Curious Timing: Ukraine Declares Druzhba Pipeline Repaired After New Hungarian PM Elected

A Ukrainian drone hit a bus in Russia’s Belgorod Oblast on Monday, killing five civilians, according to Russian officials, as Ukrainian forces continue to launch major US-backed drone swarms into Russian territory. “It is with a heavy heart that ‌I ⁠report: according to preliminary data, five innocent civilians, including a minor, were killed as a […]

Chinese Refining Rates Unexpectedly Plunge To All-Time Lows As Economy Falls Off A Cliff Two weeks ago, when discussing the market "mystery" of sliding physical crude oil prices, we said that the most likely culprit were Chinese refiners, whose refining margins had just collapsed to the most negative on record. The reason for the margin collapse was China’s domestic fuel policy: it has long been Beijing's policy to soften price hikes to help shield consumers and avoid social unrest; which while beneficial to end, consumers is catastrophic to refiners and processors...

Ramaswamy Wins Ohio GOP Gubernatorial Primary In Landslide Biotech entrepreneur and former 2024 presidential candidate Vivek Ramaswamy just beat the pants off of political newcomer Casey Putsch (R) by a margin of 82% - 18% (approximately 530,000 votes to 116,000) in the Ohio gubernatorial primary.  The win positions Ramaswamy to face Democrat Amy Acton, the former Ohio health director who led the state’s COVID-19 response and won her party’s nomination unopposed, in the November general election. Acton’s running mate is former Ohio Democratic Party chair David Pepper. The Republican primary lacked suspense after...