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US oil drilling costs may reach $67-$70 per barrel by 2026 under Trump

The Donald Trump presidency in the US could have a significant impact on the oil market, with potential growth largely dictated by price.




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Girl student at IIIT Basar in Telangana ends life

A student of the Rajiv Gandhi University of Knowledge and Technologies (RGUKT), also known as the IIIT Basar, in Basar town of Telangana's Nirmal district, committed suicide on Monday.




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Uddhav Thackeray defends Rahul Gandhi after PM's jibe on Balasaheb

Shiv Sena (UBT) President and former Chief Minister Uddhav Thackeray grappled salvos by Prime Minister Narendra Modi and Union Home Minister Amit Shah against the Maha Vikas Aghadi (MVA) allies, at the height of the Assembly poll campaign.




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Vikrant Massey visits Godhra railway station ahead of 'The Sabarmati Report' release

Ahead of the release of his upcoming film "The Sabarmati Report," actor Vikrant Massey made a surprise visit at Godhra Station, which inspired the movie.




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'Your honesty makes me...': Parineeti Chopra pens filmy wish for husband Raghav Chadha; captures unseen moments

Parineeti used an audio that spoke about how two opposite people fall in love. She used pictures and videos, which went along with the video and also penned a heartfelt note for her husband.




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Sensex, Nifty open flat, Bharti Airtel and ICICI Bank among top gainers

Sensex was trading at 79,584.29 after rising 88.14 points or 0.11 per cent, while Nifty was trading at 24,172.95 after rising 31.65 points or 0.13 per cent.




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Former cricketer Sanjay Bangar's son undergoes hormonal transformation, now identifies self as transwoman 'Anaya'

Aryan Bangar, formerly son of cricketer Sanjay Bangar, now identifies as a transwoman and goes by the name of Anaya.




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SC extends interim anticipatory bail of Malayalam actor Siddique in rape case

The Supreme Court on Tuesday extended for a week the interim anticipatory bail to Malayalam actor Siddique, who faces alleged charges of raping an actress.




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Suniel shares pictures with Akshay, Paresh Rawal: Dhoom Dhadaka Orchestra is back

Bollywood actor Suniel Shetty shared photographs with his "Hera Pheri" co-stars Akshay Kumar and Paresh Rawal. He said that the iconic "Dhoom Dhadaka Orchestra" is back.




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Actor Manoj Mitra dies at 86; CM Mamata Bannerjee expresses condolences

Acclaimed thespian and actor Manoj Mitra, admired by critics for innovative theatrical productions and his innate acting style, passed away in Kolkata on Tuesday morning.




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Baku climate talks: India not attending World Leaders Climate Action Summit

India is not attending the two-day World Leaders Climate Action Summit (WLCAS) beginning Tuesday with country statements at the 2024 UN climate conference (COP29) in Baku, Azerbaijan that is focussed heavily on securing a new climate finance target for countries most vulnerable to climate impacts.




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Ecuador footballer Marco Angulo, 22, died following car crash

Ecuador international Marco Angulo has passed away on Monday, having been in a hospital since October 7, after the midfielder was involved in a car accident.




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India's public sector banks clocks 11 pc growth at Rs 236 lakh crore in April-Sep FY25

Public sector banks (PSBs) showed strong performance in the first half of current fiscal (FY25) with 11 per cent annual growth.




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When Vidya Balan was 'thrown' out of big Tamil film; opens up about challenges

Actress Vidya Balan once opened up about a difficult period in her career when she was replaced in several South Indian films.




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8 parties in tough fight on Mumbai's 36 seats ahead of civic body polls

The poll battle in Mumbai's 36 Assembly constituencies has become more intense with the entry of eight major parties including the BJP, Shiv Sena (UBT), Congress, Shiv Sena, NCP, NCP(SP), Samajwadi Party and Maharashtra Navnirman Sena.




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Just call back the Indian Captain!

Just call back the Indian Captain!It is national shame followed by ongoing IPL cheer leading scam enveloping national pride!


