DOE data showed U.S. Strategic Petroleum Reserve (SPR) crude stocks fell 5.5 mln bbl to 325.7 mln bbl, the lowest level since May 1983. The draw is part of a 172 mln‑bbl release agreement aimed at filling post‑Iran‑conflict global supply gaps and easing fuel prices. Strong U.S. crude exports and refinery demand have driven rapid recent declines. Since the late‑February outbreak of the conflict, total U.S. stocks (commercial plus SPR) fell 111.4 mln bbl to 743.3 mln bbl as of June 19, the lowest

China’s Ministry of Industry and Information Technology (MIIT) and seven other ministries issued implementation guidance to accelerate high‑quality development of the industrial internet by deepening integration with artificial intelligence. The guidance backs enterprises and research institutes leveraging the industrial internet’s pervasive connectivity and data aggregation to train both industry‑scale large models and scenario‑specific small models, and to develop model interconnection interfaces to boost collaborative efficiency. It promotes deployment of generative design, human‑machine interaction and production‑network optimization applications, and calls for faster rollout of industrial intelligent agents to strengthen industrial systems’ sensing, decision‑making and execution across design, pilot testing, production, service and operations.

OECD urges France to restore pension reform tying statutory retirement age to life expectancy.