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What to Watch: EU Oil & US Gas Stock Data

ENERGY

ENERGY – What to watch

  • The updated Insights European product ARA inventories will be release today. Low stock levels and tight supply are keeping spreads high especially for diesel markets. Europe Gasoil stocks were at 1.495m mt last week compared to the 5-year average of 2.55m mt for this time of year.
  • This afternoon at 15:30BST sees the release of the latest EIA weekly gas inventories with stocks still 11% below the 5-year average. Expectation is for a build of 31bcf following a build of 44bcf last week and compared to a seasonal normal build of 48bcf for this time of year.



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