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What to Watch: EIA Gas Stocks & JODI Data

ENERGY
  • The latest EIA weekly gas inventories for the week ending Nov 11 will be released this afternoon at 15:30GMT. The expectation is for another above normal build of +63bcf compared to +79bcf last week and the 5-year average for this time of year of +8bcf.
  • The updated Insights Global European ARA product inventories will be released today. ARA Gasoil stocks were at 1.708m mt last week with the 5-year average at 2.22m mt for this time of year. ARA Gasoline stocks were last week at 1.231m mt and the average for this time of year is 0.95m mt.
  • The update to the JODI world oil database is due today giving the latest data regarding both global supply and demand amid high market uncertainty.

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