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Informist, Thursday, Sept. 11, 2025

MUMBAI - Crude oil inventories in the US, excluding those in strategic petroleum reserves, rose by 3.9 million barrels to 424.6 million barrels in the week ended Friday, the US Energy Information Administration said in its weekly report. Analysts polled by Dow Jones had expected the stocks to fall by 1 million barrels from the previous week. US crude oil inventories were about 3% below the five-year average for this time of the year, the report said.

Petrol inventories rose by 1.5 million barrels from the previous week to 220.0 million barrels in the week ended Friday. Analysts polled by Dow Jones had forecast a fall of 600,000 barrels. Petrol stocks were at the same level as the five-year average for this time of the year, the report said. Distillate fuel stocks rose by 4.7 million barrels to 120.6 million barrels in the week ended Friday against a fall of 400,000 barrels as expected in a poll by Dow Jones. Distillate fuel stocks were around 9% below the five-year average for this time of the year.

According to the report, refinery utilisation rose slightly to 94.9% from 94.3% the previous week. Crude oil production in the US, the largest producer of the commodity, rose 72,000 barrels per day to 13.5 million barrels per day in the week ended Friday.

At 1051 IST, the most-active October contract of West Texas Intermediate crude oil on the New York Mercantile Exchange was 0.4% lower at $63.45 per barrel.

US crude oil imports averaged 6.3 million barrels per day in the week ended Friday, down 471,000 barrels per day from the previous week. Over the past four weeks, crude oil imports have averaged around 6.4 million barrels per day, down 0.5% from the corresponding period last year.

Of the top 10 countries that export crude oil to the US, imports from six fell during the week. Imports from Colombia fell the most, by 274,000 barrels per day, to 46,000 barrels per day. Imports from Saudi Arabia fell by 74,000 barrels per day to 251,000 barrels per day. On the other hand, crude oil imports from Libya rose to 88,000 barrels per day from nil.

For the week ended Friday, crude oil exports by the US fell 1.1 million barrels per day to 2.7 million barrels per day. Strategic petroleum reserves rose by 500,000 barrels to 405.2 million barrels during the week.

Inventories of crude oil at Cushing in Oklahoma, a key delivery point for West Texas Intermediate crude, were at 23.9 million barrels in the week ended Friday, down 400,000 barrels from the previous week. 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.

End

US$1 = INR 88.22

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

Reported by Ashutosh Pati

Edited by Vandana Hingorani

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