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What to Watch

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00GMT. Stocks were last week up at 54.97mbbls and the average for this time of year is 54.026mbbls.
  • The day delayed weekly API oil inventory data is due for release today at 16:30 ET ahead of the EIA data tomorrow. Last week the EIA data showed a recovery in refinery utilisation and big build in crude stocks.
  • IEA are due to release the updated Oil Market Report at 10:00CET. The update follows on from the OPEC monthly report yesterday which kept 2023 oil demand outlook unchanged.

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