India limits gasoline and diesel exports
China issues new fuel export quotas
EU relaxes oil sanctions on Venezuela
Global LNG: trade report and statistics
U.S. recession indicators mixed ($WSJ)
Qatar is big winner from gas war ($FT)
BRENT’s front-month futures price fell -$10.73 (-9.5%) on July 5. The decline came on a day with little new information about production or consumption but traders seemed to anticipate a higher probability of an economic slowdown. In percentage terms, the decline was the third-largest since July 2020 and 4.1 standard deviations away from average since 1990:
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