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What to Watch: EIA STEO

  • The weekly API oil inventory data is due for release today at 16:30 ET ahead of the EIA data tomorrow. The previous EIA data showed a decline in crude inventories as refineries return from maintenance despite the small decline in utilisation last week.
  • The updated EIA Short Term Energy Outlook report will be released at 17:00GMT with updates to supply and demand forecasts for 2023 for oil, gas, and power markets. The OPEC and IEA monthly oil reports are due for release later in the week.

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