Energy Events for January 25, 2023

Stock of crude oil and petroleum products, as well as the production of gasoline and distillates are on the agenda.

00:30 GMT+3 – API Weekly Crude Oil Stock. Forecast: 1.6М. Previous value: 7.615M

18:30 GMT+3 – Crude Oil Inventories. Forecast: 0.971M. Previous value: 8.408M

18:30 GMT+3 – Cushing Crude Oil Inventories. Forecast: –. Previous value: 3.646M

18:30 GMT+3 – EIA Weekly Refinery Crude Runs. Forecast: –. Previous value: 0.202M

18:30 GMT+3 – Crude Oil Imports. Forecast: –. Previous value: -1.224M

18:30 GMT+3 – EIA Weekly Refinery Utilization Rates. Forecast: 1.2%. Previous value: 1.2%

18:30 GMT+3 – Distillate Fuel Production. Forecast: –. Previous value: 0.057M

18:30 GMT+3 – EIA Weekly Distillates Stocks. Forecast: -1.121М. Previous value: -1.939М

18:30 GMT+3 – Gasoline Production. Forecast: –. Previous value: 0.332М

18:30 GMT+3 – Gasoline Inventories. Forecast: 1.767M. Previous value: 3.483M

18:30 GMT+3 – Heating Oil Stockpiles. Forecast: –. Previous value: -0.26M

The growth of Oil reserves, gasoline, fuel oil and distillates as a rule leads to a decrease in their cost when all other things equal. Conversely, a reduction in the reserves of oil, gasoline, fuel oil and distillates, leads to an increase in their prices.

However, usually data from the US Energy Information Administration (EIA) is published simultaneously, which means that it is necessary to evaluate the agency's report as a whole.

At the same time, the data from the American Petroleum Institute (API) are published earlier and are a kind of guideline in anticipation of official data from the US Energy Information Administration (EIA).

More information is provided by the economic calendar.