An Indian Oil executive said the company plans to lift domestic natural gas sales to 1.5 times current levels by 2030.

Malaysia will restore fuel subsidy quotas to previous levels from Sept. 1, raising the monthly petrol quota to 300 liters from 200 liters and the diesel quota to 400 liters from 300 liters, Prime Minister Anwar said. He added the diesel increase will benefit roughly 500,000 users. The move, aimed at easing consumer cost pressures and shoring up political support after recent state election defeats for Pakatan Harapan, reverses cuts made earlier this year when Middle East-driven energy price spikes increased subsidy burdens. Anwar did not disclose the incremental fiscal cost; the government has already incurred about 40 billion ringgit (roughly $9.9 bln) in subsidy spending so far this year. Malaysia must hold a national election by early 2028.

Wall Street Journal reports OpenAI has obtained warrants on SB Energy valued at about $5.5 bln.