• The updated IEA Oil Market Report due for release at 10:00 CET may help to give clarity to the balance in 2024 amid uncertain member compliance with OPEC+ output cuts and potential slower global oil demand growth this year.
  • The EIA weekly gas inventories for the week ending Mar. 8 will be released this afternoon at 10:30 ET (14:30GMT). The expectation is for a small draw of -2bcf according to a Bloomberg survey after a draw of -40bcf last week. The seasonal normal is a draw of around -99bcf.
  • The updated Insights Global European ARA product inventories will be released today around 15:15GMT. Gasoil stocks were last week below normal at 2.03m mt compared to the five year average of 2.16m mt. ARA Gasoline stocks rose to near normal at 1.24m mt.

ENERGY SECTOR: What to Watch: IEA Oil Report, US Gas Stocks and ARA Product Stocks

Last updated at:Mar-14 08:28By: David Lee
  • The updated IEA Oil Market Report due for release at 10:00 CET may help to give clarity to the balance in 2024 amid uncertain member compliance with OPEC+ output cuts and potential slower global oil demand growth this year.
  • The EIA weekly gas inventories for the week ending Mar. 8 will be released this afternoon at 10:30 ET (14:30GMT). The expectation is for a small draw of -2bcf according to a Bloomberg survey after a draw of -40bcf last week. The seasonal normal is a draw of around -99bcf.
  • The updated Insights Global European ARA product inventories will be released today around 15:15GMT. Gasoil stocks were last week below normal at 2.03m mt compared to the five year average of 2.16m mt. ARA Gasoline stocks rose to near normal at 1.24m mt.

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