Free Trial

Focus on European product inventories

ENERGY
  • US and European gasoline prices have rallied nearly 70% since the start of the year on tight supply with refineries not able to keep up with demand especially with the reduction in Russia flows. THE EIA data yesterday showed some easing in distillate stock levels, but gasoline showed further draws. Focus today will be on Europe as the updated Insights European product ARA inventories are released. European gasoil stocks have recovered in recent weeks but remain 35% below the 5-year average level.
  • This afternoon at 15:30BST see the release of the latest EIA weekly gas inventories with current levels near the bottom of the 5-year range. Expectation is for a build of 89bcf which would be a greater increase than average for this time of year and could help to slow rising prices.

To read the full story

Close

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.