BRENT$84.72+1.23
WTI$81.15+0.89
HENRY HUB$2.64-0.07
OPEC BASKET$85.30+0.96
TTF GAS€35.80+0.45
BRENT$84.72+1.23
WTI$81.15+0.89
HENRY HUB$2.64-0.07
OPEC BASKET$85.30+0.96
TTF GAS€35.80+0.45
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Markets

China's Coal Habit Is Outpacing Its Clean Energy Boom

Jun 29, 2026 1 min read Source: OilPrice.com

A recent social media post from a meteorologist with a large following made a claim that deserves a closer look. The post argued that it is a myth that China is responsible for rapidly rising carbon dioxide emissions, and it has been shared hundreds of times. The following graphic attached to the post, from Our World in Data, showed annual carbon dioxide emissions by world region. It also showed something that undercut the claim: China’s emissions have surged this century and now represent the largest single-country contribution to annual…

Market Context

Global crude oil markets remain sensitive to a combination of macroeconomic signals, OPEC+ production policy, and geopolitical developments across key producing regions. Brent crude and WTI serve as the primary price benchmarks, with spread movements reflecting regional supply-demand imbalances and refinery demand shifts.

Energy traders and analysts closely monitor inventory data from the U.S. Energy Information Administration (EIA), which releases weekly petroleum status reports that frequently move markets. Rising inventories typically signal demand weakness or oversupply, while draws support price recovery.

What to Watch

Analysts and traders will be watching upcoming EIA inventory reports, OPEC+ output decisions, and macroeconomic indicators — particularly U.S. Federal Reserve policy signals and China demand data — for directional cues on crude prices in the near term.

Read original article at OilPrice.com

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