Author: omc_admin

Smoke billows in the distance from an oil refinery following an Israeli strike on the Iranian capital Tehran on June 17, 2025. Atta Kenare | Afp | Getty ImagesAnalysts are struggling to predict the extent to which Israel and Iran’s escalating conflict could influence oil prices.Israel’s surprise attack on Iran’s military and nuclear infrastructure on Friday has been followed by five days of spiraling warfare between the regional foes. U.S. President Donald Trump on Tuesday called for an “unconditional surrender” from Tehran, warning Washington’s patience was wearing thin.Energy markets are weighing the likelihood of direct U.S. involvement in the conflict, as…

After months of corporate courtship and NDA-flavored flirtation, LexisNexis and legal startup Harvey are finally putting a label on it: they’ve launched a “strategic alliance.”The partnership lets Harvey users who also subscribe to LexisNexis access its deep trove of legal content and citations directly within Harvey’s app — a hookup that strengthens Harvey’s claim as the go-to provider of legal software. The integration launches later this year.Harvey’s software assists lawyers with legal drafting and review. However, its product had a gaping hole. It provided users with access to public case law databases but not LexisNexis or Westlaw, which control a…

Artificial intelligence’s impact is so big that even the people building it aren’t safe.Amazon CEO Andy Jassy said AI will change the tech giant’s workflow and generate “efficiency gains” that will ultimately “reduce our total corporate workforce.”Put more bluntly: AI means we’ll need less of you to keep things running.The message wasn’t well received by many Amazon employees, BI’s Eugene Kim reports. “There is nothing more motivating on a Tuesday than reading that your job will be replaced by AI in a few years,” one person wrote in an internal Slack channel viewed by Eugene.Tech executives haven’t been shy about…

A KC-135 Stratotanker aircraft refuels a B-2 Spirit aircraft with the 509th Bomb Wing over Kansas Aug. 29, 2012.U.S. Air Force photoDUBAI, United Arab Emirates — Iran is staring down the possibility of seeing its most important nuclear facilities hit by a 30,000-pound American bomb.White House officials on Tuesday told NBC News that U.S. President Donald Trump is considering a range of options including striking Iran directly, after the American leader repeatedly asserted that his administration would not allow Iran to continue its nuclear program or reach bomb-making capability.Trump called for Iran’s “unconditional surrender” and wrote in a post on…

Goldman Sachs Asset Management (GSAM) announced today the launch of the Goldman Sachs Emerging Markets Green and Social Bond Active UCITS ETF (GEMS), expanding its range of European market active ETFs with a new sustainability-focused offering. The new funds follow the launch earlier this year by GSAM of its first actively managed fixed income ETFs in EMEA, followed by a series of active equity ETFs in April 2025. Hilary Lopez, head of the EMEA Third Party Wealth Business at Goldman Sachs Asset Management, said: “Our clients are showing continued demand for access to leading active capabilities, combined with the control…

Tokyo Gas, the biggest city gas supplier in Japan, doesn’t import LNG from Middle Eastern exporters so its supply of the super-chilled fuel is not being directly impacted by the Israel-Iran conflict, a top executive said on Wednesday. Japan is the world’s second-biggest LNG importer after China. Fears have mounted on the energy markets that the escalating hostilities between Israel and Iran could lead to disruption of oil and gas supply in case of direct hits on export infrastructure or a blockade of the vital shipping lane the Strait of Hormuz. “Since we don’t import LNG from Qatar or UAE, our LNG procurement…

Malaysia’s national oil and gas company has committed to purchasing one million metric tons per annum (MMtpa) for 20 years from Kimmeridge Energy Management Co. LLC’s planned Commonwealth LNG project in Louisiana. Petroliam Nasional Bhd. (Petronas) also entered into a non-binding heads of agreement with Woodside Energy Group Ltd. for the purchase of one MMtpa from the Australian company’s global portfolio, including the under-construction Louisiana LNG, for 15 years. Delivery is set to start 2028. “Collaborating with Commonwealth LNG will expand our supply node and strengthen our presence in the global LNG market”, Shamsairi M Ibrahim, Petronas vice president for…

Antarctic seal populations are drastically declining as the sea ice melts around them, new research has shown.Researchers from the British Antarctic Survey (BAS) have been monitoring the seal population in the sub-Antarctic since the 1970s, looking in particular at three different seal species in the sub-Antarctic on Signy Island: Weddell seals, Antarctic fur seals and southern elephant seals.Using satellite records from as far back as 1982, the research team compared annual changes in sea ice concentration with seal population counts conducted since 1977. With five decades worth of data spanning a period of long-term warming and temporary cooling between 1998…

Carbon removal solutions provider Climeworks announced a new strategic partnership with enterprise application software company SAP, aimed at providing companies with end-to-end carbon management solutions, and introducing carbon removals into SAP’s own net zero strategy. Carbon dioxide removal (CDR) technologies like DAC are increasingly viewed as essential for companies – especially those with hard-to-abate emissions – to achieve their net zero targets. As such, investment in and adoption of these technologies is gaining momentum among companies seeking credible and long-term climate strategies. Under the new partnership, the two companies have initiated a co-creation process to provide solutions to manage a…

(Oil Price) – Canada’s new Prime Minister Mark Carney faces his first real challenge to Canadian unity amid a soured relationship with the long-time trade partner and ally, the United States. A movement to secede from Canada is growing in the oil-rich province of Alberta, which contributes a large part to Canadian economy and budget and has the highest gross domestic product (GDP) per capita among Canadian provinces. Alberta could hold a referendum to leave Canada next year if a citizen-led petition gathers the requisite number of signatures requesting such a question to be put to a referendum. Danielle Smith, the Premier of…