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Worth notingAgendaWed, Oct 28 ET 10:30 AM1 min read
The Energy Information Administration, or EIA, reports how much US commercial crude inventories rose or fell over a week. That balance reflects supply flows and refinery use, not a direct measure of gasoline or jet-fuel demand. Recent relief from Russian-energy trade restrictions could ease supply concerns, while Middle East risks pull the other way. The report helps assess the US crude cushion, but cannot establish what happened to overseas supply on its own.[1]
Last release −3.061
If inventories build and support a picture of more ample supply, oil prices could face pressure, squeezing producers' revenue per barrel while potentially lowering fuel costs for airlines and transport companies. A draw that reinforces tight supply could have the opposite effects. Check refinery activity, trade flows and fuel inventories: reduced refining can build crude stocks without proving weak final demand, and crude-price changes do not pass through equally to jet fuel or diesel. Watch whether the pattern persists and how much of any fuel saving users retain.[1]