API Weekly Statistical Bulletin (WSB)
Tue, Apr 15The American Petroleum Institute (API) is a prominent trade association that advocates for the U.S. oil and natural gas sector. One of its key publications is the Weekly Statistical Bulletin (WSB), which delivers essential data on the industry, such as inventory levels, imports, exports, and production statistics. Below is an overview of the API’s Weekly Statistical Bulletin and its significance for energy market participants.
What is API’s Weekly Statistical Bulletin?
API’s Weekly Statistical Bulletin (WSB) is a report that offers weekly insights into the supply and demand of crude oil and petroleum products in the United States. This report is issued by the American Petroleum Institute, which represents the oil and natural gas industry in the country. The WSB encompasses a broad spectrum of data pertinent to the U.S. petroleum sector.
Published every Tuesday, the WSB updates information on crude oil, gasoline, and distillate inventories, along with refinery operations, imports, exports, and production levels. The report is compiled from data collected from API’s member companies, which represent a substantial portion of the U.S. petroleum industry's activities.
Why is the WSB important?
The WSB is extensively utilized by analysts, traders, and industry professionals to monitor trends in the oil market and to make well-informed decisions regarding the buying and selling of crude oil and petroleum products. The report includes data on crude oil production, refinery inputs and outputs, inventories of crude oil and petroleum products, as well as exports and imports of these commodities.
The information provided in the report can significantly influence energy prices, as it sheds light on the supply and demand dynamics within the U.S. oil and natural gas markets. For instance, an unexpected rise or fall in inventories can trigger price fluctuations in crude oil, gasoline, and other petroleum products. Consequently, market participants closely observe the WSB to guide their decisions and trading strategies.
How to Access the WSB
The API’s Weekly Statistical Bulletin is accessible through a subscription, which can be obtained via the API’s website. The report is generally released on Tuesdays at 4:30 PM Eastern Time, with a one-week delay for the data. Subscribers receive the report through email or can access it via 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 provide more comprehensive analysis and data on various facets of the industry, catering to the diverse needs of market participants.
Summary
In summary, API’s Weekly Statistical Bulletin is a report that presents weekly data on the supply and demand of crude oil and petroleum products in the United States. Published by the American Petroleum Institute, it is widely relied upon by industry professionals to track oil market trends and make informed decisions regarding the buying and selling of crude oil and petroleum products. The WSB serves as a valuable resource for anyone interested in the oil market, offering crucial insights into the supply and demand dynamics of crude oil and petroleum products in the United States.
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