The inventory data from the private survey is out now, official data (usually) comes out on Wednesday morning (US time), but this week due to the holiday Monday it'll be Thursday morning.

oil api 07 September 2023


Expectations I had seen centred on:

  • Headline crude -2.1 mn barrels
  • Distillates +0.2 mn bbls
  • Gasoline -1 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):

oil 07 September 2023