Customs said China imported 247.61 million tonnes of crude oil in January–June.

OPEC crude output revised to 18.952 mb/d in May and 22.002 mb/d in June, up 3.051 mb/d MoM. China refined-product net imports fell 1.55 mb/d in May to 8.10 mb/d (April: -2.90 mb/d). India refined-product net imports rose 0.32 mb/d in May to 4.97 mb/d (April: +0.51 mb/d). US refined-product net imports rose 0.57 mb/d in June to -4.99 mb/d (May: -0.11 mb/d).

Four Korean financial agencies will meet Thursday under the F4 macroeconomic and financial coordination framework to discuss risks from single-stock leveraged ETFs, the Korea Times reports. Participants include the Ministry of Economy and Finance, the Financial Services Commission, the Financial Supervisory Service and the Bank of Korea. Regulators said rising market volatility has put single-stock leveraged ETFs in the spotlight as an amplifier of sharp price moves. Options under consideration include higher margin requirements, limits on daily price moves and reductions or caps on leverage multiples. Officials said internal coordination has been ongoing but no policy decision has been reached, and any measures are likely to offer only temporary relief rather than resolve structural drivers of volatility.