The US Department of Energy publishes a weekly report on the oil industry within its borders. Companies operating within the United States have an obligation to provide regular data for the purpose of compiling that report.
It is published on wednesdays and the data is accurate as of the preceding friday. Its accuracy and frequency therefore make it a major source of information for the oil industry in general and oil traders in particular.
Magma Oil publishes a weekly commentary expressing our views on the report and providing readers with our outlook on the market.