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What to Watch

ENERGY
  • The latest EIA weekly gas inventories for the week ending 2 Jun will be released this afternoon at 15:30BST. The expectation is for another larger than normal build of +114bcf compared to last week at +110cf and the 5-year average for this time of year is +103bcf.
  • The updated Insights Global European ARA product inventories will be released today. Gasoil stocks have dipped in recent weeks back to the five year average level with last week at 2.288m mt. ARA Gasoline stocks are still at the top of the five year range at 1.34m mt compared to the five year average of 1.19m mt for this time of year.

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