Private Survey Reveals Lower Headline Crude Build than Anticipated
Tuesday, 5 March 2024, 21:39
Oil Inventories Survey: Crude Build Below Expectations
Private Survey Results
- Headline crude: +2.1mn barrels
- Distillates: -0.7 mn bbls
- Gasoline: -1.6 mn
This data point is from a privately-conducted survey by the American Petroleum Institute (API). The official report from the US Energy Information Administration (EIA) is due soon and is expected to offer a more comprehensive view of the oil market, including statistics on inputs and outputs from refineries and various crude oil grades.
The EIA report is deemed more accurate than the API's 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.