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What to Watch: Saudi Aramco OSPs & API Data

ENERGY
  • Saudi Aramco are expected to announce the crude official selling prices for January in the coming days with the update typically in the first five days of the month. Arab Light crude to Asia is forecast to fall by 1.05$/bbl from the previous month according to a Bloomberg survey.
  • The API oil inventory data is due for release today at 16:30 ET ahead of the EIA Weekly Petroleum Status Report tomorrow. The EIA data last week showed a build in crude as well as builds in both gasoline and distillates stocks amid weak demand.

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