India's coal-powered electricity generation last month surged by 14% on the year to 120.20 billion kWh as drier, hotter weather prompted a significant increase in demand. Reuters noted in a report on the news that this is the highest portion of coal-fired generation since November 2023. Wind and solar, meanwhile, also rose as percentage of India's electricity mix, to 19% of the total in June, according to data from the country's grid operator. On an annual basis, wind and solar rose by 23%, the data also showed.
Coal power generation is expected…
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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