JODI data show Saudi Arabia's petroleum product exports fell 148,000 bpd in April to 1.009 mln bpd.

India's asset-backed securities market reached a record as global banks increased purchases to gain exposure to one of the world's fastest-growing major economies. Crisil Ratings chief rating officer Krishnan Sitaraman said foreign banks' share of total bond issuance rose to about 35% in the fiscal year to March, up from roughly 28% and 30% in the prior two years. With annual ABS issuance of 1.53 trillion rupees (about $16bn), that implies overseas lenders purchased roughly $5.6bn of bonds. People familiar with the matter said Barclays, Citigroup, JP Morgan and Standard Chartered were among the foreign banks boosting allocations to the sector.

SpaceX filed to issue its first senior unsecured investment-grade notes, saying the deal could mark the start of a large fundraising wave to finance its AI ambitions after a record $75 bln IPO. The filing says issuance is subject to market conditions; the notes would be unsecured and pari‑passu with all existing and future non‑subordinated debt. Media reports say SpaceX is seeking at least $20 bln; proceeds would repay a temporary bridge loan of roughly that size, which makes up the bulk of the company’s $29.1 bln of long-term debt. Moody's and FITCH last week rated the debt Baa1 and BBB+ respectively—each three notches above junk—while S&P assigned BBB.