Russian fuel is flooding the Middle East – Bloomberg
Imports of Russian oil products to the Middle East hit a six-year high last month, while EU imports dropped 30%, Bloomberg reports
Saudi Arabia outlines what it will do for oil output
Crown Prince Mohammed bin Salman says Saudi Arabia is ready to increase oil production, but to no more than 13 million barrels per day
Russia requests documents on Nord Stream turbine return
Russia’s Gazprom asked Siemens for documents that would allow the company to return its gas turbine, following maintenance in Canada
European inflation forecast raised
The European Commission has upped its inflation projection for Europe, citing supply disruptions and soaring prices
China’s economy shrinks on lingering Covid-19 woes
China’s economy slowed sharply in the second quarter of the year due to Beijing’s tough Covid shutdowns, official data shows