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Informist, Friday, Nov. 14, 2025

 

MUMBAI – US crude oil inventories, excluding those in strategic petroleum reserves, rose by 6.4 million barrels to 427.6 million barrels in the week ended Nov. 7, the US Energy Information Administration said in its weekly report. Analysts at Dow Jones had expected the stocks to rise by 400,000 barrels from the previous week. The US crude oil inventories were about 4% below the five-year average for this time of the year, the report said.

 

Petrol inventories fell by 900,000 barrels from the previous week to 205.1 million barrels in the week ended Nov. 7. This fall is less than the 2.0-million-barrel fall expected by analysts polled by Dow Jones. Petrol stocks were around 4?low the five-year average for this time of the year. Distillate fuel stocks fell 600,000 barrels to 110.9 million barrels in the week ended Nov. 7, against a 1.5-million-barrel fall expected by 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 fell to 89.4% from 86.0% in the previous week. Crude oil production in the US, the largest producer of the commodity, rose 211,000 barrels per day to 13.86 million barrels per day in the week ended Nov. 7. 

 

In the week ended Nov. 7, crude oil exports by the US fell by 1.6 million barrels per day to 2.8 million barrels per day, the report showed. Strategic petroleum reserves rose 800,000 barrels to 410.4 million barrels during the week.

 

US crude oil imports averaged 5.2 million barrels per day in the week ended Nov. 7, down 703,000 barrels per day from the previous week. Over the past four weeks, US crude oil imports averaged around 5.5 million barrels per day, more than 12% lower than the corresponding period last year.

 

Of the top 10 countries that export crude oil to the US, imports from seven countries fell during the week. Imports from Colombia fell the most, by 206,000 barrels per day to nil in the week ended Friday. Imports from Brazil also fell by 200,000 barrels per day to nil. On the other hand, imports from Canada rose the most by 115,000 barrels per day to 3.6 million barrels per day, according to the report.

 

Inventories of crude oil at Cushing, Oklahoma, a key delivery point for West Texas Intermediate crude, fell by 300,000 barrels to 22.5 million barrels in the week ended Nov. 7. 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 1326 IST, the most-active December contract of West Texas Intermediate crude oil on the New York Mercantile Exchange was up over 1% at $59.63 per barrel.

 

	Inventory (mln barrels)	Weekly change (%)
Crude oil	427.6	1.5
Petrol	205.1	(-)0.5
Kerosene-type jet fuel	42.8	2.7
Distillate fuel oil	110.9	(-)0.6
Propane/propylene	105.4	(-)0.7
Unfinished oils	86.0	(-)0.7
Other oils	334.8	(-)1.0

 

End

 

US$1 = INR 88.72

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

 

Reported by Udita S. Jaiswal

Edited by Ashish Shirke

 

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