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Informist, Thursday, Oct. 23, 2025

MUMBAI – Crude oil inventories in the US, excluding those in strategic petroleum reserves, fell by 1 million barrels to 422.8 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 rise by 1 million barrels from the previous week. 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 2.1 million barrels from the previous week to 216.7 million barrels in the week ended Friday. Analysts polled by Dow Jones had forecast a fall of 600,000 barrels. Petrol stocks were slightly below the five-year average for this time of the year, the report said. Distillate fuel stocks fell by 1.5 million barrels to 115.6 million barrels in the week ended Friday, against a 1.3-million-barrel fall expected in the Dow Jones poll. The distillate fuel stocks were around 7% below the five-year average for this time of the year.

According to the report, refinery utilisation rose to 88.6% from 85.7% the previous week. Crude oil production in the US, the largest producer of the commodity, fell 7,000 barrels per day to 13.63 million barrels per day in the week ended Friday.

At 1603 IST, the most-active December contract of West Texas Intermediate crude oil on the New York Mercantile Exchange was 5.7% higher at $61.81 per barrel.

US crude oil imports averaged 5.9 million barrels per day in the week ended Friday, up 393,000 barrels per day from the previous week. Over the past four weeks, US crude oil imports have averaged 5.9 million barrels a day, around 5% lower than the corresponding period last year.

Of the top 10 countries that export crude oil to the US, imports from seven rose during the week. Imports from Venezuela rose the most, by 254,000 barrels per day to 302,000 barrels per day. Imports from Iraq rose by 214,000 barrels per day to 255,000 barrels per day. On other hand, crude oil imports from Canada fell the most by 198,000 barrels per day to 3.57 million barrels per day.

For the week ended Friday, crude oil exports by the US fell 263,000 barrels per day to 4.2 million barrels per day. Strategic petroleum reserves rose by 800,000 barrels to 408.6 million barrels during the week.

Inventories of crude oil at Cushing in Oklahoma, a key delivery point for West Texas Intermediate crude, fell by 800,000 barrels to 21.2 million barrels in the week ended Friday. 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 87.84

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

Reported by Ashutosh Pati

Edited by Akul Nishant Akhoury

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