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Informist, Thursday, Oct. 30, 2025

 

MUMBAI – Crude oil inventories in the US, excluding those in strategic petroleum reserves, fell by 6.9 million barrels to 416 million barrels in the week ended Friday, the US Energy Information Administration said in its weekly report. Analysts at Dow Jones had expected stocks to fall by 200,000 barrels from the previous week. US crude oil inventories were about 6% below the five-year average for this time of the year, the report said.

 

Petrol inventories fell 5.9 million barrels from the previous week to 210.7 million barrels in the week ended Friday. This fall is more than the 1.8-million-barrel fall expected by analysts polled by Dow Jones. Petrol stocks were 3?low the five-year average for this time of the year. Distillate fuel stocks fell 3.4 million barrels to 112.2 million barrels in the week ended Friday, against a 1.5-million-barrel fall expected in the Dow Jones poll. The distillate fuel stocks were around 8% below the five-year average for this time of the year.

 

According to the report, refinery utilisation remained unchanged at 88.6% from the previous week. Crude oil production in the US, the largest producer of the commodity, rose 15,000 barrels per day to 13.64 million barrels per day in the week ended Friday.

 

For the week ended Friday, crude oil exports by the US rose 158,000 barrels per day to 4.4 million barrels per day, the report showed. Strategic petroleum reserves rose 500,000 barrels to 409.1 million barrels during the week.

 

US crude oil imports averaged 5.1 million barrels per day in the week ended Friday, down 867,000 barrels per day from the previous week. Over the past four weeks, US crude oil imports averaged around 5.7 million barrels per day, over 5% lower than the corresponding period last year.

 

Of the top 10 countries that export crude oil to the US, imports from five countries fell during the week. Imports from Venezuela fell the most, by 181,000 barrels per day to 121,000 barrels in the week ended Oct. 24. On the other hand, imports from Colombia rose the most by 47,000 barrels to 72,000 barrels per day, the report said.

 

Inventories of crude oil at Cushing, Oklahoma, a key delivery point for West Texas Intermediate crude, rose by 1.3 million barrels to 22.6 million barrels in the week ended Friday. Cushing is the designated delivery point for NYMEX crude oil futures. Market participants closely monitor stockpiles at Cushing, as it has a storage capacity of about 90 million barrels.

 

At 1234 IST, the most-active December contract of West Texas Intermediate crude oil on the New York Mercantile Exchange was down nearly 1% at $60.06 per barrel.

 

	Inventory (mln barrels)	Weekly change (%)
Crude oil	416.0	(-)1.6
Petrol	210.7	(-)2.7
Kerosene-type jet fuel	41.4	(-)3.5
Distillate fuel oil	112.2	(-)2.9
Propane/propylene	105.7	2.4
Unfinished oils	85.5	1.6
Other oils	338.6	(-)0.3

 

End

 

US$1 = INR 88.62

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

 

Reported by Udita S. Jaiswal

Edited by Nishant Maher

 

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