The EIA Vows To Improve The Accuracy Of Its Oil Data ...Middle East

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The EIA Vows To Improve The Accuracy Of Its Oil Data
source : OILPRICE ( Middle East ) () 55
The EIA has baffled the market and analysts with high adjustments in its weekly and monthly U.S. oil data in recent years.  The so-called adjustment in weekly and monthly crude oil data, or “Unaccounted For Crude Oil” as it was previously referred to, has been used to balance the difference between oil supply entering the market and oil disposition, or oil leaving the market.  In the latest weekly petroleum status report, the data from the Energy Information Administration showed last week that the adjustment – the balancing…

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