Free Trial

What to Watch: OPEC MOMR and EIA STEO

ENERGY
  • OPEC are scheduled to release the Monthly Oil Market Report normally about 13:00BST with updated forecasts for supply, demand and production estimates.
  • EIA are also expected to publish their latest Short Term Energy Outlook at 17:00BST with updates to supply and demand forecasts for 2023 for oil, gas, and power markets.
  • The latest weekly API oil inventory data is due for release today at 16:30 EST ahead of the EIA data tomorrow. Both sets of data are delayed by a day due to the US holiday on Monday. US inventory data is currently expected to show a build in crude stocks and draws in both gasoline and distillates.
  • Genscape European ARA crude inventories will be updated today at 09:00BST. Stocks were near normal last week with stocks of 55.15mbbls. The five-year average for this time of year is 53.7mbbls.

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.