Oil Markets Are Pricing A Supply Surge That Isn't Guaranteed

Germany Scrambles For Polish Oil Route As Russia Halts Druzhba Flows Submitted by Julianne Geiger of OilPrice.com Germany is hunting for solutions to reroute crude oil supplies to the PCK Schwedt refinery after Russia said it would halt Kazakh oil deliveries through the Druzhba pipeline starting May 1, with roughly 43,000 barrels per day (bpd) now at risk. Berlin is now in talks with Poland over moving replacement barrels through the port of Gdansk, with potential deliveries flowing onward to Schwedt, the refinery that supplies much of eastern Germany, including Berlin, with...

Ex-Wife In Korea's $645M "Divorce Of The Century" Gets Iced Out Of AI Boom A Seoul court has ordered SK Group Chairman Chey Tae-won to pay his ex-wife 944 billion won ($645 million), in the largest divorce award in South Korean history. And while the figure is a record, it was calculated against a stock price more than two years old - before it went ballistic in the AI boom.  Chey Tae-won, chairman of SK Group. Lee Young-hwan/Newsis/Associated Press The Seoul High Court's First Family Division, presiding judge Lee Sang-ju, issued the ruling...

Supreme Court Allows Trump Admin To Remove Deportation Protections For Syrians & Haitians Authored by Sam Dorman via The Epoch Times, The Supreme Court has allowed the Department of Homeland Security’s (DHS’s) attempt to remove deportation protections for nationals of Haiti and Syria. In a 6–3 decision on June 25, a majority of the court said federal law barred judicial review of non-constitutional arguments against the department’s determinations. Justice Samuel Alito wrote the majority opinion, which said the sole constitutional argument in the case would likely fail. “Citing statements made by President Trump and...