EU ENERGY SECTOR: What to Watch
Aug-04 07:32By: David Lee
- The OPEC JMMC meeting takes place today at 14:00 CET to review the impact of production cuts but is not expected to make any recommendations to change overall policy.
- US nonfarm payrolls are due to release at 08:30 ET.
- The latest Baker Hughes rig count data is due for release at 13:00ET. The oil rig count data continues to trend lower down to 529 last week with the gas rig count down at 128.
- The ICE and Nymex commitments of traders reports are due for release after the close today at 18:30BST and 15:30EST. WTI managed money net long positions last week increased to the highest since April while ICE Gasoil net longs rose for a third week to the highest since late January.
