AI Price Wars Begin: OpenAI Considers "Drastic Price Cuts" In Pursuit Of Anthropic Customers

Russia's Oil Windfall Vanishes As Urals Crashes To $42 A Barrel By Charles Kennedy of OilPrice.com Russian crude oil prices have fallen back to where they were before the Middle East war, with its flagship Urals averaging just $41.66 a barrel during the first three days of July. The drop wipes out the revenue boost Moscow received from the conflict and pressures a federal budget that assumes oil prices of about $59 a barrel.  Urals had averaged more than $59 a barrel every month since March and climbed to $60.92 in June after...

Indian Airlines Beg Refiners To Delay Jet Fuel Hikes Earlier we reported that after issuing a code red about a month ago, with several airlines warning they may run out of kerosene in weeks if not days, European refiners and airlines have since backtracked on their earlier warnings; instead they now have “almost zero” concerns that jet fuel could run out over summer. That's because, as we explained in "Where To Find The Next Phase Of The Global Energy Shock", where we showed that refiners have ramped up production away from...