Oil: private survey of inventory shows headline crude oil build vs. draw expected


Via oilprice.com on Twitter:

Expectations I had seen centred on:

  • Headline crude -1.3mn barrels
  • Distillates -1.4mn bbls
  • Gasoline -0.5 mn

This data point is from a privately-conducted survey by the American Petroleum Institute (API).

  • It’s a survey of oil storage facilities and companies
  • The official report is due Wednesday morning US time.

The two reports are quite different.

The official government data comes from the US Energy Information Administration (EIA)

  • Its based on data from the Department of Energy and other government agencies
  • Whereas information on total crude oil storage levels and variations from the previous week’s levels are both provided by the API report, the EIA report also provides statistics on inputs and outputs from refineries, as well as other significant indicators of the status of the oil market, and storage levels for various grades of crude oil, such as light, medium, and heavy.
  • the EIA report is held to be more accurate and comprehensive than the survey from the API
Later this year,
ForexLive.com
is evolving into
investingLive.com, a new destination for intelligent market updates and smarter
decision-making for investors and traders alike.



  • Related Posts

    Forexlive Americas FX news wrap: Trump cancels trade talks with Canada
    • June 27, 2025

    High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide…

    Continue reading
    US Com Secretary Lutnick announced the deal with China that was reached in Geneva in May!
    • June 26, 2025

    High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide…

    Continue reading

    Random News

    Qatar emphasises peaceful resolution of conflicts after DRC-Rwanda deal | Conflict News

    • By gonews
    • June 27, 2025
    • 1 views
    Qatar emphasises peaceful resolution of conflicts after DRC-Rwanda deal | Conflict News

    Congress might block state AI laws for a decade. Here’s what it means.

    • By gonews
    • June 27, 2025
    • 1 views
    Congress might block state AI laws for a decade. Here’s what it means.

    Score Big with Cooper Flagg’s Dallas Mavericks Jersey: Where to Grab Yours Now!

    • By gonews
    • June 27, 2025
    • 2 views
    Score Big with Cooper Flagg’s Dallas Mavericks Jersey: Where to Grab Yours Now!

    LIVE BLOG: Israel Kills Civilians in Lebanon, Deliberately Targets Gaza Aid Seekers – Day 630

    • By gonews
    • June 27, 2025
    • 1 views
    LIVE BLOG: Israel Kills Civilians in Lebanon, Deliberately Targets Gaza Aid Seekers – Day 630