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Euro Oil Product and US Gas Stocks Today

ENERGY

ENERGY – What to watch

  • After the EIA released US oil inventory data yesterday, the data focus today is on European oil product inventories and US gas inventories.
  • Insights Global will update the European oil product data with last week’s data showing Gasoil inventories (incl. heating oil and diesel) in the ARA region at just 1.50m mt compared to a 5-year average of 2.48m mt.
  • This afternoon at 15:30BST sees the release of the latest EIA weekly gas inventories with current levels still near the bottom of the 5-year range as stocks increase over the summer months. Expectation is for a build of 98bcf compared to a seasonal normal build of 103bcf.

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