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The Debate over Circumcision - Its Effects on Penis Health and Sensation

To circumcise or not to circumcise? This has been a touchy subject in the medical community for years, with those in favor of circumcision arguing that it is necessary to prevent disease, and those who are against the procedure insisting...




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Hedosophia leads $7M seed round into retail supply chain AI startup Ameba

Ameba takes the unstructured data in a retailer’s supply chain systems, sprinkles in some generative AI, and makes the whole thing more efficient. 

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General Catalyst raises $8B in fresh funds to back startups globally

U.S. venture capital giant General Catalyst has announced a fresh $8 billion in funds as it looks to ramp up its investments in multi-sector early-stage startups globally, with a specific focus on the U.S., Europe, and India. The capital constitutes around $4.5 billion for its “core VC funds,” which spans seed and growth equity funding, […]

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Airdog’s founders are back with a precision-strike drone meant for modern warfare

The war in Ukraine has shown that warfare changes by the day. It’s also clear that the tech used to make war today is costly: While larger countries can afford legions of tanks, helicopters, and precision-strike systems, smaller nations find themselves scrambling for cheaper ways to defend themselves. Origin, a new defense tech startup out of […]

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Founders and VCs back a Pan-European C corp, but an ‘EU Inc’ has a rocky road ahead

It’s become a common refrain in political discourse: Europe needs to take radical action to remain competitive. On the long list of potential reforms, one that’s gaining particular traction is a new, EU-wide corporate status for innovative companies. Known (somewhat obscurely) as the “28th regime,” the innovation is being billed as Europe’s answer to a […]

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Eon emerges from stealth with $127M to bring a fresh approach to backing up cloud infrastructure

A team of founders who sold their last company to Amazon to build a new unit within AWS is setting out to reinvent the tricky business of backing up organizations’ cloud infrastructure. Now, Eon is coming out of stealth with a product, a set of customers, three rounds of funding totaling $127 million, and a […]

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Basecamp Research draws $60M to build a ‘GPT for biology’

While companies like OpenAI and Anthropic continue to popularize the idea of using ordinary language to ask artificial intelligence agents for answers to their questions, write their proposals or draw pictures, a London startup called Basecamp Research has raised $60 million to tackle a new frontier. It’s building an AI agent that not only answers […]

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Hackers could spy on cell phone users by abusing 5G baseband flaws, researchers say

Security researchers found a dozen vulnerabilities in 5G baseband chips found in phones made by Google, OPPO, OnePlus, Motorola, and Samsung.

© 2024 TechCrunch. All rights reserved. For personal use only.




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X makes its basic API tier more costly, launches annual subscriptions

Elon Musk-owned social network X made changes to its API pricing and limits today and also announced annual plans with a discounted rate. The company raised the prices of the basic API tier from $100 to $200 and said it would introduce higher limits and new endpoints for this subscription plan. In a post on […]

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Ashton Kutcher’s Sound Ventures backs Fei-Fei Li’s World Labs in continued AI push

Ashton Kutcher’s VC firm, Sound Ventures, co-led by general partners Guy Oseary and Effie Epstein, is betting on AI — including with an investment in Fei-Fei Li’s World Labs, the investors confirmed onstage at TechCrunch Disrupt 2024 on Tuesday. The startup, founded by Li, the Stanford professor dubbed the “Godmother of AI,” has already raised […]

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The FTC comes after neobank Dave for misleading marketing, hidden fees

The Federal Trade Commission (FTC) announced on Tuesday that it will be taking action against the online cash app and neobank Dave, which it says used “misleading marketing to deceive consumers.” At issue is how Dave marketed $500 cash advances to consumers that it rarely offered, and the “Express Fee” it charged if customers wanted […]

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ChromaCode’s tech to boost COVID-19 testing gets Bill Gates’s backing

Boasting a technology that can dramatically increase the capacity of existing polymerase chain reaction (PCR) testing used to identify people infected with COVID-19 and other illnesses, ChromaCode has attracted new funding from Bill Gates-backed Adjuvant Capital.  “We want a good solution for a resource-limited environment,” says ChromaCode founder and executive chairman Alex Dickinson, a serial entrepreneur […]

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Couchbase raises $105M Series G funding round

