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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. Stocks last week fell back below normal to 49.1mbbs compared to the previous five year average at 54.16mbbls.
  • The EIA weekly petroleum inventory data for the week ending Mar. 22 is due for release this afternoon at 10:30ET (14:30GMT). Crude and gasoline inventories are expected to draw but distillates are forecast to build while refinery utilisation increases again according to a Bloomberg survey.
  • Also expected from today is the release of the latest North Sea crude loading programs for May.

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