What to Watch
Jan-12 08:38By: David Lee
Oil BulletsPower BulletsGas Bullets
- The updated Insights Global European ARA product inventories will be released today. Gasoil stocks have recovered in recent weeks as refiners attempt to increase supplies ahead of the ban on Russian supplies next month. Inventories were last week up to 2.040m mt compared to the 5-year average for this time of year of 2.33m mt. ARA Gasoline stocks were last week up at 1.315m mt compared to an average of 1.175m mt for this time of year.
- The latest EIA weekly gas inventories for the week ending 6 Jan will be released this afternoon at 15:30GMT. The expectation is for a small draw of -11bcf following on from the large -221bcf draw last week due to the shift from cold in late December to the warm start to January. The 5-year average for this time of year is -155bcf.
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