A charity with 13 million shares emerges as the unexpected victor in Figma’s IPO, linked to a famous story that ignited a longstanding conflict over an oil fortune from many years ago.
Figma’s IPO and an Unexpected Beneficiary This week, Figma made waves with its initial public offering, boasting a remarkable 250% surge in stock price. Many investors in Silicon Valley stood to profit handsomely. Interestingly, though, the immediate financial winners aren’t the typical big-name venture capital firms. Firms like Index Ventures, Greylock, and Kleiner Perkins managed […]
Three dead in Russia as Ukraine targets Putin’s oil and military facilities
Kiev launched a series of drone strikes against Russia overnight. This response came after one of the deadliest attacks in more than three years of conflict, which left at least three individuals dead. Ukrainian military officials reported that the drone strikes targeted storage facilities and oil refineries linked to Russian President Vladimir Putin’s campaign in […]
Indian Oil Refineries Halt Russian Buys as Trump Tariffs Approach
India Halts Purchases of Russian Oil Amid Pressure State-owned oil refineries in India reportedly stopped buying Russian oil last week following warnings from President Donald Trump and NATO Secretary-General Mark Latte. They cautioned that clients of Russian oil might face secondary sanctions aimed at supporting the war in Ukraine. Latte openly addressed leaders from India, […]
Avoid the seed residue for freshly pressed olive oil — directly from the Mediterranean.
You’ve probably heard warnings about seed oils lately, but the specifics often remain unclear. Maybe you’re aware of the concerns surrounding their production methods—those videos showing how canola oil is processed come to mind. And then there’s the fact that these oils are relatively new in our diets, not having a long history of human […]
Canal cleanup in Long Island almost finished after a ‘nonhazardous’ oil spill from PSE&G affects local wildlife
Recently, a significant amount of liquid used in power lines was released into the canal in East Rockaway, Long Island. This incident occurred earlier this month when a buried PSE&G transmission cable ruptured, causing distress for local wildlife groups. On July 14, state officials reported that a synthetic mineral oil, which is used for insulation […]
California Republicans commend Trump for bringing back offshore oil drilling.
California Republicans Praise Trump Administration for Oil Project Restart Top Republicans in the California Senate have expressed their support for the Trump administration’s decision to intervene and restart operations in what they call the state’s “Oil Goldmine.” This comes after Sen. Adam Schiff prominently opposed the project, which has been on hold since a significant […]
Trump sets 25% tariff and extra penalties on India for buying Russian oil and military gear.
Trump Imposes Tariffs on India On July 30, 2025, President Donald Trump revealed plans for a substantial 25% tariff on India, spurred by the country’s engagement with Russia for oil purchases. This decision is likely to lead to additional tariffs in the near future. In a post on Truth Social, Trump expressed his dissatisfaction with […]
Burgum accelerates Santa Ynez oil platforms despite Schiff’s objections
Despite a request from Senator Adam Schiff of California, the substantial Pacific Oil Reserve has reopened after being inactive for a decade, courtesy of efforts by Interior Secretary Doug Burgum over the last five months. This move has been tied to a range of permits and reviews that finally came together. The Bureau of Safety […]
This Week’s Focus in Oil Markets – Today’s Crude Oil Prices
Oil Prices Rise Amid Trade Developments Oil prices saw an uptick during early trading in Asia on Monday. This increase followed an agreement between the US and the EU aimed at preventing a possible trade war. Under this new framework, the EU will reduce US tariffs to 15% on a majority of its goods, with […]
Trump Administration Allows Chevron to Restart Oil Imports from Venezuela to the U.S.
Chevron Can Resume Oil Imports from Venezuela Recent reports indicate that Chevron may restart its oil import activities from Venezuela, reportedly with the approval from President Nicolás Maduro. The specifics of the license approval remain unclear, but this marks a notable shift, albeit limited, in the import policy set by the Trump administration against Venezuela’s […]