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What to watch

ENERGY
  • The latest update to the Jodi world oil database is due today as the market tries to understand the balance between demand reduction from the global economy and China against the reduction to supply from Russia and OPEC+ quota compliance.
  • More Chinese data is expected for release later this week and may help to shed some more light on to the impact the surge in covid cases has had on their oil, products and LNG demand, and refinery utilisation.
  • EU foreign ministers are meeting in Brussels today to discuss the next round of sanctions against Russia. Hungary have been the most strongly opposed to the proposed oil ban with their economy dependant on Russian supply without any readily available alternatives. Germany is aiming to stop Russia oil imports by the end of the year even if no EU agreement is reached.

Release

Type

Release date

Release Time

Jodi data

monthly

16-May-22

API oil data

weekly

17-May-22

16:30 EST

WTI Option Expiry

monthly

17-May-22

EIA weekly oil

weekly

18-May-22

10:30 EST

China oil product breakdown

monthly

Genscape crude ARA inventories

weekly

18-May-22

09:00 BST

Insights product ARA inventories

weekly

19-May-22

EIA weekly gas

weekly

19-May-22

10:30 EST

China country breakdown

monthly

20-May-22

Baker Hughes rig count

weekly

20-May-22

13:00 EST

ICE COT report

weekly

20-May-22

18:30 BST

Nymex CFTC report

weekly

20-May-22

15:30 EST

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