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What to Watch: US Gas Stocks & ARA Product Stocks

ENERGY
  • The EIA weekly gas inventories for the week ending May 3 will be released this afternoon at 10:30 ET (15:30BST). The expectation is for a build of 86bcf according to a Bloomberg survey following a build of 59bcf the previous week. The seasonal normal is a build of about 76bcf.
  • The updated Insights Global European ARA product inventories will be released today around 15:15BST. Gasoil stocks last week rose to 2.248m mt compared to the five year average of 2.24m mt. ARA Gasoline stocks last week fell to 1.022m mt and below the seasonal normal of 1.225m mt.

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