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What to Watch: EIA Gas & EU Oil Product Stocks

ENERGY
  • The latest EIA weekly gas inventories for the week ending Dec 2 will be released this afternoon at 15:30GMT. The expectation is for a draw of -30bcf following on from the -81bcf draw last week. The 5-year average for this time of year is -28bcf.
  • The updated Insights Global European ARA product inventories will be released today. Gasoil stocks were below normal at 1.716m mt last week compared to the 5-year average for this time of year of 2.12m mt. ARA Gasoline stocks were last week up at 1.36m mt compared to an average of 0.95m mt for this time of year.

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