Variations in product supplied

03/21/2011
Laura bellStatistics EditorOil & Gas Journal highlights various vital industry statistics each week in the US Industry Scoreboard. Data are gathered primarily from the Energy Information Administration's Weekly Petroleum Status Report (WPSR).Those using the information from the WPSR must understand the week-to-week variations in the data and how that can affect the way markets react to this information. For example, if WPSR releases data that shows a hefty single-week increase in a particular product, one might interpret that there was a large increase in consumption for that product. However, it may not.Readers also should understand that the weekly estimate of petroleum products is ...
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