ENERGY: What to Watch: OPEC MOMR
Apr-14 07:19
- The OPEC Monthly Oil Market Report is due for release today (at 14:00 CET last month) with focus on the global market balance and future demand growth forecasts. The IEA Oil Market Report will be published tomorrow.
| Release | Type | Release date | Release Time |
| OPEC monthly oil report | monthly | 14-Apr-25 | |
| EU Foreign Minister Meeting | 14-Apr-25 | ||
| Budapest LNG Summit | annual | 14-Apr-25 | |
| API oil data | weekly | 15-Apr-25 | 16:30 ET |
| IEA Oil Market Report | monthly | 15-Apr-25 | 10:00 CET |
| EIA weekly oil | weekly | 16-Apr-25 | 10:30 ET |
| Genscape crude ARA inventories | weekly | 16-Apr-25 | 09:00 BST |
| WTI Options Expiry | monthly | 16-Apr-25 | 19:30 BST |
| China March industrial output | monthly | 16-Apr-25 | 03:00 BST |
| EIA weekly gas | weekly | 17-Apr-25 | 10:30 ET |
| Insights product ARA inventories | weekly | 17-Apr-25 | |
| Singapore oil product stockpile | weekly | 17-Apr-25 | 08:00 BST |
| ECB | monthly | 17-Apr-25 | 13:15 CET |
| Baker Hughes rig count | weekly | 17-Apr-25 | 13:00 ET |
| China 2nd batch trade data | monthly | 18-Apr-25 | |
| Nymex CFTC report | weekly | 18-Apr-25 | 15:30 ET |
| ICE COT report | weekly | 21-Apr-25 | 12:00 BST |
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
FED: March Economic Projections: Higher Inflation, Weaker Growth, Same Rates
Mar-14 21:28
The MNI Markets Team’s expectations for the updated Economic Projections in the March SEP are below.
- The unemployment rate is likely to rise slightly for 2025 alongside a downgrade in GDP growth, while the 2025 core and headline PCE inflation projections are set to rise again. Changes to later years will likely be limited, however.
- More detail on the shift in Fed funds rate medians is in our meeting preview - we will add more color next week.
FED: Market Pricing Nearly 3 2025 Cuts As Conditions Tighten
Mar-14 21:25
Amid rising government policy uncertainty, sentiment among businesses and consumers has fallen sharply since the start of the year, while equities and the dollar have reversed their post-election rise. Overall, financial conditions have tightened, even if stress is not yet mounting, e.g. no major widening of credit spreads (the accompanying chart shows the Fed’s financial conditions impulse index but only through January).
- Combined with growth fears, this has affected expectations for the Fed’s rate path, with around 18bp more cuts expected in 2025 compared with what was seen after the January FOMC. 65bp of cuts are priced for the year as a whole. 2025 cut pricing reached 71bp before the February inflation data and 76bp before the February payrolls report.
- A rate cut is seen with near zero probability for March’s meeting, but the first full cut is just about priced for June, with a second nearly priced by September.
- Chair Powell has no reason to endorse or refute these expectations – he’s likely to be happy with a press conference that ends with little discernable change in pricing.
CANADA'S CARNEY ANNOUNCES ELIMINATION OF THE CONSUMER CARBON TAX
Mar-14 21:17
- CANADA'S CARNEY ANNOUNCES ELIMINATION OF THE CONSUMER CARBON TAX
