Economy · July 2026

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Daily brief

Saudi Arabia on July 1 slashed its July LPG prices as global supply swells, with Saudi Aramco also making rare spot oil sales as its shipments ramp up. Seven OPEC+ countries plan to boost oil output in August, and sources say OPEC+ is likely to raise oil output targets from August again.

by WorldBrief & Maksim Micheliov | AI-generated summary

Saudi Aramco Makes Rare Spot Oil Sales as Its Shipments Ramp Up

BloombergSaudi Aramco Makes Rare Spot Oil Sales as Its Shipments Ramp Up

OPEC+ likely to raise oil output targets from August again, sources say

ReutersOPEC+ likely to raise oil output targets from August again, sources say