Private Survey of Oil Inventories Shows a Significant Crude Draw Compared to Expectations
Tuesday, 12 March 2024, 20:33
Private Survey Highlights
The inventory data from the private survey is out now, official data follows Wednesday morning at 10.30 am US Eastern time.
Expectations:
- Headline crude +1.3 mn barrels
- Distillates -0.2 mn bbls
- Gasoline -1.9 mn
This data point is from a privately-conducted survey by the American Petroleum Institute (API), focusing on oil storage facilities and companies. The more accurate and comprehensive EIA report is eagerly anticipated, offering insights into refinery inputs, market statistics, and storage levels across crude grades.
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.