Fri. Nov 15th, 2019

EIA delays release of certain reports, citing data errors in rail movements of crude and energy products

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The Energy Information Administration on Thursday announced that it will delay the release of the Petroleum Supply Monthly data for June 2019 and the Petroleum Supply Annual data for January 2009-December 2018, which had been originally scheduled for release on Friday. “EIA recently discovered errors in data showing rail movements between U.S. regions that is currently published on Petroleum Navigator and EIA’s [Application Programming Interface],” the government agency said. It discovered these errors “occurred during internal processing of revised rail movement data.” It also said that data published at the U.S. total level “are correct because they are unaffected by inter-[Petroleum Administration for Defense Districts] rail movements.” Phil Flynn, senior market analyst at Price Futures Group, said that the EIA has made sizable, unexplained upward adjustments to its crude-oil supply figures since April. While the agency has said rail movements are not affecting overall supply, “this issue on rail is adding more doubt about data,” said Flynn.

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