EIA Petroleum Status Report

Posted in Finance, Accounting and Economics Terms, Total Reads: 258
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Definition: EIA Petroleum Status Report

EIA Petroleum Status Report is a report which is published on every Wednesday by the Energy Information Administration. The report contains details about the level of crude reserves held and produced by the U.S. both in the domestic as well as the international market. Every report will contain data on oil reserves in the previous week ending on the Friday.


The price of oil is determined by the forces of supply and demand, similar to the way done in other commodities. When reserves will drop, prices shall rise and vice versa.

 

The content is as following:

1. U.S. Petroleum Balance Sheet

2. U.S. Inputs and Production by PAD District

3. Refiner and Blender Net Production

4. Stocks of Propane/Propylene by PAD District

5. Daily Crude Oil and Petroleum Product Spot Prices


Source: EIA&H 


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The EIA Petroleum Status Report is hence an indicator of the current oil prices.

 

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