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New Delhi: Some Indian refiners are taking a cautious approach to Russian oil tenders, delaying orders for September-loading cargoes as they wait for clarity on how Trump’s proposed 25% oil purchase-linked penalty will play out. Executives at these refiners however said a hasty shift to alternative suppliers would tighten the market and risk pushing global oil prices higher.”We haven’t awarded any tender for Russian oil for September loading as yet,” said a refinery executive, adding that the company may do so in the coming days.Indian refiners tend to place orders a month before loading, and it typically takes another month…

MIAMI (AP) — A stronger and bigger Hurricane Erin pelted parts of the Caribbean and was forecast to create dangerous surf and rip currents along the U.S. East Coast this week.It reintensified to a Category 4 storm with 130 mph (215 kph) maximum sustained winds late Sunday as its outer bands lashed the Virgin Islands and Puerto Rico, according to the U.S. National Hurricane Center in Miami. Erin was forecast to bring tropical storm conditions to the Turks and Caicos Islands and the southeast Bahamas overnight into Monday.Additional strengthening was forecast for Monday followed by gradual weakening, but Erin was…

This as-told-to essay is based on a conversation with Surbhi Madan, 30, a senior software engineer at Google. She lives in New York. It has been edited for length and clarity. Business Insider has verified her employment and visa details.I came to the US in 2013 to pursue a bachelor’s at Brown University. I was inspired by my older brother, who went to the US for his master’s and liked the teaching approach.College was a big cultural adjustment, and I wasn’t prepared for how cold the East Coast got. Still, I loved building an independent life, finding new hobbies, and…

AI can create a diet plan, organize a calendar, and provide answers to an endless variety of burning questions. Can it also cause a psychiatric breakdown?David Sacks, the White House official spearheading America’s AI policies, doesn’t think so. President Donald Trump’s AI and crypto czar discussed “AI psychosis” during an episode of the “All-In Podcast” published Friday.While most people engage with chatbots without a problem, a small number of users say the bots have encouraged delusions and other concerning behavior. For some, ChatGPT serves as an alternative to professional therapists.A psychiatrist earlier told Business Insider that some of his patients…

MedcoEnergi has recorded a reduction of more than 1.5 million tons of Scope 1 and 2 greenhouse gas (GHG) emissions compared to its 2019 baseline. This amount surpasses the company’s 2025 target of 1.08 million tons CO₂e, or 20% of total emissions in the base year, MedcoEnergi shared.   This emission reduction is part of MedcoEnergi’s long-term plan to achieve Net Zero Scope 1 and 2 GHG emissions by 2050, and Scope 3 emissions by 2060. In implementation, the company has undertaken various initiatives, including efficiency and emission reduction programs across its operational areas in Indonesia and international assets.…

Rystad Energy’s latest research shows the global amount of discovered, recoverable oil resources has increased by 5 billion barrels (bbls) over the past year, even though 30 billion bbls were produced globally in 2024. This net increase was driven primarily by the delineation of upside potential in Argentina’s Vaca Muerta play and the Permian basin in Texas and New Mexico.  Chart from Rystad Energy Global recoverable oil resources, including estimates for undiscovered fields, stabilized at approximately 1.5 trillion bbls. The most significant revision over the last 10 years has been in yet-to-find resources, where our projection has been…

When Figma went public at the end of July, it marked a revival in the tech IPO market after a three-year lull.But Terrence Rohan, an early investor in Figma and its first board director, saw the company’s potential well before its blockbuster debut.”I think you could have very easily written an MBA-style case study on why Figma wouldn’t work,” he told Business Insider. The market seemed too small, the competition too intense, and the margins unworkable, Rohan said. There were many reasons to doubt its success.Rohan, however, said he saw potential in its founders, Dylan Field and Evan Wallace.”Dylan and…

Road closures, evacuations, travel chaos and stern warnings from officials have become fixtures of Canada’s wildfire season. But as the country goes through its second-worst burn on record, the blazes come with a twist: few are coming from the western provinces, the traditional centre of destruction.Instead, the worst of the fires have been concentrated in the prairie provinces and the Atlantic region, with bone-dry conditions upending how Canada responds to a threat that is only likely to grow as the climate warms.Experts say the shift serves as a stark reminder that the risk of disaster is present across the thickly…

ISLAMABAD (AP) — Cloudbursts are causing chaos in mountainous parts of India and Pakistan, with tremendous amounts of rain falling in a short period of time over a concentrated area. The intense, sudden deluges have proved fatal in both countries. As many as 300 people died in one northwestern Pakistani district, Buner, after a cloudburst. The strength and volume of rain triggered flash flooding, landslides and mudflows. Boulders from steep slopes came crashing down with the water to flatten homes and reduce villages to rubble. The northern Indian state of Uttarakhand had a cloudburst earlier this month. Local TV showed…

Elon Musk has made his feelings about the state of Delaware clear.”Companies should get the hell out of Delaware,” Musk wrote last August on X.Although Delaware’s Secretary of State told Business Insider its role as the “corporate capital of the world” is not under threat, states like Wyoming, Texas, and Florida — and especially Nevada — have emerged as popular alternatives.Musk’s unhappiness with Delaware began in 2024 after a judge for the state’s Court of Chancery denied his multi-billion-dollar pay package. In response, Musk attacked the court on X and advised others to avoid incorporating in Delaware. The billionaire has…