EU ENERGY SECTOR: What to Watch
Jul-05 07:35By: David Lee
- The day delayed API oil inventory data is due for release today at 16:30 ET ahead of the EIA weekly data tomorrow. The EIA data last week showed a big draw in crude, with small distillate and gasoline stock builds leaving inventory levels below normal.
- The latest Genscape European ARA crude inventories will be released today at 09:00BST. Stocks have built in recent weeks up to 60.93mbbls last week and now above the five year average of 58.17mbbls for this time of year.
- The 8th OPEC International Seminar takes place today and tomorrow in Vienna with speakers including the Saudi Arabia Energy Minster Prince Abdulaziz bin Salman.
- The FOMC June meeting minutes are published later and economic data includes European/UK services/composite PMIs for June and the May US factory orders print.
