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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
ENERGY
Energy – what to watch
- After the release of the latest US oil inventories yesterday, today is the turn for European refined product inventories. Insights Global will update the European stock data with last week’s data showing Gasoil inventories (incl. heating oil and diesel) in the ARA region at just 1.55m mt compared to a 5-year average of 2.17m mt.
- Today sees the expiry of the Jul22 Brent options against today’s futures close price at 19:30BST. The 115$/bbl strike calls are the only nearby strike with any noticeable open volume.
- EIA weekly gas inventories will be released this afternoon at 15:30BST. The US Natgas price broke through the 9$/mmbtu level yesterday with low stocks adding to the bullish sentiment. US stocks last week stood at 1732bcf and this week is expected to match the previous weeks rise of 89bcf. This would be in line with the 5-year average rise of 90.8bcf but is unlikely to be enough to change the bullish trend.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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