Energy Intelligence reporter Amena Bakr, citing sources, said Saudi crude and product exports average about 5.8 mln bpd versus roughly 6.3 mln bpd reported elsewhere, with the higher number including previously stranded cargoes. She warned the description of a "market oversupply" is misleading and said Strait of Hormuz flows remain far from normal. Bloomberg tanker-tracking showed a six-day average to Wednesday of 6.3 mln bpd, roughly equal to the 2025 average and about 90% of February levels.

On July 2 local time, German semiconductor maker Infineon said it has commissioned its Dresden Smart Power Fab, the world's largest power-semiconductor plant, several months ahead of schedule. The project is a €5bn investment, the largest single investment in Infineon's history and among Germany's biggest recent investments.

Li Auto is carrying out a new organizational restructuring centered on product decision-making, moving parts of the product department — including vehicle and autonomous-driving product functions — into R&D, people with direct knowledge said on July 2. A source close to senior management said the change aims to simplify a long-criticized, cumbersome vehicle product-definition process that currently involves three groups: Liu Jie's product-line unit (front end), Fan Haoyu's platform product-definition group (middle), and the R&D teams.