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What to Watch: EIA STEO & API Data

ENERGY
  • The EIA Short Term Energy Outlook is due for release at 10:00 ET (17:00 GMT) today with updates to supply and demand forecasts for oil, gas, and power markets. The OPEC Monthly Oil Market Report and IEA Oil Market Report are due out next week.
  • The API oil inventory data is due at 16:30 ET ahead of the EIA Weekly Petroleum Status Report tomorrow. The EIA data last week showed a build in crude and gasoline inventories and a draw in distillates stocks with refinery utilisation limited by outages.

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