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Informist, Thursday, Sept. 18, 2025

 

MUMBAI – Crude oil inventories in the US, excluding those in the country's strategic petroleum reserves, fell by 9.3 million barrels from the previous week to 415.4 million barrels in the week ended Friday, the US Energy Information Administration said in its weekly report. Analysts polled by Dow Jones did not see any change in crude oil stocks in the week ended Friday. US crude oil inventories were about 5?low the five-year average for this time of the year, the report said. 

 

Petroleum inventories fell by 2.3 million barrels from the previous week to 217.7 million barrels in the week ended Friday. Petroleum stocks were about 1?low the five-year average for this time of the year. Analysts polled by Dow Jones did not see any change in petroleum inventories in the week ended Friday. Distillate fuel inventories rose by 4 million barrels to 124.7 million barrels in the week ended Friday. This rise is more than the 500,000 barrels expected by analysts in Dow Jones polls. The distillate fuel inventories were about 8?low the five-year average for this time of year, the report said.

 

Refinery utilisation fell slightly to 93.3% from 94.9% the previous week. Crude oil production in the US, the largest producer of the commodity, fell 13,000 barrels per day to 13.48 million barrels per day in the week ended Friday.

 

US crude oil imports averaged 5.7 million barrels per day, down 579,000 barrels per day from the previous week. Over the past four weeks, crude oil imports have averaged around 6.2 million barrels per day, down 2.4% from the corresponding period last year. 

 

Imports from five of the top 10 countries that export crude oil to the US rose during the week. Imports from Colombia rose the highest, by 166,000 barrels to 212,000 barrels per day. Imports from Mexico rose by 132,000 barrels per day to 493,000 barrels per day. On the other hand, imports from Canada fell the most by 615,000 barrels per day to 3.3 million barrels per day.

 

Crude oil exports by the US rose 2.5 million barrels per day to 5.3 million barrels per day in the week ended Friday. The strategic petroleum reserves rose by 500,000 barrels to 405.7 million barrels for the reporting week.

 

Inventories of crude oil at Cushing in Oklahoma, a key delivery point for West Texas Intermediate crude, fell 300,000 barrels to 23.6 million barrels in the week ended Friday. Cushing is the designated delivery point for NYMEX crude oil futures contracts. Market participants closely monitor stockpiles at Cushing, as it has a storage capacity of about 90 million barrels.

 

At 1058 IST, the most-active November contract of crude oil on NYMEX was down 0.4% at $63.39 per barrel. 

	Inventory (mln barrels)	Weekly change (%)
Crude oil	415.4	(-)2.2
Petrol	217.6	(-)1.1
Kerosene-type jet fuel	43.9	1.5
Distillate fuel oil	124.7	3.4
Propane/propylene	98.9	1.3
Unfinished oils	83.2	2.2
Other oils	338.5	2.3

End

 

US$1 = INR 88.07

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Udita S. Jaiswal

Edited by Subhojit Sarkar

 

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