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OPEC Projects Robust Global Oil Demand Growth, Maintains Optimism for Economic Prospects

OPEC emphasised a change in attention towards the predicted demand for OPEC+ crude while maintaining its estimate for healthy global oil demand growth

OPEC emphasised a change in attention towards the predicted demand for OPEC+ crude while maintaining its estimate for healthy global oil demand growth in 2024. OPEC continues to be upbeat about economic prospects, projecting a 2.25 million barrels per day bpd growth in 2024 and 1.85 million bpd in 2025. Before the OPEC+ meeting on June 1, the organisation emphasised the economys strong trajectory while acknowledging its vulnerabilities. Since late 2022, OPEC+ has reduced output the most recent reduction, 2.2 million bpd, is scheduled to expire at the end of June. The rise in oil demand due to the switch to cleaner fuels is predicted to vary. With Aprils statistics showing output below the predicted demand, OPECs decision to concentrate on OPEC+ demand suggests unity among the organisation. Read More..

B2B Tech News | 12 days ago      

Defense Secretary Hails Mazagon Dock Shipbuilders Ltds MDL Contribution to Indias Naval Capabilities

Defence Secretary Giridhar Aramane recognised Mazagon Dock Shipbuilders Ltd MDL for its enormous contributions to Indias naval and commercial capabili

Defence Secretary Giridhar Aramane recognised Mazagon Dock Shipbuilders Ltd MDL for its enormous contributions to Indias naval and commercial capabilities, and he commended MDL as a critical asset. In honour of MDLs 250th anniversary, Aramane unveiled a commemorative coin and dedicated new land purchased from the Mumbai Port Authority. MDL celebrated advances in indigenous technology by launching a solarelectric hybrid boat and showcasing the prototype of the native midget submarine, "Arowana." A proof of concept, the miniature submarine showcases MDLs experience building submarines since 1984. Compared to diesel boats, the solar electric hybrid boat provides economical and lowmaintenance operations, highlighting MDLs dedication to sustainability and innovation. Read More..

B2B Tech News | 12 days ago      

International Crisis Group Warns of Economic Crisis in South Sudan

The prolonged conflict in Sudan has disrupted oil shipments, bringing attention to South Sudans impending economic disaster, according to the Internat

The prolonged conflict in Sudan has disrupted oil shipments, bringing attention to South Sudans impending economic disaster, according to the International Disaster Group ICG. Pipeline failures make The state of affairs worse, as oil income is essential to stability and government operations. Financial collapse, currency depreciation, worsening food shortages, and possible societal upheaval are among the dire outcomes that lie ahead. The migration crisis from Sudan exacerbates the shortage of food. With corruption and natural catastrophes among its many problems, South Sudan faces immediate danger to peace as a result of the broken pipeline. The ICG urges allies on the local, national, and international levels to extend immediate assistance and step up efforts to end the violence in Sudan. Read More..

B2B Tech News | 12 days ago      

MSDE and Mahindra & Mahindra Launch Drone Didi Yojana to Empower Women in Emerging Tech

The Ministry of Skill Development and Entrepreneurship MSDE has collaborated with Mahindra & Mahindra Ltd. to initiate two Pilot Projects under the Dr

The Ministry of Skill Development and Entrepreneurship MSDE has collaborated with Mahindra & Mahindra Ltd. to initiate two Pilot Projects under the Drone Didi Yojana, marking a noteworthy step towards womens empowerment in new technological areas. The initiative aims to teach 15,000 women how to use drones for farming. At NSTI facilities in Noida and Hyderabad, 500 rural women will receive training in drone operation as part of the partnership, which Secretary Shri Atul Kumar Tiwari and CEO of Mahindra Group Dr Anish Shah announced. With Mahindra Group providing infrastructure and training assistance, the strategic relationship highlights the dedication to womens empowerment and innovation and paves the path for future development and statewide programme implementation. Read More..

B2B Tech News | 12 days ago      

Russias Claim of Oil and Gas Reserves in British Antarctic Territory Sparks Global Concern

Concern has been raised worldwide by Russias claim to substantial gas and oil deposits in the British Antarctic Territory, which violates the Antarcti

Concern has been raised worldwide by Russias claim to substantial gas and oil deposits in the British Antarctic Territory, which violates the Antarctic Treaty. Concerns are raised regarding potential environmental harm to the protected regions ecosystem because of the estimated 511 billion barrels of reserves. Amid tense international ties, many believe Russias actions imply resource extraction objectives rather than scientific study. Concerns about territorial disputes and international agreement violations are heightened by the current state of affairs, marked by geopolitical tensions. Exploiting these assets might have significant political and environmental ramifications as the globe struggles with climate change. Read More..

B2B Tech News | 12 days ago      

BlinkX Partners with Google Cloud to Enhance Financial Services through ClienTech Framework

Through the "ClienTech" framework, JM Financials digital broker platform BlinkX has teamed with Google Cloud to use its data analytics capabilities to

Through the "ClienTech" framework, JM Financials digital broker platform BlinkX has teamed with Google Cloud to use its data analytics capabilities to improve financial services for Indian clients. This project employs Google Clouds technologies to personalise financial services, emphasising clientcentric innovation. Gagan Singla, the managing director of BlinkX, highlighted the need to remove conventional financial obstacles to establish an inclusive financial environment. Named Entity Recognition NER models and a HyperPersonalized Nudge Engine will be employed by the platform to customise tactics according to the actions of its customers. Google Cloud Indias Vice President and Country Manager, Bikram Singh Bedi, emphasised how the collaboration could revolutionise financial and customer service. In the future, BlinkX intends to develop even more using Google Cloud. Read More..

B2B Tech News | 12 days ago      

Meta Platforms to Discontinue Workplace App by June 2026

Meta Platforms META.O will discontinue the Workplace app by June 2026 to concentrate on AI and metaverse technology. Customers can continue utilising

Meta Platforms META.O will discontinue the Workplace app by June 2026 to concentrate on AI and metaverse technology. Customers can continue utilising Workplace until August 2025, when Zooms chosen migration partner, Workvivo, will take over from Meta. Workplace, which debuted in 2016, had features for crosscompany cooperation. This move aligns with Metas significant expenditure on AI and the metaverse, notwithstanding worries that growing expenses might impede expansion. The workplaces billing will not change until August 2025. Workplace now charges $4 per user per month for its essential subscription, with extra capabilities available for $2 per user. Read More..

B2B Tech News | 12 days ago      

Rheinmetalls Civil Unit Cyberattack Costs German Arms Manufacturer €10 Million

The German armaments giant Rheinmetall lost 10 million euros $10.80 million to a cyberattack that affected its civil branch in April of last year, Chi

The German armaments giant Rheinmetall lost 10 million euros $10.80 million to a cyberattack that affected its civil branch in April of last year, Chief Financial Officer Dagmar Steinert said during the annual shareholders meeting. Rheinmetall has a big part to play in arming Ukraine, but even with that, the corporation gets cyberattacks every day, albeit most of them are avoided. This event brings to light the increasing cybersecurity concerns that defence industry businesses confront. Read More..

B2B Tech News | 12 days ago