Iraq's State Organization for Marketing of Oil (SOMO) asked term buyers to book August loadings of Basra crude.

China's National Development and Reform Commission and National Energy Administration released the 15th Five-Year Plan for New Power System Construction.

State Grid Co. said recent widespread heat drove record electricity loads across its operating area, with the North China and Northeast regional grids and provincial grids in Tianjin, northern Hebei, Jiangsu, Liaoning and eastern Inner Mongolia repeatedly hitting new peaks between July 27-31. The company said it is prioritizing supply security, intensifying use of cross-provincial/trans‑regional transmission corridors, conducting inter-regional surplus‑deficit transfers and temporal-spatial load balancing, and tightening operational responsibilities and O&M while implementing a 24-item, six-area peak-summer supply plan to safeguard grid stability and reliable power for economic and residential demand.