Changing quality mix is affecting crude oil price differentials and refining decisions - U.S. Energy Information Administration (EIA)

After 56 past neutral report events, Crude Oil (WTI) moved a median +0.0% over 5 sessions (50% higher; middle half -2.7% to +2.5%), and +0.8% over 20.

• Jan 7, 2020Crude oil prices were generally lower in 2019 than in 2018 - U.S. Energy Information Administration (EIA)-8.1%
• May 27, 2020North American crude oil prices are closely, but not perfectly, connected - U.S. Energy Information Administration (EIA)+6.6%
• Feb 1, 2024EIA expects relatively flat crude oil prices in 2024 and 2025-2.6%
• Feb 1, 2024EIA: U.S. crude stockpiles rise, products draw on low refining rates-2.6%
• Jun 21, 2022US refining capacity falls to lowest mark in 8 years amid record prices: EIA+1.1%

After 41 past neutral report events, Crude Oil (Brent) moved a median -1.4% over 5 sessions (41% higher; middle half -4.0% to +1.9%), and +1.8% over 20.

• Jan 7, 2020Crude oil prices were generally lower in 2019 than in 2018 - U.S. Energy Information Administration (EIA)-7.8%
• Jan 31, 2020Risk of oil supply disruptions can have an immediate effect on oil prices - U.S. Energy Information Administration (EIA)-5.1%
• Mar 10, 2017Another type of crude oil to be included in calculation of the Brent price benchmark - U.S. Energy Information Administration (EIA)-0.5%
• Feb 1, 2024EIA expects relatively flat crude oil prices in 2024 and 2025-2.6%
• Feb 1, 2019EIA forecasts world crude oil prices to rise gradually, averaging $65 per barrel in 2020-1.4%