South Korean Government Decides to Release Private Oil Reserves
The South Korean government has decided to ease restrictions on private companies' oil reserves, allowing for the release of these stocks starting May 29th. This move aims to inject more oil into the market, while the national oil reserve will be held back for potential future crises. Separately, the U.S. National Highway Traffic Safety Administration has initiated an investigation into nearly 115,000 Rivian vehicles due to concerns about their rear suspension's "camber link." AI