United States IEA Oil Market Report

Info

History

Chart

Impact:

Low

Next Release:

Forecast:

Period: Jan 2017

What Does It Measure?

The IEA Oil Market Report measures global and national oil supply, demand, and price trends, providing a comprehensive overview of the oil market's dynamics. It focuses on key areas such as production levels, consumption patterns, inventory changes, and pricing forecasts, offering insights into both regional and global oil market conditions.

Frequency

The IEA Oil Market Report is released monthly, typically on the second working day of the month, and it includes both preliminary and final figures that reflect updated estimates of oil market variables.

Why Do Traders Care?

Traders pay close attention to the IEA Oil Market Report as it significantly influences global oil prices, impacting currencies like the USD and oil-related stocks. The report's insights help in forecasting future price movements, making it a crucial tool for decision-making in energy markets and related financial assets.

What Is It Derived From?

The report is derived from a combination of global oil supply and demand data, using information collected from member countries, industry reports, and statistical agencies. It often includes survey data from oil companies and national energy departments, along with assessment techniques like trend analysis and comparative statistics.

Description

Preliminary reports reflect early estimates and are subject to revisions, typically leading to initial market reactions that may adjust as final data are released. The final report provides a more definitive picture of market conditions and may cause further reassessments as traders and analysts update their expectations based on the new information.

Additional Notes

The IEA Oil Market Report serves as a leading indicator of oil market trends, offering insights that correlate with other economic indicators such as GDP and inflation. Its global scope enables comparisons with similar reports from other organizations, highlighting its importance in assessing broader economic impacts across regions.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for USD, bullish for oil-related stocks. Lower than expected: Bearish for USD, bearish for oil-related stocks. A hawkish tone: Signaling higher oil prices lead to inflation concerns, which is usually good for the USD but bad for stocks due to increased energy costs impacting profit margins.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise