China will have more installed solar power capacity than coal-fired generation capacity as early as this quarter, Chinese authorities have said. As of the end of June, solar power capacity stood at 1,274 gigawatts (GW), just below the total coal-fired installed capacity of 1,275 GW. “By the end of June, total solar power capacity had caught up with coal, effectively tying it as the country's largest primary power source,” says the mid-year report released by the China Electricity Council (CEC) cited by local media. Renewable energy…
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.
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