Oil Storage Data - Taking Stock

Volatile prices and perceived problems with WTI as a benchmark have triggered renewed calls for weekly European stock data to supplement US data. An EC directive is currently being discussed, but not everyone is in favour of this, finds Rachel Morison

The release of weekly storage data on US crude markets is followed closely by oil derivatives traders and brokers and can trigger strong price movements if it differs from expectations.

The two data sets, released by the American Petroleum Institute (API) and the Energy Information Administration (EIA) - the statistical wing of the US Department of Energy - cover physical oil stocks in the US only, but traders of both US and European crude trade on the numbers. However, with questions hanging

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here