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What to Watch: EIA STEO Report and API Data

ENERGY


  • The latest weekly API oil inventory data is due for release today at 16:30 ET ahead of the EIA data tomorrow. A Bloomberg survey shows US inventory data is currently expected to show a small draw in crude stocks and a recovery higher for refinery utilisation. Gasoline inventories are expected to show a small build and distillates a small draw.
  • EIA are expected to publish their latest Short Term Energy Outlook at 17:00BST with updates to supply and demand forecasts for 2023 for oil, gas, and power markets.


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