Author: omc_admin

Here’s how X’s new head of product said he got the job: “I’ve officially posted my way to the top.”Nikita Bier, a Los Angeles-based entrepreneur, posted a picture on X on Monday with the platform’s owner, Elon Musk, writing about how he landed his new appointment.”While I already spend every waking hour on this app, I’ll now be spending that time helping others unlock that same value,” he said in the post.Ladies and gentlemen, I’ve officially posted my way to the top:I’m joining @X as Head of Product.𝕏 is the most important social network in the world. It’s where internet…

The commerce, energy and interior departments, as well as the United States Army Corps. of Engineers and the Bonneville Power Administration, have withdrawn from an agreement signed by the previous administration to safeguard native fish populations in the Columbia River Basin. The December 2023 memorandum of understanding (MOU) launched a 10-year partnership with tribes, conservation groups and the states of Oregon and Washington to restore wild fish populations. That agreement pledged a federal investment of over $1 billion and enabled a 10-year break from decades-long litigation against the federal government’s operation of dams in the Pacific Northwest. The MOU followed…

PARIS (AP) — Barcelona has recorded its hottest month of June since records started over a century ago, Spain’s national weather service said.The Can Fabra Observatory, located on a hill overlooking Barcelona, reported an average temperature of 26 degrees Celsius (78 degrees Fahrenheit), breaking records since 1914. The previous hottest average for June was 25.6 C in 2003. The same weather station said that a single-day high of 37.9 C (100 F) for June was recorded on Monday, June 30.Barcelona is usually spared the worst heat in Spain, thanks to its location between hills and the Mediterranean in Spain’s northeastern…

Stay informed with free updatesSimply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox.Two of the Middle East’s largest oil companies are scaling back their multibillion-dollar acquisition sprees as expectations of a sustained drop in oil revenues curb their global dealmaking. Saudi Aramco, the world’s number-one crude producer, and Abu Dhabi National Oil Company, known as Adnoc, have been the industry’s most active buyers over the past three years, announcing more than $60bn of acquisitions to expand into gas, chemicals and lubricants. But advisers and people familiar with their thinking said the Gulf energy…

Nearly a third of India’s 307 licensed city gas distribution areas are still unconnected to the natural gas pipeline network, hampering faster fuel adoption and causing licensees to miss customer connectivity targets.A total of 91 licensed areas aren’t connected to the national gas pipeline network, with licensees in 44 of these areas using tankers to serve customers, according to the minutes of a meeting held by the Petroleum and Natural Gas Regulatory Board to review and help resolve the connectivity gaps. Twenty-one licensed areas remain unserved either by pipelines or tankers.During the meeting, it was decided that connectivity would be…

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New Delhi: India’s total demand for petroleum products is projected to grow at a compound annual growth rate (CAGR) of 5.37 per cent from 2025 to 2030, with diesel, petrol, aviation turbine fuel (ATF), and petroleum coke expected to drive the surge, according to a sectoral report by the PHD Chamber of Commerce and Industry.In FY24, India consumed approximately 233 million metric tonnes (MMT) of petroleum products. Diesel alone accounted for nearly 40 per cent of the total, followed by petrol at 15–16 per cent, LPG at 12–13 per cent, petroleum coke at 10–12 per cent, and aviation turbine fuel…

New Delhi: The government on Monday fixed the price of domestic natural gas at $6.89 per million British thermal units (mmBtu) on gross calorific value (GCV) basis for the month of July 2025, according to a notification issued by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas.The pricing has been determined in accordance with the MoPNG Notification No. L-12015/1/2022-GP-II dated April 7, 2023, which prescribes the procedure for revision of domestic gas prices.As per Paragraph 4 of the same notification, the gas produced by ONGC and OIL from their nomination fields will be…

PHILADELPHIA (AP) — Nearly 10,000 city workers in Philadelphia who collect trash, answer 911 calls, maintain city pools and perform other jobs went on strike Tuesday after contract negotiations broke down.District Council 33 President Greg Boulware said the city hadn’t agreed to a high enough wage increase, WPVI-TV reported.Mayor Cherelle Parker said the city would suspend residential trash collection, close some city pools and shorten recreation center hours, but vowed to keep the city running. Police and firefighters are not on strike.Parker, a pro-labor Democrat, promised that Fourth of July celebrations in the nation’s birthplace would go on as usual.…

Pictured above: the U.S. Strategic Petroleum Reserve (Bloomberg) — Total U.S. liquids production eked out a record-high of 20.83 million barrels a day (bpd) in April, up roughly 50,000 barrels from the previous month, according to the U.S. Energy Information Administration’s latest Petroleum Supply Monthly report released on Monday.  The number, which includes crude oil and natural gas liquids, came in roughly 340,000 barrels higher than a previous estimate for the month of April. U.S. diesel demand, a closely watched measure of the country’s economic health, was higher in April than early weekly estimates, the EIA also noted…