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What to Watch: EIA Gas & ARA Oil Stocks

ENERGY
  • The latest EIA weekly gas inventories for the week ending Oct 28 will be released this afternoon at 14:30GMT. The expectation is for a build of 99bcf after a week of below normal consumption and curtailed LNG exports. Last week saw a build of +52bcf and the 5-year average for this time of year is +64bcf.
  • The updated Insights Global European ARA product inventories will be released today. ARA Gasoil stocks were at 1.744m mt last week with the 5-year average at 2.37m mt for this time of year. ARA Gasoline stocks were last week at 1.214m mt and the average for this time of year is 0.925m mt.
  • The MPC policy announcement is at 12:00GMT and presser at 12:30GMT with a 75bp hike widely expected.

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