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What to Watch: US Gas Stocks and ARA Product Stocks

ENERGY
  • The EIA weekly gas inventories for the week ending Feb 23 will be released this afternoon at 15:30GMT. The expectation is for a draw of -87bcf according to a Bloomberg survey after a draw of -60bcf last week. The seasonal normal is a draw of -173bcf.
  • The updated Insights Global European ARA product inventories will be released today around 15:15GMT. Gasoil stocks were last week below normal at 1.93m mt compared to the five year average of 2.26m mt. ARA Gasoline stocks were last week at 1.205m mt and just below the five year average of 1.23m mt.


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