What does WPD mean in US GOVERNMENT
WPD stands for Weekly Petroleum Data and is a set of weekly reports related to the petroleum industry released by the United States Department of Energy. The data covers oil stocks, imports, production, exports, prices and more in different regional markets. The information is used to monitor the overall health of the US energy sector, as well as track trends that can potentially impact the global market. The WPD helps to inform both public and private sector decisions regarding energy policy and investment strategies.
WPD meaning in US Government in Governmental
WPD mostly used in an acronym US Government in Category Governmental that means Weekly Petroleum Data
Shorthand: WPD,
Full Form: Weekly Petroleum Data
For more information of "Weekly Petroleum Data", see the section below.
What Does WPD Mean?
WPD stands for Weekly Petroleum Data as established by the US Department of Energy’s Energy Information Administration (EIA). It consists of weekly summaries on petroleum-related topics such as oil stocks, inventories, imports/exports, production levels, prices & more. These reports are made available to the public via EIA’s website and are widely used within government agencies and private companies alike. The data contained in these reports is highly useful in accurately judging current energy market conditions and developing reliable predictions about movements within it. As such, it provides key insights into emerging trends or changes in demand that could have an affect on investments or related policies – either nationally or internationally.
Essential Questions and Answers on Weekly Petroleum Data in "GOVERNMENTAL»USGOV"
What is Weekly Petroleum Data?
Weekly Petroleum Data (WPD) is an energy information program conducted by the US Energy Information Administration (EIA). It provides current and historical statistics on the production, distribution, and consumption of petroleum and related products. It features weekly and monthly reports on crude oil, liquified petroleum gases, motor gasoline, jet fuel, residual fuel oil, distillate fuel oil, propane butane gas sales, stocks inventory levels of finished motor gasoline, and exports/imports of crude oil and petroleum products.
How do I access the Weekly Petroleum Data?
The WPD is available online at eia.gov or via EIA's Application Programming Interface (API). You can also access it through energy software applications such as Argus Media or OPIS. You may also request a copy in paper format from the EIA by calling toll-free 1-877-363-3242.
What are the sources for the data in WPD?
The WPD is derived from several different sources including surveys of domestic producers and refiners, survey results from independent market research firms that specialize in tracking product movements between producing states and consuming regions across the United States along with public sources such as state government agencies.
Does the WPD provide pricing information?
No. The EIA does not collect prices for petroleum products within either its short term or long term projections projection models. However pricing information can be found within other programs such as Platts or Argus Media who publish daily reports which include retail pricing data for each U.S. region along with spot market pricing data for some major international markets
Are there any other related data sets available through EIA?
Yes besides the WPD there are several other related data sets available through EIA including International Energy Statistics which track a variety of fuels consumed globally; State Energy Data System which provides detailed consumption estimates for each state; Annual Energy Outlook which projects future energy demands out to 2040; World Oil Transit Chokepoints which utilizes satellite imagery to document potential chokepoints in global oil transit routes; Monthly Energy Review which summarizes annual energy statistics; Vehicle Inventory & Use Survey which measures vehicle travel trends across urban areas; Drilling Productivity Report which tracks production activity for seven major shale plays across U.S.; Natural Gas Monthly report contains monthly natural gas market summaries along with over 50 tables of working storage volumes plus many more!
How often are updates provided to WPD?
The EIA typically issues updates to WPD every Tuesday morning at 10 am Eastern Standard Time (EST) featuring new data points from the preceding week(s). Following publication additional supplemental datasets are released periodically throughout each month that update data points from previous months.
How far back does the historical data included within WPD go?
The history for most time series goes back to 1993 while a few datasets date back as early as 1991.
Final Words:
In conclusion, WPD stands for Weekly Petroleum Data released by the US Department of Energy's Energy Information Administration (EIA) which provides detailed updates regarding domestic oil stocks, inventories, imports/exports, production levels & more. These reports are essential for monitoring economic conditions related to energy as well as predicting potential changes that may have an impact on government policies or business investments worldwide.
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