This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.

Via Twitter:

oil stocks headline 22 March 2023


22 oil stocks headline 22 March 2023.jpg

Expectations I had seen centred on:

  • Headline crude -1.6 mn barrels
  • Distillates -1.5 mn bbls
  • Gasoline -1.7 mn


This data point is from a privately-conducted survey from 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)

Barrel of oil leaking