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United States API Crude Oil Stock Change

Price

6.272 M BBL/1
Change +/-
+4.312 M BBL/1
Percentage Change
+104.76 %

The current value of the API Crude Oil Stock Change in United States is 6.272 M BBL/1. The API Crude Oil Stock Change in United States increased to 6.272 M BBL/1 on 10/1/2024, after it was 1.96 M BBL/1 on 9/1/2024. From 3/23/2012 to 11/8/2024, the average GDP in United States was 171,306.15 BBL/1. The all-time high was reached on 1/6/2023 with 14.87 M BBL/1, while the lowest value was recorded on 7/28/2023 with -15.4 M BBL/1.

Source: American Petroleum Institute (API)

API Crude Oil Stock Change

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API Crude Oil Stock Change

API Crude Oil Stock Change History

DateValue
10/1/20246.272 M BBL/1
9/1/20241.96 M BBL/1
8/1/2024263,500 BBL/1
6/1/20241.589 M BBL/1
5/1/20242.347 M BBL/1
4/1/20244.01 M BBL/1
3/1/20244.88 M BBL/1
2/1/20246.198 M BBL/1
1/1/2024483,000 BBL/1
12/1/20231.123 M BBL/1
1
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5
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Similar Macro Indicators to API Crude Oil Stock Change

NameCurrentPreviousFrequency
🇺🇸
API Crude Oil Imports
954,000 BBL/1-1.15 M BBL/1frequency_weekly
🇺🇸
API Crude Oil Throughputs
91,000 BBL/1-12,000 BBL/1frequency_weekly
🇺🇸
API Distillate Stocks
1.136 M BBL/1-852,000 BBL/1frequency_weekly
🇺🇸
API Gasoline Inventories
-3.689 M BBL/13.31 M BBL/1frequency_weekly
🇺🇸
API Heating Oil
-465,000 BBL/1-405,000 BBL/1frequency_weekly
🇺🇸
API Product Imports
384,000 BBL/1-233,000 BBL/1frequency_weekly
🇺🇸
Crude Oil Imports
-57,000 Barrels552,000 Barrelsfrequency_weekly
🇺🇸
Crude Oil Inventory Change
3.591 M BBL/1-2.547 M BBL/1frequency_weekly
🇺🇸
Cushing API Number
-1.859 M BBL/11.724 M BBL/1frequency_weekly
🇺🇸
Cushing Crude Oil Inventories
-226,000 Barrels307,000 Barrelsfrequency_weekly
🇺🇸
Distillate Fuel Production
-127,000 Barrels233,000 Barrelsfrequency_weekly
🇺🇸
Distillate inventories
-1.394 M Barrels2.947 M Barrelsfrequency_weekly
🇺🇸
Gasoline Inventory Change
-4.407 M Barrels412,000 Barrelsfrequency_weekly
🇺🇸
Gasoline production
559,000 Barrels13,000 Barrelsfrequency_weekly
🇺🇸
Heating Oil Stocks
-1.06 M Barrels335,000 Barrelsfrequency_weekly
🇺🇸
Natural Gas Inventory Change
21 B cubic feet18 B cubic feetfrequency_weekly
🇺🇸
Oil drilling rigs
479 485 frequency_weekly
🇺🇸
Refinery Crude Throughput
65,000 Barrels252,000 Barrelsfrequency_weekly
🇺🇸
Strategic Petroleum Reserve Crude Oil Inventories
367.811 M Barrels367.218 M Barrelsfrequency_weekly
🇺🇸
Total number of drilling rigs
584 585 frequency_weekly

Crude oil stocks pertain to the weekly fluctuations in the crude oil supply condition.

What is API Crude Oil Stock Change?

