6 Oil Resources For Staying On Top Of What's Moving Energy Markets

Ellen R. Wald, Ph.D | Oct 26, 2021 05:02AM ET

For over six years now, my weekly EIA website offers some of the best and wide-ranging accumulation of data. The website is updated regularly with new information.

As well, the experts at the Department of Energy are constantly developing new tools to track energy information in the U.S. Keep in mind that much of this data is U.S.-focused, but it also offers some global data.

Also, the EIA website covers all forms of energy, not just oil. One tip: the data is sometimes old, so make sure to check the date on the page to ensure you are getting the most current information.

Some helpful tools on the site include:

Weekly Petroleum Status Report – updated weekly
Short-Term Energy Outlook – updated monthly
Weekly U.S. Field Production of Crude Oil – updated weekly
Drilling Productivity Report – updated monthly
WTI Spot Price History – updated daily (data can be broken down daily, weekly, monthly and annually)

h2 2. Organization Of Petroleum Exporting Countries (OPEC)/h2

The OPEC website provides a variety of data and forecasts prepared by OPEC, which is based in Vienna.

Here are some useful resources to be found on the website:

OPEC’s Annual Statistical Bulletin
Monthly Oil Market Report
World Oil Outlook
Live webcast of OPEC events
OPEC and non-OPEC Ministerial Meeting press releases and production tables

h2 3. International Energy Agency /h2

The IEA recently changed its website, and unfortunately it's now very difficult to navigate. It can be challenging to find the data you may be seeking.

The best option might be to do a web search and include the term “IEA” as a key word. The IEA covers all energy, not just oil.

h2 4. S&P Platts/h2

Platts is a for-profit journalistic corporation. It publishes vital data for free on a regular basis, but you can also purchase additional data and analyses from them.

Monthly, Platts offers a survey of OPEC and OPEC+ production.

h2 5. American Petroleum Institute /h2

API is an industry trade group. I find the most useful free data from API to be the monthly statistical report from API’s chief economist, Dr. R. Dean Foreman. It can be found here .

The API also provides a useful @newsinvesting

@EnergzdEconomy (me)

@TankerTrackers (This is a company that offers data on tanker movements and production and exports for a fee. It sometimes provides free information on Twitter.

@HermsTheWord (Herman Wang is a managing editor at Platts. He often updates with OPEC production data)

@ChiGrl (Tracy is a well-known commodities trader with a large social media following and keen insights)

@cm_energyintel (Casey Merriman is an editorial director at Energy Intelligence, a private journalistic enterprise with a long history. Look to her for great updates and insights into oil companies and equities, including earnings calls)

@anasalhajji (Dr. Anas Alhajii is an economist with decades of experience in the energy industry. Many of his insights are also available in Arabic but can be translated via Twitter’s tools)

@EnergyLawProf (James Coleman is a law professor focused on US and Canadian energy law and policy)

@GasBuddyGuy (Patrick DeHaan is the head of petroleum analysis at Gas Buddy, a private company. He provides insightful analysis, particularly on U.S. gasoline demand, gleaned from their proprietary data)

@aeberman12 (Art Berman is a geologist with experience in the oil industry who often provides a different perspective, backed by data)

@Rory_Johnston (Rory Johnston is a former bank economist who currently writes on commodities)

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Written By: Ellen R. Wald, Ph.D

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