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EIA & Genscape data due today

OIL
  • Prices were supported after the API data last night showed draws in crude, Cushing and in gasoline. Further draws in the EIA data later could help maintain the strong gasoline market and the closing WTI-Brent spread. The weekly EIA oil inventory data will be released this afternoon at 15:30BST. Expectation is for the EIA to report a build in crude and small draws in the products.
  • The latest Genscape European ARA crude inventories will be released today at 09:00BST. Stocks have been building since the beginning of March and last week inventories were up to 56.96mbbls.
  • More data is expected from China this week which could help to understand the impact of their zero covid policy on oil demand.

Release

Type

Release date

Release Time

EIA weekly oil

weekly

18-May-22

10:30 EST

China oil product breakdown

monthly

18-May-22

Genscape crude ARA inventories

weekly

18-May-22

09:00 BST

Insights product ARA inventories

weekly

19-May-22

EIA weekly gas

weekly

19-May-22

10:30 EST

China imports country breakdown

monthly

20-May-22

Baker Hughes rig count

weekly

20-May-22

13:00 EST

ICE COT report

weekly

20-May-22

18:30 BST

Nymex CFTC report

weekly

20-May-22

15:30 EST

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