It provides strong data support for the US energy management department to formulate relevant energy policies. EIA data mainly refers to the reserve report of crude oil, natural gas and other energy products, in which natural gas EIA is generally released at 22:30 every Thursday night. This data mainly shows the number of crude oil inventories in the United States this week.
Extended data
EIA data has great influence on asphalt and crude oil products (fuel oil, diesel oil, etc.). ). The oil market, foreign exchange market and precious metal market will all have certain influences. EIA reports information independently and is not influenced by the government.
The change of crude oil inventory actually reflects the attitude of the US government towards oil prices. If the strategic crude oil inventory increases significantly, it shows that the US government recognizes the oil price at that time, which will increase the strategic inventory, reserve crude oil resources, intensify the contradiction between supply and demand, and lead to an increase in oil prices.
References:
EIA crude oil inventory _ Baidu Encyclopedia