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What to Watch: US Gas & EU Oil Product Stocks and Jodi Data

ENERGY
  • The EIA weekly gas inventories for the week to Nov 3 and Nov 10 will both be released this afternoon at 10:30 ET (15:30 GMT). The expectation for the week to Nov 10 is for a build of +41bcf according to a Bloomberg survey compared to the seasonal normal of +24bcf.
  • The updated Insights Global European ARA product inventories will be released today. Gasoil stocks were last week near the five year range lows at 1.723m mt compared to the five year average of 2.18m mt. ARA Gasoline stocks were last week above the five year range at 1.334m mt compared to the average of 1.00m mt for this time of year.
  • The update to the JODI world oil and gas database is due today with global supply and demand data for September.

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