Overview:

Global energy markets demonstrated resilience this week as OPEC crude output surged in June following resumed exports through the Strait of Hormuz, while broader commodity indices showed mixed signals. Meanwhile, policymakers across major economies—from the Saudi Arabian Monetary Authority to European and Chinese officials—advanced regulatory reforms aimed at stimulating investment and trade flows. Gold prices posted their strongest weekly performance in five weeks amid softening expectations for U.S. interest rate increases.

Details:

The Saudi Arabian Monetary Authority reduced the mortgage repurchase right period from six months to one month for residential portfolios sold to the Saudi Real Estate Refinancing Company, a measure intended to accelerate real estate market liquidity and investor confidence in the mortgage sector.

OPEC crude oil production jumped significantly during June as supply disruptions eased, with global rig counts rising 61 units year-on-year to reach 1,822 platforms worldwide. Brent crude settled at USD 72.12 per barrel, posting marginal weekly gains of 0.2 percent, while market participants monitored geopolitical risks affecting the Strait of Hormuz.

Precious metals strengthened as gold reached USD 4,179.94 per ounce, supported by declining expectations for Federal Reserve rate hikes. The decline reflected shifting monetary policy sentiment among major central banks.

China announced reductions in fuel surcharges on domestic aviation routes, a move signaling continued economic stimulus measures. Separately, European Commission leadership reaffirmed dialogue with Beijing aimed at addressing trade balance imbalances through structured negotiations rather than unilateral measures.

On the investment front, Saudi Arabia concluded its inaugural Water Week in Jeddah with participation from over 80 nations, unveiling 18 investment opportunities valued at 15 billion riyals. Additionally, the National Center for Vegetation Development and Desertification Combat launched 142 environmental investment opportunities across areas exceeding 60 million square meters.

Outlook:

Investors remain focused on whether sustained OPEC production increases can support price stability amid persistent geopolitical tensions. Policy interventions in real estate financing and environmental development indicate Gulf states are prioritizing diversification while maintaining energy sector discipline. Global markets will monitor U.S.-Iran diplomatic developments and their implications for maritime trade corridors.