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What to Watch: US Gas Stocks and ARA Product Stocks

ENERGY
  • The EIA weekly gas inventories for the week ending Mar. 1 will be released this afternoon at 15:30GMT. The expectation is for a draw of -37bcf according to a Bloomberg survey after a draw of -96bcf last week. The seasonal normal is a draw of around -139bcf.
  • The updated Insights Global European ARA product inventories will be released today around 15:15GMT. Gasoil stocks rose last week but were still below normal at 2.06m mt compared to the five year average of 2.26m mt. ARA Gasoline stocks were last week holding just below normal at 1.18m mt compared to the five year average of 1.26m mt.

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