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What to Watch

  • The latest EIA weekly gas inventories for the week ending 31 Mar will be released this afternoon at 15:30GMT. The expectation is for a draw of -23bcf following on from the -47bcf draw last week. The 5-year average for this time of year is -9bcf.
  • The updated Insights Global European ARA product inventories will be released today. Gasoil stocks have followed a seasonal decline in recent weeks but remain above average at 2.354m mt last week compared to the 5-year average for this time of year of 2.23m mt. ARA Gasoline stocks were last week up at 1.465m mt compared to an average of 1.25m mt for this time of year.

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