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ENERGY
  • The updated Insights Global European ARA product inventories will be released today. Gasoil stocks were above average at 2.484m mt last week compared to the 5-year average for this time of year of 2.25m mt. ARA Gasoline stocks were last week up at 1.361m mt compared to an average of 1.24m mt for this time of year.
  • The latest EIA weekly gas inventories for the week ending 17 Mar will be released this afternoon at 14:30GMT. The expectation is for a draw of -73bcf following on from the -58bcf draw last week. The 5-year average for this time of year is -41bcf.
  • The Bank of England meeting takes place today at 12:00 GMT with expectation for a 25 basis point rate hike.

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