Saudi Energy Minister: The International Energy Agency (IEA) has been making mistakes in oil market forecasts.

Saudi Energy Minister: OPEC+ is a market stabilizer not a price cheater.

Saudi Energy Minister: The amount of hydrogen purchased is uncertain because there is no clear policy or incentives to buy hydrogen.

Saudi Energy Minister: Energy policy needs to focus on the big picture.

According to the network status monitoring website DownDetector: User reports indicate that Twitter has problems.

Qatar Energy Minister: Very happy to see the G7 talking about the world needing more LNG in their final communiqué.

Qatar Energy Minister: Due to active energy transition, severe gas shortages are expected in the future.

Iraqi Oil Minister: OPEC+ production cuts will help stabilize the market.

Iraqi Oil Minister: Iraq strives to maintain (oil market) stability and help global economic growth.

Iraqi Oil Minister: We are committed to the OPEC+ production cut commitment.

Market news: Ukrainian President Zelensky met with front-line troops to congratulate them on celebrating the Ukrainian Marine Corps Day.

Saudi Energy Minister: OPEC+ must remain vigilant and proactive.

[Institutional comment on German PMI data in May] Cyrus de la Rubia, chief economist at Hamburg Commerzbank, said that although signs of weakness in the manufacturing industry have become more obvious, the expansion of the service industry has accelerated. Unusual differences emerged. The upbeat performance in the services sector suggested that consumer spending was doing better than expected even as inflation sapped household purchasing power. Growth in the services sector outpaced weakness in manufacturing, the data showed, with the composite index pointing to a faster pace of growth than the previous month. So despite zero economic growth at the start of the year, the specter of a prolonged recession is effectively gone. And talk of so-called greedy inflation in Germany was likely fueled by the services PMI price data. This is because, while the upward momentum in input prices has weakened, sales prices have increased. That has fueled suspicions that companies in the sector, on average, have been able to boost profit margins and keep inflation high by doing so. And in manufacturing, the most dramatic drop in new orders, especially in foreign demand, which according to the PMI survey has actually collapsed. This means that the backlog of orders for German industry is likely to have fallen significantly.

Ursula Burns, co-founder of Integrum: Artificial intelligence can significantly reduce enterprise risk.

Integrum co-founder Ursula Burns: AI should be regulated.

German Defense Minister: Germany is studying a plan to support the F-16 fighter alliance.

ECB Vice President Guindos: Structural risks of liquidity mismatch and leverage remain high.