Author: omc_admin

Electricity generation from hydrocarbons in China surged to the highest in a year last month driven by record temperatures, Reuters reports, citing official Beijing data.Total generation from coal and gas rose by 4.3% last month to 602 billion kWh, as wind and solar cannot meet such swings in demand and as hydropower output declined amid typical summer drought conditions.The report noted, however, that overall, electricity generation from coal and gas has been on a downward trend since the start of the year and that 2025 may become the first year China’s electricity output from hydrocarbon-powered facilities declines. The decline has…

SAN JUAN, Puerto Rico (AP) — Heavy rains that could lead to flooding and landslides are expected in Puerto Rico and the Virgin Islands as Tropical Storm Erin approached the region Friday.The storm was located several hundred miles east of the northern Leeward Islands and has maximum sustained winds of 70 mph (113 kph), according to the National Hurricane Center in Miami. It was moving northwest at 17 mph (28 kph.)Tropical storm watches are in effect for parts of the Leeward Islands, and tropical storm conditions are also forecast for the U.S. and British Virgin Islands and Puerto Rico over…

Vanuatu’s Climate Change Minister Ralph Regenvanu (C) delivers a speech as he attends a demonstration ahead of the International Court of Justice (ICJ) session tasked with issuing the first Advisory Opinion (AO) on States’ legal obligations to address climate change, in The Hague on July 23, 2025. John Thys | Afp | Getty ImagesGripped by corporate earnings season and U.S. President Donald Trump’s back-and-forth tariff policy, investors largely shrugged off a historic climate ruling from the world’s top court.But for some, the International Court of Justice’s (ICJ) recent advisory opinion on state’s legal obligations in the face of climate change…

A world heritage site that was once a famous tourist destination is suffering from signs of disintegration, as climate change affects weather patterns.The wavy-walled houses covered with singular geometric lines of the Royal Court of Tiébélé in Burkina Faso, established in the 16th century, are recognisable all over the world. The paintings represent the thoughts, culture, and religion of the Kassena people, literally written on the walls.Tiébélé in southern Burkina Faso is one of only four Burkinabé sites on the Unesco world heritage list. But it is now on the brink of extinction. “Nowadays, it’s easier to build with metal…

The criteria to get into Robinhood’s founders club: Be among the 150 best-performing people at the company.In an episode of the “Cheeky Pint” podcast published on Wednesday, Robinhood’s CEO Vlad Tenev said he has created a community of the best people across the company to ensure he is not just interacting with direct reports.”When I induct people into this community, I usually give a spiel,” he said. “If there was a disaster or some kind of apocalyptic scenario, and we had to rebuild Robinhood with 150 people, you would be in that group.”Tenev, who cofounded the company in 2013, said…

CHOSITI, India (AP) — Rescuers searched for missing people in a remote village in India-controlled Kashmir on Friday after flash floods caused by torrential rains a day earlier left at least 60 people dead, officials said.Teams of disaster management officials, police and soldiers helped by local villagers scoured the devastated Himalayan village of Chositi on Friday.Officials halted rescue operations overnight but rescued at least 300 people Thursday after a powerful cloudburst triggered floods and landslides. Officials said many missing people were believed to have been washed away. More rescue teams were headed to the area to strengthen relief operations.At least…

Russia’s Rosneft-backed refiner Nayara Energy on Thursday said it was talking to government authorities and partners to maintain operational stability of its 20 million tonnes per annum refinery and fuel supplies. The private refiner which was sanctioned by the EU last month, sells about 70 per cent of its refined fuels through over 6,600 retail outlets and exports the rest. “In face of unjust sanctions by European Union our refinery is operating at a healthy run rate and we continue to supply oil and oil products across India to meet the demands of our Indian consumers,” the company said in…

NEW DELHI: The flow of Russian crude to India remains unabated in spite of discounts shrinking to $1.5-2 per barrel as market factors and input requirement continue to drive refiners’ choice in the absence of any govt directive for or against those imports amid US and European Union (EU) pressure.“We are buying crude as per the economics. We are not making any extra effort for either increasing or decreasing Russian crude (purchase),” IndianOil chairman Arvinder Singh Sahney said on Thursday.Coming from the head of India’s largest state-run refiner and a major buyer of Russian crude, the statement can be construed…

India’s state-run Bharat Petroleum Corp has awarded a five-month tender for 10 million barrels of U.S. oil to European trader Glencore, two people with knowledge of the matter said, aiding India’s efforts to deepen energy ties with Washington.India, the world’s third-largest oil importer, is increasing imports from the United States as negotiations for a bilateral trade agreement continue.Under the deal, Glencore will deliver 2 million barrels of WTI Midland crude per month from November to March to the Indian refiner, the sources said, doubling the volume BPCL imported under its previous tender.Indian refiners and traders do not comment on oil…

India became the largest customer of Russian oil from 2022, after western countries shunned Russian oil and imposed sanctions on Moscow for its invasion of Ukraine.India has not halted oil purchases from Russia in response to the US President’s tariff threat and continues to buy based solely on economic considerations, said AS Sahney, Chairman of Indian Oil Corporation (IOC), the country’s largest oil firm. Purchase volumes may fluctuate monthly based on the discounts offered on Russian crude grades like Urals. While discounts had previously reached as high as $ 40 per barrel, they have narrowed to just $ 1.5 late…