Energy Events for January 18-19, 2023
On the agenda, on January 18, is IEA Monthly Report. On January 19, stocks of crude oil and petroleum products, data on natural gas reserves, as well as the production of gasoline and distillates are in the spotlight.
January 18, 2023
12:00 GMT+3 – IEA Monthly Report IEA
January 19, 2023
00:30 GMT+3 – API Weekly Crude Oil Stock. Forecast: -1.75М. Previous value: 14.865M
18:30 GMT+3 – Natural Gas Storage. Forecast: -71В. Previous value: 11В
18:30 GMT+3 – Crude Oil Inventories. Forecast: -0.593М. Previous value: 18.962M
18:30 GMT+3 – Cushing Crude Oil Inventories. Forecast: –. Previous value: 2.511M
18:30 GMT+3 – EIA Weekly Refinery Crude Runs. Forecast: –. Previous value: 0.831M
18:30 GMT+3 – Crude Oil Imports. Forecast: –. Previous value: 2.708M
18:30 GMT+3 – EIA Weekly Refinery Utilization Rates. Forecast: 3.8%. Previous value: 4.5%
18:30 GMT+3 – Distillate Fuel Production. Forecast: –. Previous value: 0.509M
18:30 GMT+3 – EIA Weekly Distillates Stocks. Forecast: 0.122М. Previous value: -1.069М
18:30 GMT+3 – Gasoline Production. Forecast: –. Previous value: -0.067М
18:30 GMT+3 – Gasoline Inventories. Forecast: 2.529M. Previous value: 4.114M
18:30 GMT+3 – Heating Oil Stockpiles. Forecast: –. Previous value: 0.405M
More information is provided by the economic calendar.
At the present time, the cost of gold is firmly entrenched at $1,900 dollars per ounce. That mark is already very close to a possible maximum predicted by analysts. That kind of dynamics is driven by noticeable dollar weakening and decrease in the yields of the U.S. government bonds.
27 JanuaryAccording to expectations of strategists of the Internationale Nederlanden Groep, gold will grow in 2023.
27 JanuaryThe U.S. economy unfolded more actively in the fourth quarter than analysts might have expected. However, domestic demand grew at the slowest pace in 2.5 years, reflecting the impact of higher credit costs.
27 JanuaryThe U.S. strategic petroleum reserve (SPR) decreased by more than 40% in two years. The reserves were 371.57 million barrels on January 20, compared to 638.08 million barrels a year ago.
27 JanuaryThe European Union plans to implement a $100-per-barrel limit on Russian diesel fuel.
27 January