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Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty ImagesOpenAI has finalized a secondary share sale totaling $6.6 billion, allowing current and former employees to sell stock at a record $500 billion valuation, according to a person familiar with the transaction.Bloomberg was first to report that the deal had closed.CNBC reported in August that OpenAI was looking to conduct a secondary share sale at a valuation of $500 billion, with investors including Thrive Capital, SoftBank, Dragoneer…

The meteoric rise of artificial intelligence may appear unstoppable — but it’s facing a shortage of training data.”We’ve already run out of data,” Neema Raphael, Goldman Sachs’ chief data officer and head of data engineering, said on the bank’s “Exchanges” podcast published on Tuesday.Raphael said that this shortage may already be influencing how new AI systems are built.He pointed to China’s DeepSeek as an example, saying one hypothesis for its purported development costs came from training on the outputs of existing models rather than entirely new data.”I think the real interesting thing is going to be how previous models then…

Kemi Badenoch has vowed to repeal the Climate Change Act if the Conservatives win the next election, doing away with controls on greenhouse gas emissions and dismantling what has been the cornerstone of green and energy policy for successive governments.The Conservative party leader was already committed to scrapping the UK’s net zero target but repeal of the Climate Change Act would go much further. It would remove the need to meet “carbon budgets” – ceilings, set for five-year periods, on the amount of greenhouse gas that can be emitted – and disband the Climate Change Committee, the watchdog that advises…

Nayara’s crude inventory in September was broadly flat at around 3.42 million barrels.Sanctions-hit Nayara Energy’s struggles persisted in September, with the Rosneft-backed refiner locked out of non-Russian crude for a second straight month and exports plunging nearly 60 per cent year-on-year, ship-tracking data show.Nayara imported 330,000 barrels per day (bpd) of crude in September, 22 per cent lower than a year earlier as it relied entirely on Russian supplies, unable to access its usual flows from Iraq and Saudi Arabia, according to Kpler, a global real-time data and analytics provider. The September volumes, however, were higher than the 242,000 bpd…

Conversely, private refiners increased sourcing, driven by profit and economical options. This divergence led to an overall decrease in Russian oil imports to India.India’s oil market is split, with state-run refiners retreating from Russian crude amid US pressure and narrowing discounts while private refiners are stepping up sourcing.State-run refiners cut Russian crude purchases in September, signalling caution. Their imports averaged 605,000 barrels per day (bpd) — 32 per cent below their April-August average, 22 per cent lower than in August, and 45 per cent below June levels, according to Kpler, a global real-time data and analytics provider. Private refiners lifted…

In early Asian trade on Thursday, oil prices recovered slightly from 16-week lows, with WTI rising to $62.09 and Brent trading at $65.68. Markets were buoyed by renewed expectations of tougher sanctions on Russian crude, even as caution over higher OPEC+ supply and weak U.S. economic signals capped upside.The two benchmarks had suffered across the prior three sessions. On Wednesday, Brent and WTI each fell roughly 1 %, with Brent closing at its lowest since June and WTI at its weakest since May.A key driver of the recovery is intensifying pressure from the G7 nations to tighten sanctions on entities…

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HONG KONG (AP) — Tropical Storm Matmo edged closer to the Philippines on Thursday and was expected to intensify into a typhoon that could threaten southern China this weekend, just about a week after the region was battered by Ragasa, one of the strongest storms to hit Asia in years. Matmo, which had maximum sustained winds of 65 kph (40 mph), is forecast to move west-northwest to the vicinity of Luzon, the Philippines’ most populous region, at about 22 kph (13 mph), according to Hong Kong’s observatory on Thursday morning. The country’s central region was already grappling with the aftermath…

(World Oil) – AXP Energy has confirmed hydrocarbons across several pay zones in its Charlie #1 well, located on the Edward Lease in Noble County, Oklahoma. The well reached total vertical depth of 4,725 ft on Sept. 22, and a full suite of wireline logs was successfully run before 5½-in. casing was set and cemented. The logs identified oil and gas shows in four key intervals: the Oswego Lime (3,776–3,806 ft), Mississippi Chat (4,293–4,317 ft), Mississippi Lime (4,403–4,623 ft) and Woodford Shale (4,623–4,662 ft). The Mississippi Lime showed the most extensive presence, with hydrocarbon indicators across 260 ft. Completion operations are…

WASHINGTON—The U.S. Department of Energy (DOE) today announced the termination of 321 financial awards supporting 223 projects, resulting in a savings of approximately $7.56 billion dollars for American taxpayers. Following a thorough, individualized financial review, DOE determined that these projects did not adequately advance the nation’s energy needs, were not economically viable, and would not provide a positive return on investment of taxpayer dollars.The awards were issued by the Offices of Clean Energy Demonstrations (OCED), Energy Efficiency and Renewable Energy (EERE), Grid Deployment (GDO), Manufacturing and Energy Supply Chains (MESC), Advanced Research Projects Agency-Energy (ARPA-E) and Fossil Energy (FE).“On day…