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What to Watch

ENERGY
  • The BTC Azeri Light crude loading program for June is expected today but with high supply and demand uncertainty market focus is likely to be on the updated EIA and OPEC monthly reports this week. The updated EIA Short Term Energy Outlook report will be released tomorrow, and the OPEC monthly oil report is due out on Thursday. The IEA oil market report is due next week.
  • The first batch of China trade data for April is due tomorrow including oil, gas and coal imports and oil product imports and exports.

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