API Crude Oil Stock Change: A Comprehensive Analysis for Financial Experts The dynamics of crude oil stocks hold significant sway over global economic trends, and among the most pivotal indicators of these dynamics is the American Petroleum Institute's (API) Crude Oil Stock Change. For professionals vested in macroeconomic data, understanding this index is indispensable. Eulerpool, a leading platform for macroeconomic insights, offers an in-depth, real-time glimpse into this crucial marker. Here, we unravel the essence of API Crude Oil Stock Change, dissecting its implications and applications for seasoned financial analysts, market strategists, and policy makers. API Crude Oil Stock Change is a weekly statistical measure disseminated by the American Petroleum Institute (API). It reports the change in crude oil inventories held by private entities in the United States—excluding those held by the government. The data, released every Tuesday at 4:30 PM Eastern Time, provides insights into supply-demand dynamics in the oil market, influencing commodity prices, economic policies, and investment strategies worldwide. At the core of this measure is the principle of equilibrium in supply and demand. Over and above normal consumption patterns, an increase in crude oil stocks may suggest a supply surplus, exerting downward pressure on oil prices. Conversely, a decline in inventories can indicate a supply shortage or heightened demand, potentially driving prices upwards. Financial experts closely monitor these fluctuations, as they encapsulate broader market sentiments and expectations. The API collects inventory data from a broad spectrum of sources, including refiners, bulk terminal operators, and pipeline companies. These comprehensive data points culminate in the API’s Weekly Statistical Bulletin, which covers not only crude stocks but also gasoline and distillate fuels. However, it is the crude oil stock change data—published in barrels—that often garners the most attention due to its immediate and profound impact on market behavior. For a professional invested in macroeconomic analysis, the nuances of API Crude Oil Stock Change bear extensive consequence. Firstly, it complements the U.S. Energy Information Administration’s (EIA) own crude oil inventory reports, which are typically released a day later on Wednesdays. When API and EIA data align, the market’s response tends to be more pronounced and predictable. Discrepancies, however, can stoke volatility due to uncertainty and speculation among traders and investors. The implications of API Crude Oil Stock Change extend globally. Crude oil is a cornerstone of international trade and its pricing has cascading effects on virtually every sector—from manufacturing and transportation to agriculture and technology. A high-frequency economic indicator such as the API report enables market participants to recalibrate their strategies in real-time in response to shifting supply-demand landscapes. Energy companies, for instance, may adjust their production schedules, refining capacities, or export-import plans based on the latest inventory data. Similarly, policymakers might refine their inflation forecasts and monetary policies by integrating inventory trends with other economic indicators. On the investment front, portfolio managers and hedge funds often exploit the data for speculative trading, leveraging futures and options to capitalize on anticipated price movements. Moreover, the reach of API Crude Oil Stock Change transcends the oil market. Currency traders also factor in these inventory changes, as oil prices exert substantial influence on currency valuations, especially for oil-exporting and importing nations. For example, a rise in U.S. crude inventories can lead to a dip in oil prices, which might affect the value of the Canadian dollar due to Canada’s substantial oil exports. Another domain where the API Crude Oil Stock Change proves vital is in the geopolitical landscape. Perturbations in oil inventories can signal broader geopolitical shifts or underlying supply chain disruptions. For instance, an unexpected rise in stocks may hint at demand reductions caused by socio-political unrest or economic sanctions, impacting geopolitical stability and international relations. In the energy market ecosystem, API's inventory data interacts synergistically with other vital metrics such as rig counts, production levels, and export-import figures. Integrating API data with these parameters allows for a holistic view of the energy market's health and prospects. Analysts often employ econometric models that incorporate API data to predict future price trends, guiding investment decisions, and commercial strategies. A confluence of factors determines the supply-demand balance reflected in API Crude Oil Stock Change. Seasonal demand variations, technological advancements in extraction and refining, international production agreements like those of OPEC, and macroeconomic trends are all key contributors. By staying abreast of these underlying factors, experts can better interpret API data and forecast its trajectory and implications. Given this backdrop, Eulerpool is positioned as a vital resource for financial experts seeking to harness the intricacies of API Crude Oil Stock Change. Our platform collates, curates, and contextualizes this data, offering users sophisticated analytical tools and real-time updates. With Eulerpool, professionals can not only track weekly inventory changes but also dive deep into trends, correlations, and predictive analytics, enhancing their decision-making process. In conclusion, the API Crude Oil Stock Change is a quintessential measure in the macroeconomic theatre, holding multifaceted implications for the energy market, global economy, and geopolitical stability. As a professional purveyor of macroeconomic insights, Eulerpool stands at the vanguard of this domain, equipping experts with the analytical prowess to navigate the complexities of oil market dynamics. Through our platform, financial and strategic professionals can distill the weekly API data into actionable intelligence, fostering informed decisions and strategic foresight in a rapidly evolving global economic landscape.