January 29, 2025 08:16 GMT
ENERGY: What to Watch: ARA Crude, US Oil Stocks & US Fed
ENERGY
- The latest Genscape European ARA crude inventories will be released today at 09:00GMT. Stocks last week were just below the seasonal normal at 51.4mbbl.
- The EIA weekly petroleum inventory data for the week ending Jan. 24 is due for release today at 10:30ET (15:30GMT). A Bloomberg survey expects a 2.0mbbl build in U.S. crude stocks, a 0.35mbbl build in gasoline and a 2.15mbbl draw in distillates while refinery utilisation fell 0.30 percentage points.
- The US Fed rate decision is expected at 14:00 ET. The FOMC will keep the benchmark Fed funds rate on hold on January 29 for the first time in four meetings, as it shifts to a more patient phase of its easing cycle after delivering 100bp of cuts
Release | Type | Release date | Release Time |
EIA weekly oil | weekly | 29-Jan-25 | 10:30 ET |
Genscape crude ARA inventories | weekly | 29-Jan-25 | 09:00 GMT |
FOMC | monthly | 29-Jan-25 | 14:00 ET |
N Sea Loadings for March | monthly | 30-Jan-25 | |
EIA weekly gas | weekly | 30-Jan-25 | 10:30 ET |
Insights product ARA inventories | weekly | 30-Jan-25 | |
Singapore oil product stockpile | weekly | 30-Jan-25 | 08:00 GMT |
ECB | monthly | 30-Jan-25 | 13:15 CET |
US GDP for Q4 | quarterly | 30-Jan-25 | 08:30 ET |
Nymex CFTC report | weekly | 31-Jan-25 | 15:30 ET |
ICE COT report | weekly | 31-Jan-25 | 18:30 GMT |
Baker Hughes rig count | weekly | 31-Jan-25 | 13:00 ET |
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