India’s coal power generation did not grow between the first half of 2024 and the first half of 2026, for the first such two-year period in over 50 years in which coal power has remained flat in the world’s second-largest coal consumer, a new analysis by the Centre for Research on Energy and Clean Air (CREA) for Carbon Brief showed. “The period from the first half of 2024 to the first half of 2026 saw the largest increase in non-fossil power generation on record in India,” Lauri Myllyvirta, lead analyst at the Centre for…
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