Private Survey Indicates Decrease in Crude Oil Inventory

Tuesday, 19 March 2024, 20:33

A recent private survey conducted by the American Petroleum Institute (API) reveals a draw in crude oil inventory, with differences expected between this survey and the official government report by the US Energy Information Administration (EIA). While the API report focuses on storage levels, the EIA report offers a more comprehensive outlook on the oil market's status, including refinery inputs, outputs, and more. The EIA report is considered to be more accurate and inclusive compared to the API survey.

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Oil Inventory Update

This article provides insights into a recent private survey conducted by the American Petroleum Institute (API) regarding crude oil inventory.

Key Points:

X mn barrels headline crude with no change
Distillates: -0.1 mn bbls
Gasoline: -1.4 mn
Survey reveals differences with official EIA report

This data sheds light on the nuances of oil storage levels and operations in the market, highlighting varying perspectives between private and official reports.

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.

Oil Inventory Update

Key Points:

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