Free Trial

What to Watch: US Gas Stocks and ARA Product Stocks

ENERGY
  • The EIA weekly gas inventories for the week ending May 31 will be released this afternoon at 10:30 ET (15:30BST). The expectation is for a build of 92bcf according to a Bloomberg survey following a build of 84bcf the previous week. The seasonal normal is a build of around 105bcf.
  • The updated Insights Global European ARA product inventories will be released today around 15:15BST. Gasoil stocks last week dipped back to the five year average level at 2.225m mt. ARA Gasoline stocks remain low at 0.993m mt compared to the previous five year average of around 1.2m mt despite gains last week.
  • The ECB rate decision is due to be announced at 14:15 CET with a 25bp rate cut expected.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.