Daily Morning Brief

European shares rose slightly as investors awaited the ECB's interest rate decision amid inflation concerns driven by Brent crude oil prices exceeding $100 per barrel. Associated British Foods fell after reporting lower Primark sales.

PTT clarified ongoing foreign investment talks for its refining and petrochemical units aim to boost competitiveness without definitive agreements yet. Earlier, affiliates PTTGC and SCGC explored a joint venture combining their olefin and polyolefin businesses in Thailand.

Australia relaxed its East Coast gas reservation rule for LNG exporters, replacing a fixed 20% quota with flexible production limits to ensure domestic supply. Major projects by Shell, Santos, and Origin Energy will be impacted by the policy change.

North American Blue Energy Partners aims to raise Venezuelan crude output to 500,000 barrels daily by 2028 following a Trump-administration-backed deal. The agreement secures 100-year concessions for 17 fields to accelerate production amid rising fuel price concerns.

Backed by the Trump administration, North American Blue Energy Partners plans to double Venezuelan crude output to 500,000 barrels per day by late 2028. The U.S. government secured a 35% equity stake in the deal to accelerate production and stabilize fuel prices.