Author: omc_admin

I’ve been reviewing TVs for over a decade, and every year, I test the latest and greatest displays. From affordable QLED sets to premium OLED models, stores are filled with options. But don’t worry — I’m here to help make your shopping experience easier with a curated list of the best TVs.My top pick for most people is the Samsung S90D. All things considered, this model offers the best balance between price and performance, with deep black levels that disappear into a dark room, vibrant colors, and solid smart TV features. However, shoppers who want to spend less should check…

(Bloomberg) – Exxon Mobil Corp. plans to invest $1.5 billion in a deepwater oil field in Nigeria as Africa’s top producer looks to boost output, according to the nation’s regulator. The investment, expected within the next two years, will focus on reviving production in the Usan field and is in addition to funding earmarked for planned developments in Owowo and Erha, the Nigerian Upstream Petroleum Regulatory Commission said in a statement Tuesday, citing a visit by Shane Harris, Exxon’s managing director in Nigeria. The producer aims to reach oil output of 2.4 million barrels a day after dropping to less…

Amazon has introduced a new robot called Vulcan, designed to pick and stow items in its fulfillment centers using a sense of touch. The company revealed the system at its Delivering the Future event in Dortmund, Germany, calling it a major step forward for robotics and warehouse automation. What’s Related“Vulcan represents a fundamental leap forward in robotics,” said Aaron Parness, Amazon’s Director of Applied Science. “It’s not just seeing the world, it’s feeling it, enabling capabilities that were impossible for Amazon robots until now.” Unlike earlier robots, Vulcan uses sensors to detect contact and pressure, allowing it to handle items…

Despite slumping oil prices, global refiners are turning in strong first-quarter earnings, thanks to a sharp rebound in profit margins, Reuters reports, with U.S. Gulf Coast refiners processing Mars crude enjoying a doubling of margins to some $16 per barrel, $7 margins in Singapore for Dubai crude, and a 36% margin jump in Asia for Arab Light crude. All in all, we’re looking at refining margins for the first-quarter of this year that are better than 2024, even as upstream margins weaken and the industry at large expresses concern over a cooling global oil demand outlook. For now, we are witnessing cheap…

WASHINGTON — The U.S. Department of Energy (DOE) today announced three new policy actions that are projected to save more than $935 million annually for the American taxpayer, while expanding American innovation and scientific research. In three new policy memorandums, the DOE announced that it will follow best practices used by fellow grant providers and limit “indirect costs” of DOE funding to 10% for state and local governments, 15% for non-profit organizations, and 15% for for-profit companies.The Energy Department expects to generate over $935 million in annual cost savings for the American people, delivering on President Trump’s commitment to bring greater…

Zephyr Energy has announced successful initial results from the production test on the State 36-2 LNW-CC-R well at the company’s flagship project in the Paradox basin, Utah. During the production test, the well was tested at multiple flow rates in order to gather data to determine the flow capacity of the well, to provide an early estimate of potential resource volumes, and to obtain high quality fluid samples. We are pleased to report that the production test successfully delivered on all these key objectives, and, most importantly, the test data gathered suggests that there is more than sufficient…

Independent Chinese refiners have started to experience difficulties in procuring cheap Iranian crude oil while others have stopped purchases from Iran, after the United States sanctioned two independent refiners in the past two months, sources with knowledge of the issue have told Reuters.Chinese crude oil imports topped 12 million barrels per day (bpd) in March, the highest volume since August 2023, as flows of Iranian and Russian crude rebounded from the lows seen early this year with the U.S. sanctions.However, in March and April, the U.S. sanctioned two small independent Chinese refiners, also known as “teapots” for purchasing and transporting…

The United States has announced a ‘breakthrough deal’ with the United Kingdom that would create an aluminium and steel trading zone and secure the pharmaceutical supply chain. The deal affirms that “reciprocity and fairness is a vital principle of international trade” and increases access for US agricultural products, US President Donald Trump said on Thursday, though he added that the final details were still being written up. “The final details are being written up,” Trump told reporters. “In the coming weeks, we’ll have it all very conclusive.” The deal, the first one struck by the US since Trump imposed his…

OPEC+ producers led by Saudi Arabia have launched a “slow grind” oil price war that could last for more than a year, according to Bank of America. OPEC+ has agreed to surge oil supply by 411,000 barrels per day for two consecutive months, after cutting production for years. Oil prices fell to the lowest level in four years earlier this week in response, as the supply increase has coincided with President Donald Trump ‘s trade war. “The question is not so much whether OPEC+ is in the midst of a price war but rather what kind of price war it…

Oil prices have risen by 3%, with Brent crude nearing $63 and WTI approaching $60, buoyed by optimism around upcoming U.S.-China trade negotiations. U.S. Treasury Secretary Scott Bessent is set to meet with China’s top economic official on May 10 in Switzerland to address the ongoing trade war that has been impacting global markets. According to SEB analyst Ole Hvalbye, hopes for progress in the talks are providing support to the oil market.However, analysts are cautioning that volatility remains due to the tariff-driven risks. Jim Ritterbusch from Ritterbusch and Associates notes that the global risk premium of past years has…