Free Trial

What to Watch: IEA Oil Report & Oil Inventory Data

ENERGY
  • The latest Genscape European ARA crude inventories will be released today at 09:00GMT. Stocks were last week just below normal at 51.64mbbls after a decline in late Jan and early Feb. The five year average for this time of year is 52.14mbbls.
  • The EIA weekly petroleum inventory data is due for release this afternoon at 15:30GMT. Expectation is for the data to show a build in crude inventories but a draw in oil products with a small recovery higher in refinery utilisation.
  • IEA are due to release the updated Oil Market Report at 10:00CET. The update follows on from the OPEC monthly report yesterday which showed no change in oil demand growth with lower OECD demand offsetting an increase in China demand.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.