RE:RE:May 11th...EIA Report. Net draw (including SPR)Hi Ogre, the API is optional reporting whereas the EIA is mandatory. That said the EIA weekly data does have modeling estimates which is why you have seen them downgrade data the last few months during the monthly updates
It is my understanding most pros ignore the API and focus on EIA (not just stock levels but production, import/exports, utilization etc.). There are a lot of stats the API does not provide.
I can't speak to a growiing API/EIA disconnect...but I think they have been off for a long time now.
Also API does not include the 7M SPR draw...so that is always going to be a disconnect as that grows.
Ogre03 wrote: I have a question for you. How is it that the API reports and the EIA reports have become so drasticly different? over that last month or so?