3 Jun 2015 West Texas Intermediate crude oil was down by less than 1% at around $61.14 per barrel shortly after the data. The reading on inventories Crude Oil Production Re-benchmarking Notice: When we release the Short-Term Energy Outlook (STEO) each month, the weekly estimates of domestic crude oil production are reviewed to identify any differences between recent trends in survey-based domestic production reported in the Petroleum Supply Monthly (PSM) and other current data. If we find a large difference between the two series, we may re-benchmark the weekly production estimate on weeks when we release STEO. The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. At 451.8 million barrels, U.S. crude oil inventories are about 2% below the five year average for this time of year. Total motor gasoline inventories decreased by 5.0 million barrels last week and are about 1% above the five year average for this time of year. Finished gasoline and blending components inventories both decreased last week. Crude oil inventories refers to the amount of unrefined petroleum held in storage by governments and oil producers. Supply and demand is important to understand as the more supply that keeps with demand, leads to lower prices. If demand begins to threaten supply levels, crude oil prices increase. Crude Oil Price Update – Strengthens Over $53.49, Weakens Under $53.29. Based on the early price action and the current price at $53.35, the direction of the November WTI crude oil futures contract the rest of the session on Thursday is likely to be determined by trader reaction to the uptrending Gann angle at $53.49. The American Petroleum Institute (API) and the U.S. Energy Information Administration (EIA) both provide weekly crude oil inventory reports. Oil inventory reports are indicators of the supply and
The American Petroleum Institute (API) and the U.S. Energy Information Administration (EIA) both provide weekly crude oil inventory reports. Oil inventory reports are indicators of the supply and Inventories of Natural Gas Liquids and Liquefied Refinery Gases . Presents data on the inventory levels of ethane, propane, isobutane, normal butane, and pentanes plus. These inventories, located at natural gas plants, at refineries, at bulk terminals, and in underground storage, are grouped into eight regional areas. The American Petroleum Institute reports inventory levels of US crude oil, gasoline and distillates stocks. The figure shows how much oil and product is available in storage.The indicator gives an overview of US petroleum demand. If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. Since 1929, API’s Weekly Statistical Bulletin (WSB) has reported total U.S. and regional crude inventories and data related to refinery operations, as well as the production, imports, and inventories of the four major petroleum products: motor gasoline, kerosene jet fuel, distillate fuel oil, and residual fuel oil.
Understand how different reports can help your understanding of supply and demand in the oil markets and how this information effect the economy. Markets Home Stream live futures and options market data directly from CME Group. E-quotes application. Access real-time data, charts, analytics and news from anywhere at anytime. crude oil production estimates are rounded to the nearest 100,000 b/d at the U.S. and lower 48 state levels. For more details see Appendix B, under "Data Obtained Through Models." 6 Formerly known as Unaccounted-for Crude Oil, this is a balancing item. See Glossary for further explanation. Where traders around the world get their data. Since 1929, API’s Weekly Statistical Bulletin (WSB) has reported total U.S. and regional crude inventories and data related to refinery operations, as well as the production, imports, and inventories of the four major petroleum products: motor gasoline, kerosene jet fuel, distillate fuel oil, and residual fuel oil. The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation.
Understand how different reports can help your understanding of supply and demand in the oil markets and how this information effect the economy. Markets Home Stream live futures and options market data directly from CME Group. E-quotes application. Access real-time data, charts, analytics and news from anywhere at anytime. crude oil production estimates are rounded to the nearest 100,000 b/d at the U.S. and lower 48 state levels. For more details see Appendix B, under "Data Obtained Through Models." 6 Formerly known as Unaccounted-for Crude Oil, this is a balancing item. See Glossary for further explanation.
The American Petroleum Institute reports inventory levels of US crude oil, gasoline and distillates stocks. The figure shows how much oil and product is available in storage.The indicator gives an overview of US petroleum demand. If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices.