EIA says US crude oil stocks up 3.5 mln bbl in week ended Oct 10; exports up
This story was originally published at 14:00 IST on 17 October 2025
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MUMBAI – Crude oil inventories in the US, excluding those in strategic petroleum reserves, rose by 3.5 million barrels to 423.8 million barrels in the week ended Oct. 10, the US Energy Information Administration said in its weekly report. This rise is against the 1.1 million barrel fall expected by analysts polled by Dow Jones. US crude oil inventories were about 4% below the five-year average for this time of the year, the report said.
Petrol inventories fell 300,000 barrels from the previous week to 218.8 million barrels in the week ended Oct. 10. This fall is less than the 600,000 barrel fall expected by analysts polled by Dow Jones. Petrol stocks were slightly below the five-year average for this time of the year. Distillate fuel stocks fell 4.5 million barrels to 117.0 million barrels in the week ended Oct. 10, while analysts polled by Dow Jones expected a fall of 1.2 million barrels. The distillate fuel stocks were around 7% below the five-year average for this time of the year.
Refinery utilisation fell to 85.7% from 92.4% in the previous week. Crude oil production in the US, the largest producer of the commodity, rose 7,000 barrels per day to 13.64 million barrels per day in the week ended Oct. 10, according to the report.
Crude oil exports by the US rose 876,000 barrels per day to 4.47 million barrels per day from 3.59 million barrels in the previous week, the report showed. Strategic petroleum reserves rose 800,000 barrels to 407.7 million barrels.
US crude oil imports averaged 5.5 million barrels per day in the week ended Oct. 10, down 878,000 barrels per day from the previous week. Over the past four weeks, US crude oil imports averaged around 6.1 million barrels per day, over 2% lower than the corresponding period last year.
Of the top 10 countries that export crude oil to the US, imports from the seven countries fell during the week. Imports from Nigeria fell the most, by 219,000 barrels per day to nil in the week ended Oct. 10. On the other hand, imports from Canada rose the most by 168,000 barrels to 3.77 million barrels per day, the report said.
Inventories of crude oil at Cushing, Oklahoma, a key delivery point for West Texas Intermediate crude, fell by 700,000 barrels to 22.0 barrels in the week ended Oct. 10. 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 1319 IST, the most active December contract of crude oil on NYMEX was down 0.7% at $56.57 per barrel.
Inventory (mln barrels) | Weekly change (%)
| |
Crude oil | 423.8 | 0.8 |
Petrol | 218.8 | (-)0.1 |
Kerosene-type jet fuel | 44.4 | 0.3 |
Distillate fuel oil | 117.0 | (-)3.7 |
Propane/propylene | 102.4 | 1.9 |
Unfinished oils | 83.4 | (-)0.1 |
Other oils | 338.3 | 0.2 |
End
US$1 = INR 87.95
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Udita S. Jaiswal
Edited by Deepshikha Bhardwaj
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