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What to Watch: OPEC MOMR, EIA STEO & API Data

ENERGY
  • The OPEC Monthly Oil Market Report is due for release today (at 12:00CET last month) with future demand growth and member compliance with pledged cuts in focus.
  • The EIA Short Term Energy Outlook is scheduled at 10:00ET (17:00BST) with updates for oil, gas, and power, as the market looks for indications of the future pace of US supply and outlook for demand growth.
  • The API oil inventory data is due at 16:30ET ahead of the EIA Weekly Petroleum Status Report tomorrow. The EIA data last week showed builds in crude and products with another increase in US refinery utilisation.

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