EIA Petroleum Status Report

AAA

DEFINITION of 'EIA Petroleum Status Report'

A report published every Wednesday by the Energy Information Administration. This report outlines the level of crude reserves held and produced by the U.S. both domestically and abroad. Each report contains data on oil reserves for the previous week ending on Friday.

INVESTOPEDIA EXPLAINS 'EIA Petroleum Status Report'

The price of oil is determined by supply and demand, just as with any other commodity. When reserves drop, prices will rise and vice versa. The EIA Petroleum Status Report is therefore an indicator of current oil prices.

RELATED TERMS
  1. Liquefied Natural Gas

    The liquefied state of natural gas, which is created by cooling ...
  2. Billions Of Cubic Feet Equivalent ...

    A natural gas industry term typically used to measure the amount ...
  3. Publicly Traded Partnership - PTP

    A business organization owned by two or more co-owners, that ...
  4. Sweet Crude

    A type of oil that meets certain content requirements, including ...
  5. Energy Information Administration ...

    A government agency formed in 1977 as an advisor to the U.S. ...
  6. Natural Gas ETF

    Exchange-traded funds (ETFs) that invest in natural gas futures ...
Related Articles
  1. Active Trading

    Oil And Gas Industry Primer

    Before jumping into this hot sector, learn how these companies make their money.
  2. Options & Futures

    Fueling Futures In The Energy Market

    The energy market influences every aspect of our lives, and these four options are its driving force.
  3. Active Trading

    How Does Crude Oil Affect Gas Prices?

    Find out how this commodity's fluctuating price affects more than just how much you pay at the pump.
  4. Trading Strategies

    How can I hedge against rising diesel prices?

    In early 2007, the New York Mercantile Exchange announced that traders would be able to buy or sell futures contracts on New York Harbor ultra low sulfur diesel and U.S Gulf Coast ultra low sulfur ...
  5. Economics

    Meet OPEC, Manager Of Oil Wealth

    This organization's decisions can influence oil prices, but there is a limit to its power.
  6. VelocityShares 3x Long Crude Oil ETN has the potential for huge returns, but there are several reasons why you might want to steer clear for now.
    Mutual Funds & ETFs

    A Leveraged Oil ETN For The Future (Just Not Now)

    VelocityShares 3x Long Crude Oil ETN has the potential for huge returns, but there are several reasons why you might want to steer clear for now.
  7. Chart Advisor

    Commodities Set Up For A Continued Move Lower

    Commodities have been suffering since late summer, and unfortunately for the bulls it doesn’t appear that the situation is about to change anytime soon.
  8. Stock Analysis

    ConocoPhillips's Well-Oiled Profit Machine

    By focusing on upstream production and farming out subsequent links in the chain, ConocoPhillips maximizes profits in a very capital-intensive industry.
  9. A commodity is a basic good used in commerce.
    Markets

    What are Commodities?

    A commodity is a basic good used in commerce that is interchangeable with other commodities of the same type. Commonly traded commodities include gold, beef, oil, lumber and natural gas. Additional ...
  10. The law of supply and demand is one of the most basic principles in economics.
    Economics

    What is Supply & Demand?

    The law of supply and demand is one of the most basic principles in economics. In simplest terms, the law of supply and demand states that when an item is scarce, but many people want it, the ...

You May Also Like

Hot Definitions
  1. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  2. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
  3. Simple Interest

    A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate ...
  4. Special Administrative Region - SAR

    Unique geographical areas with a high degree of autonomy set up by the People's Republic of China. The Special Administrative ...
  5. Annual Percentage Rate - APR

    The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents ...
  6. Free Carrier - FCA

    A trade term requiring the seller to deliver goods to a named airport, terminal, or other place where the carrier operates. ...
Trading Center