US Energy Information Administration to Report on Crude Oil Stockpiles
Tuesday, 12 March 2024, 23:29
US Energy Information Administration Report
The private survey results were a huge surprise draw:
- Private survey of oil inventories shows a huge headline crude draw vs the build expected
Analysts are expecting a build in the official data:
- The US Energy Information Administration (EIA) will release its weekly report on Wednesday at 10.30 am US Eastern time.
- According to consensus estimates from a survey by The Wall Street Journal, analysts forecast the report will show an increase of 2.8 mn barrels in commercial crude oil stockpiles
- a fall of 1.8 mn barrels in gasoline inventories
- a decrease of 1.4 mn barrels in distillate stocks
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.