Oil
Saudis Lower July Oil Prices, Though Still at Decades High
Saudi Arabia cut the price of its main crude grade to Asia for a second straight month, though the premium for barrels to the kingdom’s largest market remained near the highest in decades.
OPEC+ Agrees Another Symbolic Quota Increase for July
Major OPEC+ members agreed another modest symbolic increase to their oil output quotas for July, even as a blockage of exports from the Gulf prevents most of them from implementing it.
Why Oil’s Not at $200 After the Biggest Supply Shock in History
For decades, oil traders, executives and analysts warned that closing the Strait of Hormuz would be a global economic catastrophe.
