#APIreport#
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The American Petroleum Institute publishes 1600 reported crude oil inventory levels for US crude oil, gasoline and distillate inventories every Tuesday. The data shows how much oil stocks and products are now available, so it can be understood how long the supply will last. Moreover, the data represents US oil demand by product and region, while monitoring US crude oil production and crude oil imports and refined oil products.
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EIA vs. API: What's the Difference?
There are two crude oil inventory reports released each week in the United States. One is from the American Petroleum Institute (API) and the other is from the U.S. Energy Information Administration (EIA). The API is a national trade association whereas the EIA is an agency of the U.S
Crude oil price retreats as US inventories rise
The New Zealand dollar rose against the US dollar after relatively strong economic numbers from the country. The data showed that the country’s business confidence increased to 7.0 in February mostly because of the ongoing vaccination campaign. The data came a day after the Reserve Bank of New Zeala
