EU ENERGY SECTOR: What to Watch
Jul-27 07:35By: David Lee
- The latest EIA weekly gas inventories for the week ending 21 Jul will be released this afternoon at 15:30BST. The expectation is for a build of +15bcf compared to a build of +41bcf last week and the seasonal normal of +32bcf.
- The updated Insights Global European ARA product inventories will be released today. Gasoil stocks were last week holding below normal at 1.985m mt compared to the five year average of 2.36m mt. ARA Gasoline stocks were last week above the previous five year range up at 1.401m mt compared to the five year average of 1.14m mt for this time of year.
- The ECB rate decision is due today at 14:15 CET with a rate hike of 25 basis points expected.
