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FRANKFURT, Germany (AP) — Inflation in the 20 countries that use the euro fell to 1.9% in May from 2.2% in April, clearing the way for more rate cuts from the European Central Bank to support growth in the face of U.S. President Donald Trump’s tariff offensive. Lower energy prices helped bring consumer prices in May to below the ECB’s 2% target for the first time since September. Increasing signs that inflation is back under control after a painful outbreak in 2021-23 leaves room for the ECB to turn its attention to worries about the impact of a slew of…

The social network Blind had real juice when I wrote about it in June 2022. It gave 5 million tech workers a place to anonymously talk smack about their employers. Identified only by their workplaces, Blinders traded office gossip, swapped tips on acing technical interviews at places like Apple and Google, and voluntarily shared their Total Compensation — “TC,” in the site’s argot. Blind served as a giant, freewheeling water cooler for Silicon Valley.Back then, the tech industry was on the verge of what would be a catastrophic downturn in hiring. But Blinders didn’t seem worried. They were too busy…

Getech Group plc, a leading locator of subsurface energy and mineral resources, and STRYDE, the onshore nodal seismic imaging experts, have jointly announced the launch of a new high impact targeting and exploration service designed to help energy and natural resource companies explore faster and more effectively, while reducing exploration risk and cost.  This new offering, available globally to natural resource explorers and subsurface storage pioneers, is a fully integrated geoscience solution, enabling companies to explore, evaluate and model resource potential – delivering decision-ready subsurface intelligence that reduces uncertainty and guides smarter, more targeted exploration investment.  Already deployed…

Rosneft Oil Co. has reported RUB 2.28 trillion ($28.85 billion) in revenue for the first quarter (Q1), down 8.5 percent from the prior three-month period on weaker Urals crude oil prices. The Russian state-owned integrated oil and gas company produced 3.68 million barrels per day (bpd) of liquid hydrocarbons in the January-March 2025 period, constrained by “challenging weather conditions in Central Russia, and oil production cap in compliance with the decisions of the Russian Government”, Rosneft said in an online statement. Gas output averaged 1.37 million barrels of oil equivalent (boe) a day, totaling 20.2 billion cubic meters (713.36 billion…

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Crude oil prices extended their climb that began Monday as concerns about supply security deepened.At the time of writing, Brent crude was trading at $64.85 per barrel and West Texas Intermediate was changing hands for $62.82 per barrel, after rising by about 3% on Monday, per Reuters.The benchmarks reacted to the latest escalation between Russia and Ukraine, which many seem to expect to spread to Russian oil targets, and to a report saying Iran was about to reject a U.S. proposal for a nuclear deal that would require Tehran to stop any uranium enrichment activities.“Iran is drafting a negative response…

QPM Energy Limited has executed two funding agreements with foundation customer Dyno Nobel Ltd. to refinance existing facilities and strengthen QPM’s balance sheet. QPM said in a regulatory filing that there will be no change to the existing Development Funding Facility, which is being used to fund the drilling of new wells and other infrastructure optimization and development projects at the MGP. The company said that the facilities will be used to fully repay its existing working capital facility with Dyno, currently drawn to $27 million, and provide a stable, funded platform to underpin the growth of QPM’s gas supply…

Brazil’s energy ministry has proposed measures to raise around 35 billion reais ($6.2 billion) from the oil industry over the next two years to help the government meet its fiscal targets.  On Monday, Mines and Energy Minister Alexandre Silveira presented measures to President Luiz Inacio Lula da Silva that include selling oil exploration licenses and a review of the reference prices used to calculate oil taxes, the ministry said in a message. If approved, it would be an alternative to a controversial increase in tax rates on some financial transactions.  Finance Minister Fernando Haddad has been struggling to deliver on…

Tamboran Resource Corporation has closed the first tranche of its Private Investment Public Equity (PIPE) of Common Stock to fund ongoing drilling activities to reach plateau production at the proposed SS Pilot Project. Tamboran said in a regulatory filing that it expects to receive gross proceeds of approximately $55.4 million upon closing the second tranche of the PIPE, before deducting placement agent fees and other offering expenses. Pursuant to the closing of the first tranche, Tamboran Resources issued 2,180,515 common shares at $17.74 per share. The first tranche raised approximately $38.7 million, with Bank of America acting as the sole…

Maintenance season for liquefied natural gas plants in the United States caused a decline in exports of the superchilled fuel in May, with the number at 8.9 million metric tons, from an all-time high of 9.3 million tons in April.The data came from LSEG, as reported by Reuters, which noted that the largest LNG production facility in the country, Cheniere Energy’s Sabine Pass plant, operated at the lowest rate in two years due to maintenance.Of the total exports in May, the biggest chunk went to Europe, as is now usual, at 6.05 million tons, accounting for 68% of the total.…