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The statement indicates that OPEC+ has agreed to increase its September oil production quota by 188,000 barrels per day.

2026-08-02

The statement indicates that OPEC+ has agreed to increase its September oil production quota by 188,000 barrels per day.

Other News
2026-08-02

The IEA said shipping disruption in the Strait of Hormuz halted Middle East LNG flows, pushing Japan's average wholesale spot power price in Q2 to about $90 per MWh, roughly 30% above the same period last year, Kyodo reported. The IEA warned that hea

The IEA said shipping disruption in the Strait of Hormuz halted Middle East LNG flows, pushing Japan's average wholesale spot power price in Q2 to about $90 per MWh, roughly 30% above the same period last year, Kyodo reported. The IEA warned that heat-driven demand growth and a prolonged blockade could keep prices elevated and projects Japan's average wholesale power price in H2 2026 at $105 per MWh, about 40% higher YoY.
2026-08-02

On Aug. 2, Energy Minister and security cabinet member Eli Cohen said Israel has not agreed to halt military strikes on the Gaza Strip and the security cabinet has not discussed any Gaza ceasefire plan in the past 72 hours. Cohen said "any armed pers

On Aug. 2, Energy Minister and security cabinet member Eli Cohen said Israel has not agreed to halt military strikes on the Gaza Strip and the security cabinet has not discussed any Gaza ceasefire plan in the past 72 hours. Cohen said "any armed personnel participating in attacks will be eliminated" by the Israeli military. On a proposed ceasefire package — Hamas disarmament, Israeli withdrawal and a technocratic administration taking over Gaza — Cohen said Israel would be willing to give the plan a chance but he does not believe Hamas will actually disarm.
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