US EIA Distillate Fuel Production Change (Feb/20) -0.136 (Prev. 0.028)
Newsquawk Staff ·
US EIA Distillate Fuel Production Change (Feb/20) -0.136 (Prev. 0.028)
What it means
The drop in US EIA distillate fuel production from a previous gain indicates potential tightening in supply, which could support higher prices in the distillate market. This may have implications for overall energy inflation and could influence strategic positioning in oil-related markets ahead of the US session.
- EIA Expectations: Crude +0.35M, Distillate -0.63M, Gasoline -1M
- Russia and Azerbaijan are discussing natural gas swap supplies, reports Interfax
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US White House says the oil agreement with Venezuela will deliver a total of 65bln barrels
- Russian Deputy PM Novak says they are open to work with US partners on energy, but there are no current discussions around a return to specific projects
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