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U.S. Weekly Oil Report to be Delayed Again by “Hardware Failure”

Commodities Jun 27, 2022 11:48AM ET
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© Reuters.

By Barani Krishnan

Investing.com --  The weekly U.S. oil inventory report that’s closely followed by global energy markets will be delayed for a second straight week by hardware failure in the Energy Information Administration’s processing systems, the agency said on Monday.

The EIA said it discovered on June 17 a voltage irregularity that led to hardware failures on two of its main processing servers, delaying the report due on June 22. 

“Unfortunately, it continues to affect our ability to release data this week,” the agency said in a statement, referring to the release slated for June 29.

The EIA said it has replaced the affected hardware and was in the process of transferring data from its back-up systems to new servers. 

“Once the data transfer is complete, we will perform quality checks to ensure data integrity before releasing any reports and associated data,” the agency said.

“We will continue to provide timely updates as we bring our systems back online and will share a schedule for our product releases as soon as possible,” the EIA added. “Because we have been able to collect data throughout the outage and subsequent restoration, we will release the data that was scheduled for publication last week.”

U.S. Weekly Oil Report to be Delayed Again by “Hardware Failure”
 

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Comments (13)
FOX MAN
Foxman Jun 28, 2022 7:47AM ET
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In other words : “Give is more time to cook the books”
Andrew Ulferts
Andrew Ulferts Jun 28, 2022 7:47AM ET
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Exactly. Elections. Oil reports.
Andrew Ulferts
Andrew Ulferts Jun 28, 2022 12:44AM ET
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We never get the whole report on here anyway. I request a real summary every week on the EIA data- which in fact includes the following: commercial stock change, cushing stock change, SPR change (very important right now,) import/ export numbers. It’s all on the EIA website. Why not do a full report Barani? Because that paints a bullish picture every single week, because this is a commodity super cycle? Would the boss approve of such bullish news? Always have to put a spin on things, whether it’s wording or leaving off key data. This is why we call it fake news, the enemy of the people.
nick cage
nick cage Jun 27, 2022 5:36PM ET
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The US is starting to look like a corrupt country
Andrew Ulferts
Andrew Ulferts Jun 27, 2022 5:36PM ET
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The US started acting like a corrupt country years ago. Don’t worry, red wave incoming. Morality will be cool again.
Steffen vdm
Steffen vdm Jun 27, 2022 3:06PM ET
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Maybe this hardware failure is causing the inflation to rise as well.
Robert Murphy
Robert Murphy Jun 27, 2022 2:32PM ET
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Lol. Okay
Vincent Walker
Vincent Walker Jun 27, 2022 2:25PM ET
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My, how convenient. We won't see anything until after Independence Day.
Ronald Warren
Ronald Warren Jun 27, 2022 1:46PM ET
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GDP data being released Wednesday morning. Maybe they're trying to mitigate losses.
Kelly Mayer
Kelly Mayer Jun 27, 2022 1:09PM ET
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Yeah. It's THAT bad. Massive historic slump in inventories. Oil 130+ soon.
Kelly Mayer
Kelly Mayer Jun 27, 2022 1:09PM ET
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And i should not have to mention that they have 1 hundred ways of getting the report out to the public. It's just that they dont want to.
tim banks
tim banks Jun 27, 2022 1:09PM ET
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governments always slow. that's just how it is.
Me comment
Me comment Jun 27, 2022 1:09PM ET
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Delay again cause they'll be another big oil inventory gain which will show again oil prices are artificially being held high as are gasoline and deisel fuel price.
Saint True
Saint True Jun 27, 2022 12:54PM ET
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Seems like oil will crash helping to gain as much as big sharks can
 
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