MassiveIndustry

(Wed, 31 Aug 2016) Today's publication on August 31, 2016 of the Weekly Petroleum Status Report (WPSR) is now estimating weekly exports using near-real-time data provided by U.S. Customs and Border Protection (CBP). While EIA collects data on inventories, refinery and terminal operations, and imports, EIA does not collect any export data. To estimate weekly exports, EIA had previously relied on models using official monthly export data published by the U.S. Census Bureau (USCB) roughly six weeks following the end of each reporting month. Our new methodology using near-real-time CBP data provides a more accurate estimate of U.S. crude oil, petroleum products, and biofuels exports to better inform EIA's weekly estimates of domestic petroleum products supplied, a proxy for domestic consumption. For more information on this new methodology, please see Appendix D in the WPSR Explanatory Notes.