API to release inventory stats later in week next year

The American Petroleum Institute reported late last month that its weekly statistical bulletin will be released at 9 a.m. EST each Wednesday, beginning Jan. 8, 2003.API notified its subscribers in order to address contractual arrangements and to give subscribers reasonable notice in advance of this change."API has concluded that users may better assess industry conditions if API released its data concurrently with that of the (Department of Energy's) Energy Information Administration," a news release said Nov. 1. Currently, API releases its inventory numbers after trading closes on the New York Mercantile Exchange on Tuesday.Ed Murphy, general manager of API's downstream operation...

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