The American Petroleum Institute (API) is a major trade association that represents the U.S. oil and natural gas industry.
One of their most significant publications is the Weekly Statistical Bulletin (WSB), which provides key data on the industry, including inventory levels, imports, exports, and production figures.
Here’s an overview of the API’s Weekly Statistical Bulletin and its importance for energy market participants.
What is API’s Weekly Statistical Bulletin?
API’s Weekly Statistical Bulletin (WSB) is a report that provides weekly data on the supply and demand of crude oil and petroleum products in the United States.
The report is published by the American Petroleum Institute (API), a trade association that represents the oil and natural gas industry in the United States.
The API’s Weekly Statistical Bulletin is a report that covers a wide range of data related to the U.S. petroleum industry.
Published every Tuesday, the WSB provides updated information on crude oil, gasoline, and distillate inventories, as well as refinery operations, imports, exports, and production levels.
The report is based on data gathered from the API’s member companies, which account for a significant portion of the U.S. petroleum industry’s operations.
Why is the WSB important?
The WSB is widely used by analysts, traders, and industry professionals to track trends in the oil market, and to make informed decisions about buying and selling crude oil and petroleum products.
The report includes data on crude oil production, refinery inputs and outputs, inventories of crude oil and petroleum products, and exports and imports of crude oil and petroleum products.
The data provided in the report can have a significant impact on energy prices, as it offers insight into the supply and demand dynamics within the U.S. oil and natural gas markets.
A surprise increase or decrease in inventories, for example, can lead to price fluctuations in crude oil, gasoline, and other petroleum products.
As a result, market participants closely monitor the WSB to make informed decisions about their positions and trading strategies.
How to Access the WSB
The API’s Weekly Statistical Bulletin is available by subscription, which can be obtained through the API’s website.
The report is typically released on Tuesdays at 4:30 PM Eastern Time, with a one-week lag for the data.
Subscribers receive the report via email or can access it through the API’s online portal.
In addition to the WSB, the API also publishes other reports and data series related to the U.S. oil and natural gas industry, including the Monthly Statistical Report and the Quarterly Well Completion Report.
These publications offer more in-depth analysis and data on various aspects of the industry, catering to the needs of different market participants.
Summary
In conclusion, API’s Weekly Statistical Bulletin is a report that provides weekly data on the supply and demand of crude oil and petroleum products in the United States.
The report is published by the American Petroleum Institute, and is widely used by industry professionals to track trends in the oil market and make informed decisions about buying and selling crude oil and petroleum products.
The WSB is a valuable resource for anyone interested in the oil market, and provides valuable insights into the supply and demand dynamics of crude oil and petroleum products in the United States