Otmane El Rhazi : Crude oil adjustment balances independently developed supply and disposition components

Otmane El Rhazi from Today in Energy.

The crude oil adjustment is perhaps the most frequently misunderstood component of the U.S. crude oil balance published in EIA's Weekly Petroleum Status Report. This adjustment reflects the combined uncertainty around each of the crude oil data elements that EIA uses to assess the balance between U.S. crude oil supply and its disposition.