A vice president of Venezuela's state oil company said Venezuela expects crude production to reach 1.245 mln bpd by end-August.

Russian presidential aide Ushakov said Russia rules out the possibility of freezing the Russia-Ukraine conflict along the contact line.

UBI Research said on the 19th global small‑size OLED panel shipments fell to 230 million units in Q2, down 4.6% YoY and 0.2% QoQ — the third consecutive QoQ decline since Q3 last year. Q2 market revenue was $8.9bn (≈KRW 12.5 tln), also down YoY. UBI attributed the weakness to a sharp rise in memory‑chip prices that has weighed on global smartphone sales and reduced demand for small panels. Among major suppliers only Samsung Display posted significant shipment growth, driven by Samsung Electronics’ launch of the new Galaxy Z8 foldable series.