EIA inventory reports track stock levels of crude oil and petroleum products, providing key insights into supply and demand trends that impact energy prices and investment decisions
- Mar 01, 2023, 5:00 PM CST
A trader who specializes in trading options or futures contracts tied to energy commodities may use EIA inventory data as part of their overall risk management strategy.The Energy Information Administration is an independent agency within the U.S. Department of Energy that provides data and analysis on energy production, consumption, and prices.
The EIA's PSR provides important information on U.S. crude oil inventories which can help market participants gauge global supply/demand balances. If inventories are rising rapidly, this could indicate a glut in global supplies which may put downward pressure on prices; if inventories are falling rapidly or unexpectedly low, this could indicate tightness in global supplies which may put upward pressure on prices.
The EIA's inventory reports can provide important information about refining margins because they include data on refinery utilization rates and stocks of intermediate feedstocks used by refineries . When refinery utilization rates are high but stocks of intermediate feedstocks are low, this could indicate tighter refining margins, leading refiners to cut back production or raise their selling prices.
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