Bank of Japan policy board member Tamura said core (underlying) inflation has reached 2%.

U.S. EIA refined‑product output rose 55,000 b/d in the week to June 19; prior -29,000 b/d.

CHINA STATE PLANNER and the National Energy Administration issued the 15th Five‑Year Plan for New Energy System Construction, directing coal-fired power to pivot toward supporting flexible, peaking and balancing roles. The plan calls for optimizing coal-power layout and reasonably controlling coal-fired installed capacity and generation; implementing next‑generation coal plant retrofits to enhance deep peak regulation and fast‑ramp capabilities; and encouraging zero-/low‑carbon fuel co‑firing and carbon capture, utilization and storage (CCUS) to achieve cleaner, lower‑carbon operations. It also directs continued coal‑unit retirements and life‑extension management, rational planning and construction of gas‑fired plants, and expanded demonstration and deployment of domestically produced gas turbines.