Through oilprice.com:
This title is made in shares, enough something, especially required by a draw.
Expectations I had seen:
- Headline Crude -2.1MN Barrel
- Dystillates -1.0 MN BBLS
- Gasoline -1.7 MN
,
The data point is from a privately conducted survey by the American Petroleum Institute (API).
- This is a survey of oil storage facilities and companies
- The official report is due to US time on Wednesday morning.
Both reports are quite different.
Official government data comes from US Energy Information Administration (EIA)
- Depending on the data of its Energy Department and other government agencies
- While information about total crude oil storage levels and variation from last week’s levels is provided by both API reports, EIA report also provides data on input and output from refineries, as well as other important indicators of oil market conditions, and storage levels for various grade of crude oil, such as light, medium and heavy.
- EIA report is considered more accurate and comprehensive than survey from API
