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ENERGY
  • The day delayed EIA weekly petroleum inventory data is due for release this afternoon at 16:00BST. Crude inventories are expected to show another draw this week with small draws also for distillates and gasoline and a slightly higher refinery utilisation according to a Bloomberg survey.
  • The updated Insights Global European ARA product inventories will be released today. Gasoil stocks last week fell further to 2.005m mt below the five year average of 2.30 m mt for this time of year. ARA Gasoline stocks recovered last week after a recent decline to 1.344m mt compared to the five year average of 1.12m mt for this time of year.
  • The EIA weekly gas inventories are due to release tomorrow due to the US holiday earlier this week.

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