The Difference Between API and EIA Crude Oil Storage Reports

API (American Petroleum Institute) and EIA (Energy Information Administration) are two organizations that publish weekly reports on crude oil storage levels in the United States. The API report is based on data collected from a survey of oil storage facilities and is published on Tuesday afternoons, while the EIA report is based on data from the previous week and is released on Wednesday mornings. The report may be issued on a different date if a holiday falls during the week. … Continue reading “The Difference Between API and EIA Crude Oil Storage Reports”

EIA Oil Inventories +4.591M Crude Build -2.125M Gasoline Draw #TCOIL

Our post Harvey TCOIL preview for this week’s EIA DOE Weekly Petroleum Status Report highlights the key variables to watch out for. Crude oil markets are watching for products and production after the hurricanes with the all important import export trade.