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2025-06-21T00:30:38Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Cluely announced Friday it landed $15 million in funding led by Andreessen Horowitz. The startup launched earlier this year with a pledge to help users “cheat on everything.” Cluely aims to reach 1 billion views across all its platforms, cofounder Roy Lee said. Cluely, the San Francisco startup that promised to help…

(Oil Price) – Canada’s Strathcona Resources supports MEG Energy in its process to explore potential mergers after MEG recommended that shareholders reject a $4.4 billion (C$6 billion) takeover offer from Strathcona. Last month, Strathcona, MEG’s second-largest shareholder with about 9%, made an offer to acquire MEG Energy for the equivalent of some $4.4 billion in cash and stock. A deal would have turned the combined company into the fourth-largest oil producer among companies using team-assisted gravity drainage recovery technology in the oil sands. It would also have also resulted in the fifth-largest oil company in Canada overall, Strathcona said, positioning it for an…

A few years ago, solar power became the “cheapest electricity in history”, but it still lacked the ability to meet demand 24 hours a day and 365 days a year. Since then, there have been significant improvements in the cost and performance of batteries, making it cheaper than ever to pair solar with energy storage using batteries. In our new Ember “white paper”, we present modelling showing that solar with batteries in major sunny cities, such as Las Vegas or Mexico City, can now get more than 90% of the way to continuous generation, at costs below those of coal…

(World Oil) – Namibia will offer financial incentives to help kick-start the development of oil fields managed by a group led by TotalEnergies, according to a special adviser in the presidency. TotalEnergies and Shell Plc in 2022 made the first in a series of finds off the coast of the southwest African nation. But the explorers have also hit dry wells, prompting them to write off drilling costs as they learned more about the fields. “The government recognizes the complexities and high costs associated with the development of the Venus oil field by TotalEnergies,” Kornelia Shilunga, special adviser and head of…

After more than 35 years in the business, Accenture is giving consulting a new name: “reinvention services.”The global consulting firm reported its earnings on Friday, highlighting a generally positive performance for the third fiscal quarter of 2025. The firm reported revenue of $17.7 billion, an 8% increase from this time last year.While new bookings were down 6% compared to the third quarter in 2024, Accenture CEO Julie Sweet told CNBC on Friday that the firm was “really pleased” with its bookings and that demand for its services could be seen in its revenue.Sweet said on the earnings call that AI…

Meanwhile, Platinum ETFs and institutional positioning have surged, with investment demand forecast to hit 688,000 ounces in 2025. Analysts at TD Securities warn that ETF accumulation is now draining the free float – setting up the potential for tightening liquidity and a short-squeeze. Platinum’s Supply Crisis Is Accelerating The bullish setup doesn’t stop at demand. The supply side is even more explosive. The World Platinum Investment Council, forecasts a 966,000 ounce deficit in 2025 – marking a third consecutive annual shortfall. Meanwhile, physical stockpiles could drop below 2.5 million ounces, covering just 2 to 3 years of consumption at current…

Majority state-owned Ecopetrol SA has let a contract to John Wood Group PLC to provide engineering works for a planned clean-fuels project at the operator’s 250,000-b/d Barrancabermeja refinery in Santander, Colombia. As part of the June 19 contract, Wood will deliver detailed engineering design for associated upgrades as part of Ecopetrol’s Línea Base de Calidad de Combustibles (LBCC)—or fuel quality baseline—project, which is designed to improve the refinery’s quality of gasoline production, as well the site’s environmental performance, the service provider said. Wood said its scope of work on the LBCC project will include redesigning existing processing infrastructure within the…

Oil fell after President Donald Trump signaled a decision on whether to strike Iran will be made within two weeks, easing concerns about an imminent attack from the US. Global benchmark Brent slid about 2.3% to settle as just above $77 a barrel after the White House comments on Thursday and a Reuters report that Tehran is ready to discuss limitations on uranium enrichment. Trading volumes for West Texas Intermediate were muted because of the US holiday and a contract expiration on Friday. The US benchmark for August delivery settled just below $74 a barrel. Iranian Foreign Minister Abbas Araghchi…

Scores of millions of people across the central and eastern US will swelter under the summer’s first “heat dome” beginning this weekend and extending through the end of next week as extreme hot air and humidity get trapped in the atmosphere.The arrival of the heatwave coincides with Friday’s first day of summer and will bring temperatures at or above 100F (37.7C) to numerous cities as it moves to the east of the US in the coming days, forecasters say.As estimated 170 to 200 million people will be affected from the central Great Plains to mid-Atlantic states including New York, New…

(World Oil) –  A week since Israel and Iran started to exchange missile barrages, oil tanker transits through the critical Strait of Hormuz have remained largely steady. A seven-day rolling average for oil tankers above 10,000 deadweight tons that sailed through the Strait — the passageway for the Persian Gulf’s energy supplies to the world — was approximately 42-to-45, according to vessel-tracking data compiled by Bloomberg. Total commercial traffic amounted to about 110 vessels with a small dip in inbound flows, mainly of bulk carriers. While most loading and discharge activities appear to be on schedule, discerning clear trends is…