Author: omc_admin

Chevron said the fire had bee Chevron’s 285,000-barrel-per-day El Segundo refinery in southern California had taken multiple units offline on Friday after a large fire erupted in a jet fuel production unit, disrupting supply in the Golden State’s isolated energy market.The El Segundo refinery is the second largest in California and Chevron’s second-biggest refinery in the United States. The facility supplies a fifth of all motor vehicle fuels and 40% of the jet fuel consumed in southern California. The fire at the facility’s jet fuel production unit broke out on Thursday evening. No injuries were reported, and all workers at…

The Trump administration is cancelling $7.6bn in grants that supported hundreds of clean energy projects in 16 states, all of which voted for Democrat Kamala Harris in last year’s presidential election.The move comes as Donald Trump threatens deep cuts in his fight with congressional Democrats over the government shutdown.The energy department said in a statement on Thursday that 223 projects were terminated after a review determined they did not adequately advance the nation’s energy needs or were not economically viable. Officials did not provide details about which projects are being cut, but said funding came from the Office of Clean…

There’s been much hand-wringing about the current rally in stocks, focused on what many see as eye-wateringly lofty valuations, especially for AI names. No matter how you slice it, equities are historically expensive.But there’s a strong case for this so-called bubble in AI to continue for much longer. Basically, the predicted profit growth in the space unlocked by AI is expected to catch up, eventually rendering those alarming valuation metrics moot.As for Swift, she’s showing herself to be something of a pop-star unicorn by staying relevant and firmly A-list for an unprecedented stretch of time. She’s been one of the…

Lying awake at night isn’t an issue for the CEO of Telegram — it’s his dream scenario.Pavel Durov, who cofounded the messaging app, said on Lex Fridman’s podcast Tuesday that he allocates 11 to 12 hours of sleep a night, even if he spends part of it with his mind racing.He said brilliant ideas have come to him in those 12 hours when he’s trying to sleep.And when he wakes up, he starts his morning without a phone.Durov tries to limit his phone usage. Fridman said he spent two weeks with Durov and hadn’t seen him use his phone for…

Sometimes the student becomes the master, and sometimes the algorithm gets the better of its creator.Mark Zuckerberg recently revealed that he’s just as susceptible as the rest of us to Instagram’s targeted ads, which seem to get better every year at recommending the right products at the exact moment you’re open to buying them.”I spend so much time in Instagram ads curating my closet. Most of what I wear — this, this, these shoes, definitely,” Zuckerberg said in a recent interview with Drip, a popular Instagram fashion account.The Meta CEO said that essentially, his entire outfit — a black, long-sleeved,…

Expressing confidence that India will continue to import oil from Russia without giving in to US coercion, President Vladimir Putin has said his country will import more from India to address the trade imbalance. Russia may buy more farm products and medicines from India, he said, adding he had instructed his govt to think of proposals to be madeThe two countries on Friday marked 25th anniversary of their Special and Privileged Strategic Partnership, with Indian govt saying that it is looking forward to strengthening ties in every segment they are working on, including trade, investment, defence, and science and technology.When…

LONDON (AP) — London’s famed Royal Parks shut their gates Saturday and road, rail and sea travel faced major disruption as a storm walloped the U.K., Ireland and Scandinavia with heavy rain and high winds.More than 200,000 properties in Ireland and Northern Ireland were left without power, and a man died in Letterkenny, northwest Ireland, on Friday in what police called a weather-related incident, without giving details.Britain’s Met Office weather agency said a gust of 96 mph (154 kph) was recorded Friday on the island of Tiree off Scotland’s west coast.In Scotland, many ferry services were suspended and roads and…

The American Petroleum Institute (API) issued the following statement from Senior Vice President and General Counsel Ryan Meyers after a federal court ruled that the previous administration’s attempt to permanently ban new oil and natural gas activity across millions of acres of federal waters was unlawful and exceeded the statutory authority of the executive branch.“We welcome the court’s decision to vacate this politically motivated decision and ensure our nation’s vast offshore resources remain a critical source of affordable energy, government revenue and stability around the world,” Meyers said. “This ruling marks another important step in advancing a robust new five-year…

The American Petroleum Institute (API) issued the following statement from Senior Vice President and General Counsel Ryan Meyers after a federal court ruled that the previous administration’s attempt to permanently ban new oil and natural gas activity across millions of acres of federal waters was unlawful and exceeded the statutory authority of the executive branch.“We welcome the court’s decision to vacate this politically motivated decision and ensure our nation’s vast offshore resources remain a critical source of affordable energy, government revenue and stability around the world,” Meyers said. “This ruling marks another important step in advancing a robust new five-year…

Saumitra P Srivastava has assumed charge as Director (Marketing) at IndianOil, bringing with him a distinguished career spanning over three decades.An academic stalwart, Srivastava is a Civil Engineering Graduate from IIT Roorkee and holds an Executive MBA from SP Jain Institute of Management & Research, Mumbai, a release said.His career has been instrumental in shaping key business segments, starting with an initial four-year tenure in the LPG business before transitioning to various key positions within the sales function. He is an accomplished executive with extensive experience, specifically in downstream operations, marketing, and strategy.His leadership style is noted for being collaborative…