The impact weight of EIA crude oil inventory data on oil prices is 5 stars.

Data release time: (once a week)

API crude oil inventory data is published at 4: 30am every Wednesday (5: 30am in winter).

EIA crude oil inventory data is released at 22:30 every Wednesday night (23:30 in winter time).

Where does the data come from:

API, api gravity, is a non-profit organization with the nature of trade association, which integrates petroleum exploration, development, storage and transportation and sales. It was founded in 19 19 and is headquartered in Washington, D.C. ... API crude oil inventory data is the statistical data of the association, and API crude oil inventory data is released by non-governmental organizations.

EIA, us energy information administration, was established in 1977. It belongs to the U.S. Department of Energy and is an energy statistics organization established by Congress, headquartered in Washington, D.C. ... EIA crude oil inventory data is published by the Energy Information Administration of the American Energy Information Association (EIA) and belongs to the official authoritative data.

Data content:

API crude oil inventory data mainly reports the inventory level of crude oil, gasoline and distilled oil in the United States, reflects the oil demand in the United States by products and regions, and monitors the crude oil production, crude oil imports and refined oil products in the United States. The main function of API is to predict the trend of EIA crude oil inventory data. According to the law, environmental impact assessment reports information independently and is not influenced by its government. EIA publishes weekly, monthly and annual reports covering energy production, reserves, demand, import, export and price. EIA report usually refers to weekly inventory data, which is called the vane of crude oil market and widely used by market traders and international authoritative energy consulting institutions.

The relationship between API and EIA:

API crude oil inventory data can show the economic situation of countries consuming crude oil-related products, and also have a value impact on the US dollar. Because API crude oil inventory is published earlier than EIA, it is usually used to predict EIA. According to statistics, the same direction rate of API and EIA is as high as 8 1%, so it is known as the most reliable prediction data of EIA. EIA crude oil inventory data mainly shows the quantity of crude oil inventories in the United States this week, which directly reflects the supply and demand of crude oil. Therefore, it has a great impact on oil prices and crude oil futures, spot crude oil, gasoline, diesel and other fuels, emerging spot asphalt and other markets, and the US dollar index and related exchange rates will also be affected.

Pay attention to the official account transaction of WeChat WeChat on the night of eia data release, and the peer-to-peer transaction mode is the best.