Author: omc_admin

India’s ethanol transition is outpacing consumer awareness. When Rahul Vaidya noticed his 2019 Volkswagen Vento’s mileage drop from a steady 11-12 kmpl to just 7-8 kmpl, he initially blamed it on traffic. Or maybe it was the age of the car, he thought.Over time, he figured that the response to a dab on the accelerator wasn’t as crisp as it used to be. The ride felt heavier, and the fuel gauge continued to hover near E faster than ever.After months of living with these issues, he finally took his car to the service centre. The diagnosis was swift – his…

Relentless heat and raging wildfires continue to ravage southern Europe, with one-quarter of weather stations in Spain recording 40C temperatures as the prime minister urged people to “leave the climate emergency outside of partisan struggles”.The Spanish weather agency, Aemet, recorded a high of 45.8C in Cádiz on Sunday, as one in eight weather stations nationwide hit peaks of at least 42C (108F) It warned of “very high or extreme fire danger” in most of the country in a post on social media on Monday.“Although the heatwave is starting to subside, very high temperatures will still be reached today in the…

The market caught a slight bid after White House trade adviser Peter Navarro took a swing at India for buying Russian crude, arguing those flows are effectively financing Moscow’s war effort. That’s rekindled some of the old supply fear trade, and it’s probably what’s supporting crude here. Navarro’s quote—calling India a “global clearinghouse” for Russian oil—was sharp enough to stir up fresh concern that energy markets are still very much at the mercy of political brinksmanship. Trump’s Position on Ukraine Puts Pressure on Sentiment The market’s also got an eye on today’s meeting between Trump and Ukrainian President Zelenskiy, which…

Singapore: Four liquefied natural gas (LNG) tankers carrying cargoes from Russia’s Arctic LNG 2 plant, sanctioned over Moscow’s war in Ukraine, are headed east toward Asia, according to ship tracking data from Kpler and LSEG.The Christophe De Margerie tanker is travelling along the Northern Sea Route after loading at Arctic LNG 2 on August 9, according to Kpler data. The tanker is currently off the northeast coast of Russia, the data showed. LNG tankers Voskhod and Zarya, which loaded on July 16 and 29 respectively and had been idling near Arctic LNG 2, started traveling eastward on August 15, the…

India should halt purchases of Russian crude oil as the trade undermines efforts to isolate Moscow, the White House trade adviser Peter Navarro wrote in an op-ed published in the Financial Times on Monday.The world’s third-largest crude oil importer, India, has significantly boosted Russian oil imports since 2022, when Russia’s oil was banned in the West. Russia currently accounts for about a third of India’s oil purchases, becoming the single largest crude supplier to India.“India’s dependence on Russian crude is opportunistic and deeply corrosive of the world’s efforts to isolate Putin’s war economy,” Navarro wrote.“In effect, India acts as a…

Any talks about U.S. sanctions towards Russia are now blowing in the wind. That’s what Bjarne Schieldrop, Chief Commodities Analyst at Skandinaviska Enskilda Banken AB (SEB), said in an oil report sent to Rigzone by the SEB team on Monday morning. “Instead, we’ll likely see unwinding of whatever sanctions are active today,” Schieldrop stated in the report. “That should in principle be bearish for oil and gas prices, not bullish like we see Brent ticking a little up this morning,” he added. In the report, Schieldrop described the meeting between U.S. President Donald Trump and Russian President Vladimir Putin on…

The European Union economy emitted about 900 million metric tons of carbon dioxide equivalent in the first quarter, up 3.4 percent from the same three-month period last year, according to official estimates. The increase came as the 27-member bloc’s gross domestic product (GDP) grew 1.2 percent year-on-year in the January-March 2025 quarter, the European Commission said in a statement. The sectors with the biggest shares of emissions were households (25.5 percent), electricity and gas supply (19.3 percent) and manufacturing (18.6 percent). The two sectors responsible for the highest year-over-year increases were electricity, gas, steam and air conditioning supply, up 13.6…

AT&T helped shape the modern telecommunications industry — now it has to reinvent itself.”It’s kind of a once-in-a-lifetime opportunity, honestly, or at least once-in-a-career opportunity to be able to rebuild networks like that,” the company’s technology chief, Jeremy Legg, said Monday at a KeyBanc tech conference.For more than a century, AT&T built and maintained a vast network of copper wires and dedicated switches that carried voice and data across the us.But that legacy infrastructure is no longer suited to 21st-century demands for speed and mobility that are better served by fiber optic networks and wireless spectrum.AT&T is now running enough…

Northwest Colorado and southwest Wyoming have an estimated 3 million barrels of oil and 666 billion cubic feet of gas that are recoverable, the United States Geological Survey (USGS) said in a recent assessment.The Phosphoria Total Petroleum System, which has been producing oil and gas since 1920, has pumped a total of 500 million barrels of oil and 2.5 trillion cubic feet of natural gas over the past 100 years, according to the USGS estimates.The system may be nearing depletion, the USGS assessment found, despite the volumes of still recoverable resources.  “USGS energy assessments typically focus on undiscovered resources – areas…

TORONTO (AP) — The Canada Industrial Relations Board declared a strike by 10,000 Air Canada flight attendants illegal Monday and ordered them back on the job after they ignored an earlier order to return to work and submit to arbitration.The strike at Canada’s largest airline entered its third day on Monday and is affecting about 130,000 travelers per day during the peak summer travel season. The two sides remain far apart on pay and other issues. Air Canada suspended plans to restart operations Sunday after the union defied a return-to-work order and said workers would not go back to work.…