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What to Watch

  • The latest EIA weekly gas inventories for the week ending 23 Jun will be released this afternoon at 15:30BST. The expectation is for a build of +82bcf compared to a build of +95bcf last week and the seasonal normal of +84bcf.
  • The updated Insights Global European ARA product inventories will be released today. Gasoil stocks last week dropped further below the five year average to 2.04m mt compared to the seasonal average of 2.30m mt. ARA Gasoline stocks have also dipped recently but remain above normal at 1.31m mt compared to the five year average of 1.15m mt for this time of year.
  • Also expected from today is the release of the latest North Sea crude loading programs for August.

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