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Central Bank Decision Due Thursday

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SONIA FIX - 24/01/23

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What to Watch: EU Meeting and API Data

ENERGY
  • The latest weekly API oil inventory data is due for release today at 16:30 EST ahead of the EIA data tomorrow. US inventory data is currently expected to show little change in crude stocks and refinery utilisation and small draws in both gasoline and distillates.
  • EU Energy Ministers are meeting today to continue discussion of emergency measures including joint gas purchases, gas generation price cap and a temporary dynamic gas price corridor. EU efforts earlier this year helped bring prices down over 70% from the peak in August.

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