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"Absolutely Unprecedented": Diesel Crack Spread Hits Record As Refined-Products Crisis Arrives
"Absolutely Unprecedented": Diesel Crack Spread Hits Record As Refined-Products Crisis Arrives
Brent and WTI futures remain below $100 a barrel on Tuesday morning, partly suppressed by governments releasing strategic oil reserves into global markets. But the more serious issue is building downstream, where the Russia-Ukraine war, strikes against energy infrastructure, and continued disruptions around the Strait of Hormuz are fueling the refined-products "perfect storm" we have repeatedly warned about.
Oil extended gains this morning, with Brent trading around $91 a barrel after another vessel attack was reported near the Hormuz...
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Mar 24, 2026 / Tyler Durden
"Awful News": Nintendo Shares Get 'Donkey Konged' After Switch 2 Production Cut
"Awful News": Nintendo Shares Get 'Donkey Konged' After Switch 2 Production Cut
Nintendo shares in Tokyo tumbled overnight after Bloomberg reported that the gaming company has slashed production of the Switch 2 handheld amid soft holiday-season demand and underwhelming U.S. sales.
*NINTENDO CUTS SWITCH 2 OUTPUT BY OVER 30% ON WEAK HOLIDAY SALES
wait, wasn't this thing supposed to be as popular as chatgpt?
— zerohedge (@zerohedge) March 24, 2026
Nintendo is expected to produce 4 million Switch 2 units instead of the originally planned 6 million, with the lower production rate expected to...
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Jun 3, 2026 / Tyler Durden
Reactor Developers Advance Sweden's Nuclear Ambitions While State Puts Up $3.7 Billion
Reactor Developers Advance Sweden's Nuclear Ambitions While State Puts Up $3.7 Billion
Sweden advanced its nuclear revival with two major filings for new capacity and a government proposal to commit up to $3.7 billion in state capital for SMR projects.
On May 18th, Blykalla submitted the first application for an advanced reactor park under Sweden’s new siting process. The Norrsundet site would host six 55-MWe SEALER lead-cooled reactors, for 330 MWe total.
CEO Jacob Stedman called it a historic first for Sweden, and linked the technology to meeting AI and electrification demand...
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May 4, 2026 / Tyler Durden
Sacked Russian Minister Flees To US Amid Corruption Probe In First Of Ukraine War
Sacked Russian Minister Flees To US Amid Corruption Probe In First Of Ukraine War
A Russian minister has become the first known high-ranking official to flee Russia and seek asylum in the United States since the Ukraine war began over four years ago, amid a fraud probe.
Denis Butsayev, a senior Russian official recently dismissed from the Natural Resources and Environment Ministry, fled to the US to avoid criminal prosecution, regional media reports say.
President Putin meets with then General Director of the Russian Environmental Operator Denis Butsayev
He was officially removed from his post as...
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