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What to Watch: EIA STEO & API Data

ENERGY
  • The latest monthly EIA Short Term Energy Outlook report will be released today normally between 17:00 and 17:15 BST. The report will provide forecasts for the coming month with high uncertainty over both supply and demand. The monthly oil report from IEA and OPEC reports are expected to be released later this week on Thurs Aug 11.
  • The latest weekly API oil inventory data is due for release after the close today at 16:30 EST ahead of the EIA data tomorrow. Low product inventory levels are giving some support to prices but concerns for demand are currently outweighing any tightness in product supply. The data this week will be closely watched for any indications of a recovery in demand from lower pump prices.

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