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What to Watch: Gas and Oil Inventory Data

ENERGY
  • The updated Insights Global European ARA product inventories will be released today. Gasoil stocks have recovered in recent weeks up to 1.903m mt last week compared to the 5-year average for this time of year of 2.17m mt. ARA Gasoline stocks were last week up at 1.31m mt compared to an average of 1.08m mt for this time of year.
  • The latest EIA weekly gas inventories for the week ending 23 Dec will be released this afternoon at 15:30GMT. The expectation is for a big draw of -195bcf due to the recent winter blast following on from the -87bcf draw last week. The 5-year average for this time of year is -105bcf.
  • The day delayed EIA weekly petroleum inventory data is due for release this afternoon at 16:00GMT. Expectation is for the stock data to show a draw in crude and product stocks with a decline in refinery utilisation.

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