April 23, 2025, 10:20 am
Kazakhstan’s new energy minister declared that national interests will override OPEC+ production cuts, throwing the alliance into disarray and sending oil prices tumbling. Compounded by disappointing U.S. inventory data, these developments have spooked markets and underscored the volatility in global oil supply.
WTI Prices Tumble As Official Crude Inventory Data Disappoints, Production Remains Near Record Highs Overnight gains on the heels of across the board inventory draws reported by API (and some optimism on easing China tensions) have been dashed this morning after comments from the new...
Oil Prices Drop As Kazakh Chaos Threatens OPEC Alliance Oil turned lower after Kazakhstan said it will prioritize national interests over those of the OPEC+ alliance, a move that risks fueling further tensions within the cartel. Overnight saw prices rally after bigger than expected...
permalink / 2 stories from 1 sources in 4 hours ago #energy #oil #politics #international #economics #marketconditions #kazakhstan #opec #finance #saudi-arabia #us #global-trade #crudeoil #wti
EU regulators have stepped in with a barrage of multimillion‐dollar fines against Apple and Meta for breaching digital competition rules. The agencies took action over restrictive App Store practices and questionable ad models, proving that even tech giants aren’t above a bit of bureaucratic slapstick. More...
Reports indicate that Intel is bracing for a major overhaul as the chipmaker prepares to slash more than 20,000 jobs—roughly 20% of its workforce—amid its fourth straight revenue slump. CEO Lip‐Bu Tan is spearheading this aggressive restructuring to stem the tide of mounting business challenges. More...
Tesla's humanoid robot production faces significant delays as China's export restrictions on rare earth elements impact the rollout of Optimus models. Elon Musk has highlighted these supply chain hurdles amid growing concerns over production delays and investor confidence, underscoring the unpredictable nature of global tech manufacturing in a tightly regulated market. More...
OpenAI is extending its cutting-edge image generation technology to developers by releasing it via API. The upgrade, famous for its Studio Ghibli-inspired visuals, will now empower other platforms and apps to integrate this feature directly, marking another bold step in the AI creative revolution. More...
In a courtroom disclosure amid antitrust inquiries, internal data revealed that Google’s AI chatbot Gemini now boasts 350 million monthly active users. The revelation underscores the rapid adoption of Google’s AI offerings and intensifies the scrutiny over its market power. More...
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