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What to Watch: US Gas and EU Oil Product Stocks

ENERGY
  • The latest EIA weekly gas inventories for the week ending 21 Apr will be released this afternoon at 15:30GMT. The expectation is for a build of +74bcf following on from the build of +75bcf last week. The 5-year average for this time of year is a build of +39bcf.
  • The updated Insights Global European ARA product inventories will be released today. Gasoil stocks have eased lower in recent weeks in line with the seasonal trend but are still above average at 2.359m mt. The 5-year average for this time of year is 2.11m mt. ARA Gasoline stocks were last week slightly lower at 1.337m mt but still high compared to an average of 1.16m mt for this time of year.

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