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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
- Today sees the release of various oil inventory data from around the market. The day delayed US EIA stocks data at 16:00BST, the Singapore oil product stockpiles at 09:00BST and European ARA refined product inventories will all be reported today.
- EIA data is expected to show small draws across all crude and products potentially giving more support to oil markets, especially to refined products. The API data released yesterday however gave a more mixed picture and a repeat of the gasoline build could help ease the bull trend in crack spreads.
- European refined products inventories are also showing levels well below normal. Stock data last week showed ARA Gasoil 45% below the 5-year average levels.
- With global oil product stocks so low any results from the US Energy Secretary meeting with oil companies today will be of interest. Refiners were running at a high 93.7% utilization last week showing there is limited existing spare capacity.
- 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 61bcf compared to a seasonal normal build of 73bcf and a build of 92bcf last week
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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