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What to Watch: Genscape ARA & EIA US Inventories and N Sea Loadings

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00GMT. Data last week showed stocks at 46.9mbbls and still below the previous five year range and average of 51.5mbbls.
  • The EIA weekly petroleum inventory data for the week ending Feb. 23 is due for release this afternoon at 10:00ET (15:30GMT). Crude inventories are expected to build again and gasoline and distillates stocks to show draws with a small recovery in refinery utilisation according to a Bloomberg survey.
  • Also expected from today is the release of the latest North Sea crude loading programs for March.


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