EIA Says Weekly U.S. Oil Inventory Report Will Be Delayed
The U.S. government's Energy Information Administration said
Wednesday that problems with its systems have forced it to delay
the scheduled release Thursday of its weekly report on U.S. oil
"Our experts are working on a solution to restore the affected
systems," it said in a statement, without giving an indication of
when the oil data and some other scheduled data may be released.
"We apologize for the inconvenience of this delay, and remain
committed to our mission of collecting, analyzing and disseminating
independent and impartial energy information as we resolve this
Despite the problems, the EIA said it nonetheless will be able
to release its weekly natural gas storage report as scheduled,
Thursday morning at 10:30 a.m. ET.
The weekly EIA oil report is closely watched by investors in
oil- and fuel-trading markets, as it is considered the most
reliable and up-to-date data in the world for gauging oil supply
and demand balances. The headline numbers on U.S. crude-oil and
gasoline inventories often cause oil prices in the futures market
to immediately rise or fall.
For this week's report, a survey Wednesday by The Wall Street
Journal indicates analysts and traders are forecasting, on average,
that crude-oil inventories fell by 1.2 million barrels in the week
that ended June 17.
The EIA oil inventory report is normally released on Wednesdays
but was pushed back to a planned Thursday release due to Monday's
Write to Dan Molinski at firstname.lastname@example.org
(END) Dow Jones Newswires
June 22, 2022 16:42 ET (20:42 GMT)
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