OPEC+ raises September oil quota by 188,000 barrels a day
Why it matters: The move completes the unwinding of 2023 cuts and could open room for bigger supply increases if Gulf flows recover.
The Business Times (Singapore), The Straits Times
Subject
#Opec
Irak and Suriah revive Kirkuk-Baniyas oil pipeline
The alternative route to the Mediterranean is being readied as disruptions in the Selat Hormuz cut Irak oil output by more than 50 percent.
Iraq presses OPEC for higher quota as export routes remain strained
Why it matters: Iraq says oil exports have been hit by its reliance on Gulf shipping, even as it pushes to raise flows through Turkey.
OPEC kept 2030 oil demand at 113.3 million bpd, lifted 2050 view
What's new: The group now sees demand at 124 million barrels a day in 2050 and argues oil use still has no peak in sight.
UK jury clears ex-Nigeria oil minister on 6 bribery counts
Why it matters: The verdict ends a more than decade-long British corruption case against one of Nigeria’s best-known former officials.
BBC News (World), The Straits Times
Iran war reshaped global energy trade beyond any ceasefire
Why it matters: The shock is pushing countries toward coal now and toward renewables, nuclear and new oil suppliers over time.
Bloomberg, The New York Times +2
Iran war shock reshapes oil, gas and clean-energy markets
Why it matters: The disruption is pushing importers toward coal now and faster spending on renewables, batteries and nuclear power over time.