Plume Network Co-Founder Eugene Passed Away This Week
According to official news, Eugene, the co-founder of Plume Network, unfortunately passed away earlier this week. The Plume team stated that Eugene was a talented and inquisitive individual who dedicated a lot of effort to the project. The team is currently supporting each other through this difficult time. Plume expressed their commitment to continue advancing the technology Eugene was involved in developing, promoting innovation and development on the chain.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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