Bank of England governor Bailey said he hopes that when the UK hosts next year’s G20, the summit will deliver higher-quality discussions on global imbalances.

HSBC raised its 2027 Brent crude forecast to $85/bbl from $65/bbl and lifted its long-term assumption for 2028 onwards to $75/bbl.

China's foreign minister Wang Yi met Qatar's prime minister and foreign minister Mohammed in Beijing on Aug. 8. They agreed to consolidate and expand cooperation in traditional energy and new energy, and to strengthen investment, high‑technology and people‑to‑people exchanges; China expressed willingness to maintain communication and coordination with Qatar on international and regional affairs, and the two sides exchanged in‑depth views on the situation in the Gulf.