What does EIA Petroleum Status Report mean?
A weekly report on oil, released by the US Energy Information Administration (EIA). The EIA Petroleum Status Report provides valuable statistics about the total petroleum activities in the United States during the previous week.
For more in-depth information on how to read the EIA report, please see our tutorial.
Futures Knowledge Explains EIA Petroleum Status Report
The EIA Petroleum Status Report comes out on every Wednesday. The report contains data relating to production, imports, supplies and inventories of crude oil and other petroleum products. The report contains analysis on working of the US refineries and their capacity utilization.
The report also provides price movement data for the WTI crude oil during the last week.The report is watched closely by market participants as it influences markets.