Analysis of Differences Between API and EIA Reports on Oil Inventory Levels
Tuesday, 26 March 2024, 20:35
Private Survey of Oil Inventory Data
Expectations centred on:
- Headline crude: +1.3mn barrels
- Distillates: -1.7 mn bbls
- Gasoline: +0.5 mn
API vs. EIA Reports
This data point is from a privately-conducted survey by the American Petroleum Institute (API), which focuses on oil storage facilities and companies. The official government data comes from the US Energy Information Administration (EIA) and offers a more comprehensive view of the oil market, including refinery statistics and storage levels for different crude oil grades.
The EIA report is considered more accurate and detailed than the API survey.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.