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 16 hours ago #energy #oil #politics #international #economics #marketconditions #kazakhstan #opec #finance #saudi-arabia #us #global-trade #crudeoil #wti
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...
In a move that might make industry insiders raise an eyebrow, OpenAI has expressed its willingness to acquire Google’s Chrome browser if the tech giant is forced to divest. This bold declaration underscores OpenAI’s ambition to expand its ecosystem while playfully challenging the status quo in the tech world. More...
Perplexity’s chief business officer Dmitry Shevelenko has taken a defiant stance amid legal scrutiny over Google’s alleged restrictive deals. Subpoenaed to testify in a trial on Google’s search monopoly, he seized the chance to pitch the audacious idea of buying Chrome, criticizing tactics that stifle his company’s AI distribution. 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 major internal shakeup, Discord’s co-founder Jason Citron is stepping down as CEO after 13 years, making way for former Activision Blizzard exec Humam Sakhnini. This leadership change marks a pivotal moment for the platform as it navigates the heightened expectations of its evolving digital landscape. More...
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