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On the 25th an Iraqi oil ministry official was reported to have said Iraq was “considering all options, including leaving OPEC” if its production quota is not substantially increased. The oil ministry issued a statement the same day saying those repo

2026-06-25

On the 25th an Iraqi oil ministry official was reported to have said Iraq was “considering all options, including leaving OPEC” if its production quota is not substantially increased. The oil ministry issued a statement the same day saying those reports do not represent the government’s official position and that the prime minister and cabinet have not discussed exiting OPEC. The ministry said crude quotas should be reassessed based on each member’s sustainable production capacity, taking into account Iraq’s security and economic conditions, and that this stance is consistent with previously approved agreements.

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2026-06-25

GfK's July consumer confidence index was -29.2 (consensus -27.6); June was revised to -29.7. The index remains deeply weak; July's modest improvement reflected a small uptick in income expectations while purchase intent and saving propensity were unc

GfK's July consumer confidence index was -29.2 (consensus -27.6); June was revised to -29.7. The index remains deeply weak; July's modest improvement reflected a small uptick in income expectations while purchase intent and saving propensity were unchanged. GfK said confidence is stable at low levels: easing Inflation worries from peace talks and lower oil prices have slightly lifted economic expectations, but there is no sign of a return to pre-war levels.
2026-06-25

Micron Technology shares, boosted by an AI-driven rally, extended gains on Thursday and were at one point near 20% higher, briefly overtaking Meta Platforms and Tesla in market capitalization. Gains later narrowed to about 10%, leaving Micron’s marke

Micron Technology shares, boosted by an AI-driven rally, extended gains on Thursday and were at one point near 20% higher, briefly overtaking Meta Platforms and Tesla in market capitalization. Gains later narrowed to about 10%, leaving Micron’s market value around $1.3 trillion. The move followed Wednesday after-hours guidance for Q4 revenue and profit that helped reverse recent losses. Micron said customers have committed about $22 bln to secure memory-chip supply.
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