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federal_register: 03-3480

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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts regulation_id_numbers
03-3480 Policy Statement: Energy Information Administration Policy for Release of the Weekly Petroleum Status Report Notice The comments received represent a cross section of key interested parties that use the Weekly Petroleum Status Report (WPSR). There was strong support and opinions both for leaving the release time as it currently is and for moving the time to coincide with New York Mercantile Exchange (NYMEX) trading hours. Reasonable arguments were made on both sides of the issue. After careful review of the comments, the Energy Information Administration (EIA) has concluded that it is in the overall best interest of WPSR users to change the release time to 10:30 a.m. Eastern Standard Time (EST) on Wednesday. EIA found the arguments for moving the release time compelling enough to shift its current policy. The leading arguments supporting this decision are summarized as follows: (1) It supports fairness, transparency, and market oversight functions by releasing the WPSR at a time when both European and United States markets are open, (2) it is expected to contribute to reduced market volatility by releasing the data when more traders are operating. 2003-02-12 2003 2 https://www.federalregister.gov/documents/2003/02/12/03-3480/policy-statement-energy-information-administration-policy-for-release-of-the-weekly-petroleum-status https://www.govinfo.gov/content/pkg/FR-2003-02-12/pdf/03-3480.pdf Energy Department; Energy Information Administration 136,138 The comments received represent a cross section of key interested parties that use the Weekly Petroleum Status Report (WPSR). There was strong support and opinions both for leaving the release time as it currently is and for moving the time to coincide...  

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