Author: omc_admin

Exxon Mobil hit record highs this week after rubbing President Donald Trump the wrong way at a White House meeting on investment in Venezuela. Trump said Sunday he is inclined ” to keep Exxon out ” of Venezuela, after CEO Darren Woods told the president that the South American nation is ” uninvestable .” Exxon’s stock briefly dipped more than 1% on Monday after Trump’s threat, but investors ultimately shrugged off the president’s remark with shares closing off the lows. The oil major’s stock subsequently rose 2% the following day to close at a record of $126.54. It gained nearly…

Google is escalating the competition in artificial intelligence by leaning into a key advantage its rivals largely lack: an ecosystem of consumer apps used daily by billions of people.On Wednesday, Google unveiled Personal Intelligence, a new beta capability in the Gemini app that allows the assistant to tailor responses by reasoning across a user’s connected Google services, starting with Gmail, Photos, Search, and YouTube history.The feature rolls out in the US on Wednesday to Google AI Pro and AI Ultra subscribers. The company said it will also bring the technology to the free Gemini app and AI Mode in Search.While…

Sweden-based climate and nature solutions provider Milkywire announced that it has completed $5 million of carbon removal pre-purchase agreements for CRM solutions provider Salesforce with 19 suppliers spanning multiple technologies, aimed at supporting early-stage carbon removal pathways with high long-term potential. According to Salesforce, the new commitments form part of its pledge as a founding member of the First Movers Coalition (FMC), to contract for $100 million in CO2 removal solutions, in order to help scale Carbon Dioxide Removal (CDR) solutions through 2030. Jamila Yamani, Director of Climate and Energy at Salesforce, said: “To tackle climate change at the pace…

Marketers champing at the bit for AI chatbots to become the next major ad surface may have to suppress their appetites a little longer.With Google’s Gemini surging in popularity, speculation has been bubbling in the ad industry that the app might be on the cusp of introducing ads to capitalize on the moment — and help offset the hefty AI infrastructure costs.Not so, according to Google’s VP of global ads, Dan Taylor. In an interview with Business Insider this week, Taylor reaffirmed there are “no plans for ads in the Gemini app.”Instead, the ads team is prioritizing ad placements within…

By Irina Slav – Jan 14, 2026, 9:39 AM CST Crude oil inventories in the United States increased by 3.4 million barrels during the week ending January 14, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 422.4 million barrels according to government data, which is 3% below the five-year average for this time of year.The EIA’s data release follows API’s figures that were released a day earlier, which suggested that crude oil inventories grew by 5.27 million barrels.Crude prices were trading up again on Wednesday morning after gaining…

In a report published recently, GasBuddy revealed its average U.S. gasoline price prediction for 2026. According to this report, the company expects the U.S. gasoline price to come in at $2.97 per gallon this year and sees December as the month with the lowest average U.S. gasoline price in 2026, at $2.83 per gallon. GasBuddy expects May to see the highest average U.S. gasoline price in 2026, at $3.12 per gallon, the report outlined. “GasBuddy’s forecast projects the national average price of gas to fall to $2.97 per gallon in 2026, marking the fourth consecutive annual decline and the lowest…

China is expected to see a plunge in imports of oil from Venezuela in February as the now month-long U.S. blockade has prevented many China-bound cargoes from leaving Venezuelan waters.  The deliveries of crude and fuel oil from Venezuela to China in February are estimated at just 166,000 barrels per day, as just 5 million barrels of Venezuelan crude and fuel oil have managed to leave the South American country in recent weeks, analysts and traders tell Reuters. To compare, Venezuela’s exports of combined crude and fuel oil to China averaged about 642,000 bpd in 2025, as per internal documents of Venezuelan…

Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs) announced the publication of their finalized Guidelines on environmental, social, and governance (ESG) stress testing, aimed at enabling national regulators to integrate ESG risks into their supervisory stress tests for banks and insurance companies. The ESAs include The European Securities and Markets Authority (ESMA), The European Banking Authority (EBA), and The European Insurance and Occupational Pensions Authority (EIOPA). According to the ESAs the new guidelines are designed to establish common standards for embedding ESG risks into stress testing methodologies across the EU’s financial system, ensuring that competent authorities consistently…

Britain stepped up support for offshore wind in the latest subsidy auction, showing the government is still determined to meet its ambitious 2030 clean-power goal even as costs rise. The 8.2 gigawatts of offshore wind beat analysts’ expectations and will boost the likelihood of the government delivering on its promise to almost totally exit fossil fuels in power generation. The UK now needs around 7 gigawatts of new capacity in the next auction, which is the last realistic chance to get projects built in time.   The government will pay developers more for projects won in this auction compared with…

Technical Breakout Clears Path, But Fundamentals Tell Different Tale With all of the short-term technical resistance wiped out this week either by short-covering or new speculative buying, all traders have to do now is sit back and wait for the news to play out. Short-sellers took their positions on real data showing a worldwide glut. New longs are betting on potential Iranian supply disruptions. API Data Shows Significant Inventory Builds Amid Rally However, the supply picture tells a different story. Late Tuesday, the American Petroleum Institute (API)reported significant builds in U.S. crude and products. Crude stocks in the U.S., the…