Global Commodity Insights Global Crude Oil Markets Short-term Outlook finds that existing expectations remain largely intact—oil supply growth will outpace demand growth and lower oil prices. “The underlying fundamentals of the global oil market remain profoundly unchanged,” commented Jim Burkhard, Vice President and Global Head of Crude Oil Research, S&P Global Commodity Insights. “OPEC+ members are…

Russia’s seaborne crude oil shipments barely budged in late June, holding near two-month lows despite a modest uptick from major ports. In the four weeks to June 29, crude exports averaged 3.21 million barrels per day (bpd)—up just 1% from the previous four-week period, according to Bloomberg tracking data. Weekly volumes sat around 3 million bpd, also little changed.While key terminals like Primorsk and Kozmino saw higher flows, declines from smaller ports—including Novorossiysk and Murmansk—nearly canceled out the gains. A total of 28 tankers carried 21 million barrels during the final week of June, only marginally down from the prior…

LNG Canada has successfully shipped the first liquefied natural gas (LNG) export cargo from its newly-constructed facility located in British Columbia, Canada.  LNG Canada is a joint venture between Shell (40% working interest), Petronas, Mitsubishi Corporation, PetroChina and KOGAS. Fluor and its joint venture partner, JGC Corporation, have provided critical engineering, procurement, fabrication management, construction and commissioning services since 2018 to build the facility and support its safe startup. JGC Fluor’s involvement in the LNG Canada Project continues through commissioning support and long-term operational readiness services. “This is a significant achievement in Canada’s energy landscape and a pivotal…

Clean energy stocks rose on Tuesday after a tax on solar and wind projects was removed from the Senate version of the One Big Beautiful Bill Act.Shares of NextEra Energy, the largest renewables developer in the U.S., rose nearly 3% after the Senate narrowly passed President Donald Trump’s bill on Tuesday. AES, a leading renewable provider, rose almost 2%. The megabill will now go to the House of Representatives, where lawmakers will consider the Senate’s changes. The clean energy industry was surprised and outraged to find over the weekend that a tax on wind and solar projects had been inserted…

Outdoor working has been banned during the hottest parts of the day in more than half of Italy’s regions as an extreme heatwave that has smashed June temperature records in Spain and Portugal continues to grip large swathes of Europe.The savage temperatures are believed to have claimed at least three lives, including that of a small boy who is thought to have died from heatstroke while in a car in Catalonia’s Tarragona province on Tuesday afternoon.In Palermo, Sicily, a 53-year-old woman died on Monday after fainting while walking along a street. She had reportedly suffered from a heart condition.A 70-year-old…

(Investing) – Oil prices edged higher Tuesday, bouncing off three-week lows with traders awaiting more news on potential trade deals ahead of the latest OPEC+ output meeting. At 08:15 ET (12:15 GMT),  for September rose 0.7% to $67.18 a barrel, climbing from their lowest level since June 11, just before the onset of the Israel-Iran war, while  gained 0.8% to $65.62 a barrel. U.S. tariff optimism grows  Oil markets are becoming cautiously optimistic that the Trump administration will be able to agree trade deals, as a July 9 deadline set by President Donald Trump to reach deals with the U.S. draws closer. U.S.…