Oman: Significant Progress Made During US-Iran Talks

Indian Refiners Continue West Africa Crude Buying Spree By Tsvetana Paraskova of OilPrice.com India’s state-run refiners continue their buying spree of crude from West Africa as the Middle East crisis has sapped supply and made deliveries uncertain. In one of the latest purchases via a tender, India’s state-owned refiner Hindustan Petroleum Corporation Limited (HPCL) has acquired 2 million barrels of Nigerian crude oil from Shell, trade sources told Reuters on Thursday. HPCL has bought 1 million barrels each of Nigerian crude grades Forcados and Bonga for its Visakh refinery in the state of...

Nearly 1 In 4 Americans Over 65 Are Still Working For a growing share of Americans, retirement no longer starts at 65. This map, via Visual Capitalist's Gabriel Cohen, shows where people aged 65 and older are still working across U.S. states, based on 2024 data from the U.S. Census Bureau via FinanceBuzz. About 22% of Americans 65+ remain in the workforce, but the share climbs to nearly one-third in some states. The gap highlights how cost of living, job availability, and shifting retirement systems are reshaping when—and whether—Americans stop working. The Workforces With...

The AI Boom Is Creating A Global Memory Chip Shortage A global shortage of memory chips is emerging as demand for artificial intelligence infrastructure surges, according to a new report from Bloomberg. Large technology companies are locking in supply by signing long-term agreements and paying higher prices to guarantee access to chips years in advance. Because these deals are more profitable, chip manufacturers are increasingly directing production toward AI customers. This shift has reduced the number of chips available for other products such as laptops, smartphones, gaming consoles, and cars, pushing...