Couchbase, the Santa Clara-based company behind the eponymous NoSQL cloud database service, today announced that it has raised a $105 million all-equity Series G round “to expand product development and global go-to-market capabilities.” The oversubscribed round was led by GPI Capital, with participation from existing investors Accel, Sorenson Capital, North Bridge Venture Partners, Glynn Capital, […]

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Tofino Capital reaches first close of $10M fund to back startups in frontier markets

Tofino Capital, a venture capital firm targeting early-stage startups in emerging markets, has launched its $10 million fund. It is announcing the first close of this fund at $5 million and hopes to achieve a final close nine months from now.   The firm, founded by Eliot Pence and Aubrey Hruby, wants to back startups in Africa, […]

© 2024 TechCrunch. All rights reserved. For personal use only.




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Revenue-based financing platform Bloom secures $377M Series A led by Credo and Fortress

While the likes of Pipe are reaching multi-billion valuations, European revenue-based financing is experiencing as much of a boom as it is in the U.S. U.K.-based startup platform Bloom has now secured a £300 million / $377 million financing round led by Credo Capital and Fortress Investment Group LLC (NYSE:FIG), making it one of the […]

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Yahoo appoints six new board members, including Jessica Alba

Yahoo announced six new members of its board of directors today, about a year after the internet brand was acquired by private equity firm Apollo for $5 billion [Disclosure: TechCrunch is part of Yahoo]. The new appointees include Jessica Alba, actress and founder of The Honest Company; Aryeh Bourkoff, founder and CEO of the independent […]

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We’re breaking down usage-based pricing and growth strategies at TechCrunch Early Stage

Software as a service (SaaS) — both a revelation and a revolution — completely disrupted the decades-old software selling paradigm. It turned buying software from an infrequent, high-cost and, for many companies, time-consuming process into a hosted, monthly and predictable cost-per-seat subscription service. SaaS has essentially become the de facto business model for early-stage startups […]

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Announcing the stellar VC judges for the TC Disrupt Startup Battlefield Finals

Disrupt is just a few short weeks away. Alongside our return to a live, in-person show, we’ve beefed up the Battlefield program. Two hundred companies have been hand selected by the TechCrunch editorial staff to grace the expo hall, 20 of which will launch their company for the first time live on our stage. The […]

© 2024 TechCrunch. All rights reserved. For personal use only.




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A Near-Term View on the Global Oil Market




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EIA reduces its forecast for U.S. coal exports following Port of Baltimore closure

The U.S. Energy Information Administration (EIA) decreased its forecast for U.S. coal exports following the collapse of the Francis Scott Key Bridge and the resulting closure of the Port of Baltimore. In its April Short-Term Energy Outlook (STEO), EIA reduced its forecasts for U.S. coal exports for April by 33% and for May by 20% from previous forecasts.




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EIA expects crude oil production in the Permian Basin to increase by nearly 8% in 2024

The U.S. Energy Information Administration (EIA) expects crude oil production in the Permian Basin to average about 6.3 million barrels per day in 2024, an increase of nearly 8% from 2023. The Permian Basin accounts for nearly half of U.S. crude oil production, and EIA expects increased production in the Permian and other regions will drive U.S. oil production to successive records in 2024 and 2025.




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EIA expects mixed bag for energy prices in 2024

The U.S. Energy Information Administration (EIA) expects that U.S. residential electricity prices will increase by about 1% in 2024, the slowest rate of year-over-year growth since 2020. Natural gas prices have been falling since late 2023, and those lower prices are now being factored into retail electricity rates. Natural gas provides the largest share of U.S. electricity generation.




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U.S. exports of ethane and ethane-based petrochemicals rose 135% from 2014 to 2023

U.S. exports of ethane and ethane-based petrochemicals reached an all-time high of 21.6 million metric tons (MMmt) in 2023, up 135% since the United States began exporting ethane in 2014 and 17% more than in 2022, according to data from the U.S. Census Bureau. The rapid expansion of U.S. ethane and ethane-based petrochemical exports has been fueled by the growth in domestic ethane production, which has increased with the country's natural gas production and the buildout of export and production infrastructure.




