US crude oil stocks down 8.3 mln bbl in wk ended Fri, exports fall - EIA
This story was originally published at 08:28 IST on 18 June 2026
Register to read our real-time news.Informist, Thursday, Jun. 18, 2026
MUMBAI – US crude oil inventories, excluding those in the strategic petroleum reserves, fell by 8.3 million barrels to 418.2 million barrels in the week ended Friday, the US Energy Information Administration said in its weekly report. US crude oil inventories were about 6% below the five-year average for this time of year, according to the report.
Petrol inventories fell by 900,000 barrels to 214.2 million barrels in the week ended Friday. Distillate fuel stocks rose 1 million barrels to 103.1 million barrels. Distillate fuel stocks were around 13% below the five-year average for this time of the year.
Refinery utilisation rose to 96.7% from 95.3% the previous week, the report showed. Crude oil production in the US, the largest producer of the commodity, rose by 7,000 barrels per day to 13.81 million barrels per day in the week ended Friday.
US crude oil exports fell 513,000 barrels per day to 4.33 million barrels per day, the report showed. Strategic petroleum reserves were at 340.3 million barrels, down 8.9 million barrels from the previous week. US crude oil imports averaged nearly 5.13 million barrels per day during the week, down 754,000 barrels per day from the previous week, according to the report. Over the past four weeks, US crude oil imports averaged around 5.7 million barrels per day, 7.2% less than the corresponding period last year.
Of the top 10 countries that export crude oil to the US, imports from five countries fell in the week ended Friday. Imports from Canada fell the most, by 268,000 barrels per day to 3.72 million barrels per day. On the other hand, imports from Ecuador rose the most, by 129,000 barrels per day to 169,000 barrels per day, according to the report.
Inventories of crude oil at Cushing, Oklahoma, a key delivery point for West Texas Intermediate crude, fell 1.6 million barrels to 20.0 million barrels in the week ended Friday. Cushing is the designated delivery point for NYMEX crude oil futures. Market participants closely monitor stockpiles in Cushing, which has a storage capacity of about 90 million barrels.
At 0821 IST, the most-active August contract of crude oil on the NYMEX was down 1.4% at $74.96 per barrel.
Inventory (mln barrels) | Weekly change (%) | |
Crude oil | 418.2 | (-)1.9 |
Petrol | 214.2 | (-)0.4 |
Kerosene-type jet fuel | 45.0 | (-)2.4 |
Distillate fuel oil | 103.1 | 0.9 |
Propane/propylene | 87.4 | 3.5 |
Unfinished oils | 75.3 | (-)1.8 |
Other oils | 288.1 | (-)0.4 |
End
US$1 = INR 94.53
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Reshma Ravi
Edited by Avishek Dutta
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
