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ECB Governing Council member Nagel: The ECB is in a good position to closely monitor further developments.

2026-07-24

ECB Governing Council member Nagel: The ECB is in a good position to closely monitor further developments.

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2026-07-24

Sources say OPEC+ is likely to agree at its Aug. 2 meeting to raise the September production target by about 188,000 bpd, matching the June–August increases, though the war in Iran is preventing some members from boosting output. OPEC+ output remains

Sources say OPEC+ is likely to agree at its Aug. 2 meeting to raise the September production target by about 188,000 bpd, matching the June–August increases, though the war in Iran is preventing some members from boosting output. OPEC+ output remains well below quotas: June production was 36.28 mln bpd versus nearly 43.0 mln bpd in February before the conflict. Refinitiv calculations show that, after accounting for the UAE’s exit, a further ~188,000 bpd increase in the September target would fully unwind the 2023 production cuts.
2026-07-23

Kazakhstan's Ministry of Energy says consultations are ongoing to restore oil exports as soon as possible.

Kazakhstan's Ministry of Energy says consultations are ongoing to restore oil exports as soon as possible.
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