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Digital bank Umba raises $15M, plans to expand into three new African markets

There’s no shortage of digital banks in Nigeria and, in general, in Africa. As the region continues to experience rapid growth in mobile usage and the corresponding growing young population, these fintechs think this is the right time to provide financial services to every market category, from the banked to the unbanked. We’ve covered a […]

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The week Jack stepped back

Hey all. Welcome back to Week in Review, the newsletter where we recap some of the top stories to cross TC’s front page over the last 7 days. The most read story on our site this week was about Flowcarbon — a new company and “blockchain-based redemption story” (as Anita put it) launched by WeWork […]

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‘0ktapus’ hackers are back and targeting tech and gaming companies, says leaked report

The hackers who reportedly hit more than 130 organizations last year and stole the credentials of almost 10,000 employees are still targeting several tech and video game companies, according to a report obtained by TechCrunch. The report, prepared by cybersecurity firm CrowdStrike, calls the hackers “Scattered Spider.” In a previous publicly available report, the company […]

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Director Morgan Neville is steering clear of generative AI after ‘Roadrunner’ backlash

One of the most attention-grabbing aspects of “Roadrunner,” the Morgan Neville-directed documentary about Anthony Bourdain, was Neville’s use of generative AI to replicate Bourdain’s voice. Looking back now, Neville told Wired that he saw this as a “fun” way to “keep [Bourdain’s] voice going in the film.” But his approach drew intense criticism — while […]

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Here are the 5 Startup Battlefield finalists at TechCrunch Disrupt 2024

The time has finally come to announce the five finalists of the Startup Battlefield. It all started earlier this year when the TechCrunch editorial team selected 200 companies from thousands that applied. From there, the team then chose the 20 finalists who pitched this week onstage at TechCrunch Disrupt 2024 to investor judges and packed […]

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And the winner of Startup Battlefield at Disrupt 2024 is: Salva Health

Over the last three days, 20 startups participated in the incredibly competitive Startup Battlefield at TechCrunch Disrupt. These 20 companies were selected as the best of the Startup Battlefield 200 and competed for a chance to take home the Startup Battlefield Cup and $100,000. After three days of intense pitching, we have a winner. The […]

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FTX bankruptcy estate sues Anthony Scaramucci, FWD.us, others

Bankrupt cryptocurrency company FTX filed 23 lawsuits Friday against Anthony Scaramucci (pictured above), his hedge fund SkyBridge Capital, and other organizations, including Crypto.com and the Mark Zuckerberg-backed lobbying group Fwd.us. These lawsuits are an attempt to claw back money for FTX’s creditors following the company’s collapse. FTX claims that the money targeted in these suits […]

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Neuro-ID takes in fresh capital to combat fraud from all of our taps, types and swipes

The company captures real-time customer behavior so companies can see who is genuine, and who is fraudulent, and identify the root cause of customer friction.

© 2024 TechCrunch. All rights reserved. For personal use only.




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IROKO co-founder Bastian Gotter raises $3.2M seed for new venture, Bamba

In 2010, Bastian Gotter invested up to $200,000 into IROKOtv, an African video-on-demand company Jason Njoku, his friend and co-founder, launched in Lagos, Nigeria. For the next couple of years, Gotter, as CFO, was instrumental in turning IROKO — after raising over $30 million from VCs, including Tiger Global — into a household name in […]

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Application deadline extended for the Startup Battlefield 200

Here’s an exciting reprieve for time-strapped or procrastination-prone early-stage startup founders. We’re extending the application deadline for the Startup Battlefield 200! Take your shot at joining this elite group for a new and awesome opportunity at TechCrunch Disrupt. It’s positively packed with perks and possibilities. Don’t delay: Apply to the Startup Battlefield 200 by August […]

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Beat tomorrow’s deadline and apply to the Startup Battlefield 200

Building a successful startup requires an enormous amount of talent, hard work, money and, frankly, a bit of luck. Translation: You need to grab hold of every opportunity you can to make it happen. Well, heads up, early-stage founders. Your opportunity to join our inaugural cohort — the Startup Battlefield 200 — ends tomorrow. Don’t […]

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