The EIA weekly gas inventories for the week ending Nov. 1 will be released this afternoon at 10:30 ET (15:30BST). The expectation is for a build of 67bcf according to a Bloomberg survey following a build of 78bcf the previous week. The seasonal normal is a build of around 49bcf.
The updated Insights Global European ARA product inventories will be released today around 15:15BST. Gasoil stocks were last week down to 2.09m mt to remain just below the previous five year average while ARA Gasoline stocks were also just below normal at 1.09m mt.
The US Fed rate decision is expected at 14:00 ET. The Fed is expected to cut by 25bp in both November and December however uncertainties remains over the rate path in 2025.
ENERGY: What to Watch: EIA Gas Stocks, ARA Oil Product Stocks & US Fed
Last updated at:Nov-07 08:18By: David Lee
Energy Data+ 14
The EIA weekly gas inventories for the week ending Nov. 1 will be released this afternoon at 10:30 ET (15:30BST). The expectation is for a build of 67bcf according to a Bloomberg survey following a build of 78bcf the previous week. The seasonal normal is a build of around 49bcf.
The updated Insights Global European ARA product inventories will be released today around 15:15BST. Gasoil stocks were last week down to 2.09m mt to remain just below the previous five year average while ARA Gasoline stocks were also just below normal at 1.09m mt.
The US Fed rate decision is expected at 14:00 ET. The Fed is expected to cut by 25bp in both November and December however uncertainties remains over the rate path in 2025.
