Oil supply
Germany's Federal Ministry for Economic Affairs has confirmed that Russia will no longer route Kazakh crude oil via the Druzhba pipeline to the PCK refinery in Schwedt from May 1. The supply halt threatens to disrupt energy supplies in northeast Germany.
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South Korea's government launched an audit of the Korea National Oil Corp. (KNOC) after discovering that 900,000 barrels of foreign-owned crude stored in Ulsan were sold overseas. The move comes amid Middle East tensions and efforts to secure oil supplies.