According to CoinMeta, Argentina’s daily oil production in July reached a record high. Additionally, US media reports that the United States is seeking to acquire stakes in some Venezuelan oil fields, and Venezuela is reportedly considering withdrawing from OPEC to deepen its relations with the United States. Qatar Energy Company sold at least 7 million barrels of crude oil destined for shipment in October, and Goldman Sachs stated that Persian Gulf oil exports have returned to about two-thirds of pre-war levels. The Trump administration is considering increasing biofuel quotas by 500 million gallons for 2027, while Brazil’s National Petroleum Corporation is considering starting liquefied natural gas exports to meet the surge in demand from Asia. Market news indicates that Qatar will extend the force majeure period for liquefied natural gas exports to Pakistan until October. On the Iranian front, the US military claims to have removed mines from the international waterways of the Strait of Hormuz, and the US Department of Justice plans to reinstate capture courts to seize Iranian oil tankers. Trump stated that the Strait of Hormuz remains open, and Iran’s oil minister said that despite some reductions, Iran’s offshore oil sales and deliveries have not ceased.