07 Jul Energy price, news, commentary and analysis | Combined crude and condensate exports from the Middle East rose in June
(Oilandgaspress) 07/07/26, The United Arab Emirates raised its crude output to near record highs above 3.8 million barrels per day in June, after the Gulf nation quit OPEC to escape production caps, Reuters reported citing two sources familiar with production data said on Monday. Bloomberg data showed even higher UAE exports, rising to 3.94mmb/d, just shy of the record hit in late 2025.. The jump in output comes as oil markets have shifted from concerns over severe supply disruptions during the Iran war, to worries about surplus supply. Related News
| Oil and Gas Blends | Units | Oil Price | Notes |
| Crude Oil (WTI) Oilprice | US$/bbl | $70.18 | Up |
| Crude Oil (Brent) | US$/bbl | $73.73 | Up |
| Bonny Light 01/07/26 CBN | US$/bbl | $71.63 | — |
| Dubai | US$/bbl | $79.45 | — |
| Natural Gas | US$/MMBtu | $3.27 | Up |
| Murban | US$/bbl | $69.63 | Up |
| OPEC basket 06/07/26 OPEC | US$/bbl | $70.37 | Up |
| At press time July 07, 2026 |
Bentley’s sales in the Chinese market continues to decline, with total deliveries in 2025 amounting to 2,030 units—more than 50% lower than the historical peak of 4,212 units recorded in 2021. In the first four months of 2026, cumulative sales reached just 489 units, a 30% year-over-year drop. In May alone, imports totaled 115 units, down 36% compared to the same month last year. Amid falling sales, Bentley has significantly reduced its vehicles’ retail prices. The 2026 Flying Spur now offers comprehensive cash discounts. The official manufacturer’s suggested retail price (MSRP) for the 2024 Flying Spur V8 Standard is RMB 2.793 million, yet some dealers are quoting as low as RMB 1.993 million—a discount of RMB 800,000. Resale values have also declined sharply: the three-year residual value ratio for the Flying Spur dropped from nearly 75% in 2024 to 62% in 2025. Market analysts attribute this downturn to the rapid rise of domestic premium new-energy vehicle brands Related News
ENERCON has signed contracts with Planungsbüro Düser for its first Wind+ Storage projects in Germany, combining wind turbines, battery energy storage systems and hybrid control technology.
The company said the projects comprise the Möhnesee-Westrich wind-farm-coupled storage scheme with a 5MW/10MWh battery energy storage system and the Soest-Meiningsen project with a 15MW/30MWh battery energy storage system for grid- and market-oriented applications. ENERCON added that commissioning of both projects is planned for the first quarter of 2027. Related News
PNE has completed the sale of the 10.8MW Romescamps wind farm project in France to JP Energie Environnement (JPEE).
The company said the project, comprising three wind turbines, was developed by PNE France to ready-to-build status and that PNE France will continue to support the buyer with selected development activities under a Project Development Agreement.
PNE added the transaction is its second project sale in France to JPEE.. . Related News
The Deepwater Development Conference (DD) 2027 Advisory Board from TotalEnergies, bp, Eni, MODEC, and the Society for Underwater Technology (SUT), companies with established ties to the board, alongside Wes Keull of Noble, who joins as a brand-new company addition to the 2027 lineup.
Each brings direct, senior-level experience in deepwater project execution, subsea engineering, and portfolio management, and will play an active role in shaping the technical program for Bordeaux. The Deepwater Development Conference is the only international event entirely focused on the unique challenges, innovations, and opportunities of the deepwater oil & gas sector. From subsea systems and floating production to frontier exploration and digital transformation, the Deepwater Development Conference brings together the full value chain — operators, contractors, technology providers, and regulators — for a laser-focused discussion on what’s next in deepwater development. Related News
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