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ENERGY – What to watch

ENERGY

ENERGY – What to watch

  • Saudi Aramco are expected to announce their official selling price for August early this week. The expectation is for the Arab Light crude OSP to Asia to be raised by 2.5$/bbl to a 9$/bbl differential to Oman-Dubai crude.
  • With the US holiday today liquidity is likely to be lower and the ICE and Nymex markets are due to close early. ICE Brent is due to close at 18:30 BST and Nymex WTI is due to close at 14:30ET.
  • EIA are expected to release the missing Petroleum Supply Monthly, Natural Gas Monthly, and Electric Power Monthly this week. An updated schedule has not yet been released for these reports following the delayed release due to a system failure.

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