China
For the Middle East and Central Asia, oil production and regional conflicts continue to weigh on prospects
Markets are pricing in a rate cut of at least 25 basis points by the Fed at the September meeting
Brent crude oil futures were down by 4 cents to $83.69 per barrel
Brent crude futures fell 21 cents, or 0.25 percent, to $84.64 per barrel
Exports from the three largest global LNG exporters, the U.S, Australia and Qatar, accounted for 60 percent of all LNG exports in 2023
Markets are currently pricing in a 93 percent chance of an interest rate cut in September, according to the CME Fedwatch Tool
Brent oil futures for September delivery recorded $85.10 per barrel
Brent oil futures for September delivery rose 0.1 percent to $85.52 per barrel
Brent Oil Futures expiring in September rose 0.7 percent to $85.74 a barrel
Brent crude futures rose 0.2 percent to $84.84 per barrel
BYD's Türkiye factory is expected to begin production by the end of 2026 and create 5,000 direct jobs
