Key facts
- Iran plans to restore 95 million cubic meters of natural gas production by the end of September.
- Repairs to energy infrastructure targeted by recent strikes are ongoing in Iran.
- China's independent refiners are expected to increase Iranian oil imports in August.
- China's domestic oil stockpiles have fallen to an eight-month low.
- Reduced imports and drawing down reserves by China helped cap global oil prices.
Iran is set to restore 95 million cubic meters of natural gas production by the end of September, according to Oil Minister Mohsen Paknejad. This initiative follows extensive repairs to energy infrastructure that had been targeted by recent strikes. The country is working to bring its energy production back to previous levels.