Author: omc_admin

New Jersey Transit urged riders to reach their destinations before the end of the day Thursday or risk being stranded as talks continued in a bid to avert a rail strike by train engineers that would affect some 350,000 commuters who work in New Jersey and New York City.The advisory provided riders with details on contingency plans that would take effect if engineers walk off the job at 12:01 a.m. EDT Friday. The agency plans to increase bus service, saying it would add “very limited” capacity to existing New York commuter bus routes in close proximity to rail stations and…

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UK-based Altilium has completed large-scale EV battery cell manufacturing trials using recycled cathode materials. The test results show near-identical performance to conventional materials, supporting industrial-scale circularity and the creation of a domestic battery supply chain. Altilium, a UK clean technology company, says the pilot, carried out at the UK Battery Industrialisation Centre (UKBIC) in Coventry, demonstrated that lithium-ion cells made with Altilium’s EcoCathode NMC 811-2036 CAM perform comparably to those using conventional mined materials, marking a key milestone in industrial battery circularity. The trials involved Altilium using cathode active material (CAM) recovered from end-of-life electric vehicle batteries at the company’s…

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Toronto-based lithium battery recycling firm Li-Cycle said on Wednesday that it has filed for bankruptcy protection in Canada and expects to start a formal sale for its business or assets.The firm’s U.S. units have also commenced proceedings in the U.S. Bankruptcy Court for the Southern District of New York.Li-Cycle has entered into a $10.5 million debtor-in-possession financing and a stalking horse credit bid for at least $40 million with London-listed Glencore, its largest secured creditor.In March, Li-Cycle said it is seeking buyers for its business or assets as it needs additional funding to maintain operations. Glencore…

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The Chinese bus manufacturer Yutong has started series production for the new generation of the electric double-decker U12DD. The model is set to bring comprehensive improvements in the areas of safety, durability, energy efficiency, comfort and intelligent functions. The first next-generation Yutong U12DD has now rolled off the production line in the Chinese city of Zhengzhou. Li Jia, Deputy CTO of Yutong High-End and International Engineering, explained that the launch of the U12DD is not only a product improvement, but also a strategic realisation of Yutong’s high-end strategy for new energy buses. Kent Chang, CEO of Yutong Asia-Pacific, added that…

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(Oil Price) – On the heels of my recent article outlining how California’s unique fuel regulations — not corporate price gouging — are driving up gasoline prices in the state, new developments have added urgency to that conversation. On May 6, California Senate Minority Leader Brian W. Jones (R-San Diego) sent a letter to Governor Gavin Newsom sounding the alarm over what could become an energy and economic crisis in the state. Citing an analysis by University of Southern California professor Michael Mische, the letter warns that gas prices could spike 75% by 2026 — reaching as high as $8.43 per gallon — if two…

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Advanced battery materials specialist Vianode and Fortum Battery Recycling have signed an MoU to develop a sustainable value chain for EV battery materials. The partnership targets scalable graphite recovery, enabling low-carbon anode production. The recycled graphite will be assessed and optimised to meet the performance demands of next-generation battery applications. This includes enhancing its suitability for Vianode’s commercial-scale production lines, which are being developed to serve the growing demand from European and North American cell manufacturers. Vianode, which recently introduced its first recycled battery-grade graphite product, views the partnership as a vital step in achieving its goal of producing anode materials…

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Independent Petroleum Association of America (IPAA) President & CEO Jeff Eshelman issued the following statement congratulating Katharine MacGregor for her Senate confirmation to be the Deputy Secretary of the Department of Interior by a vote of 53-40: “The Trump Administration continues to fill important positions within the federal government with outstanding professionals who are committed to increasing American energy dominance,” said Eshelman.  “Kate MacGregor is a valuable addition to Secretary Burgum’s team at the Department of the Interior and IPAA looks forward to working with her on various issues facing our members that operate on onshore and offshore…

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By Tsvetana Paraskova – May 15, 2025, 4:44 AM CDT Oil prices decreased sharply following comments from President Trump indicating the U.S. is close to a nuclear deal with Iran. Iran’s officials have suggested they would consider abandoning uranium enrichment if the United States lifts economic sanctions. Recent reports of a U.S. crude oil inventory build further contributed to the downward pressure on oil prices. Oil prices dipped by 4% early on Thursday after U.S. President Donald Trump said the United States were close to a nuclear deal with Iran, while a top Iranian officials hinted at Tehran abandoning…

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Asia’s imports of refined petroleum products plunged in April to the lowest level since 2020, due to higher spring refinery maintenance at key fuel exporters in the region and softer demand for gasoline and diesel.Asia’s imports of light and middle distillates slumped to 166.37 million barrels in April, down from 195.54 million barrels in March, according to data from commodity analysts Kpler cited by Reuters commodity columnist Clyde Russell.  Major fuel exporters in Asia, such as India, China, and Singapore, all saw falling fuel shipments last month. The drop was especially pronounced in India, the biggest fuel exporter in Asia, whose…

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The Persian Gulf Star gas condensate refinery in Bandar Abbas, Iran, on Jan. 9, 2019.Ali Mohammadi | Bloomberg | Getty ImagesOil prices fell sharply on Thursday on expectations that the U.S. and Iran may soon reach a deal over Tehran’s nuclear program.International benchmark Brent crude futures with July expiry were last seen trading 3.6% lower at $63.67 a barrel, while U.S. West Texas Intermediate futures stood at $60.64, down 4% for the session.Speaking in Doha, Qatar during his Middle East trip, U.S. President Donald Trump said the U.S. was getting close to securing a nuclear deal with Iran.”We’re in very…

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