More Stories

Informist, Thursday, Nov. 6, 2025

MUMBAI – Crude oil inventories in the US, excluding those in strategic petroleum reserves, rose by 5.2 million barrels to 421.2 million barrels in the week ended Friday, the US Energy Information Administration said in its weekly report. Analysts at Dow Jones had expected stocks to fall by 100,000 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 4.7 million barrels from the previous week to 206 million barrels in the week ended Friday. This fall is more than the 1.3 million barrel fall expected by analysts polled by Dow Jones. Petrol stocks were 5% below the five-year average for this time of the year. Distillate fuel stocks fell 600,000 barrels to 111.5 million barrels in the week ended Friday, against a 1.6 million barrel fall expected in the Dow Jones poll. The distillate fuel stocks were around 9% below the five-year average for this time of the year. 

According to the report, refinery utilisation fell to 86% from 88.6% in the previous week. Crude oil production in the US, the largest producer of the commodity, rose 7,000 barrels per day to 13.65 million barrels per day in the week ended Friday.

For the week ended Friday, crude oil exports by the US remained unchanged at 4.4 million barrels per day, the report showed. Strategic petroleum reserves rose 5.2 million barrels to 409.6 million barrels during the week. 

US crude oil imports averaged 5.9 million barrels per day in the week ended Friday, down 873,000 barrels per day from the previous week. Over the past four weeks, US crude oil imports averaged around 5.6 million barrels per day, over 7% lower than the corresponding period last year. 

Of the top 10 countries that export crude oil to the US, imports from three countries fell during the week. Imports from Canada fell the most, by 138,000 barrels per day to 3.4 barrels in the week ended Friday. On the other hand, imports from Saudi Arabia rose the most by 146,000 barrels to 403,000 barrels per day, the report said. 

Inventories of crude oil at Cushing, Oklahoma, a key delivery point for West Texas Intermediate crude, rose by 300,000 barrels to 22.9 million barrels in the week ended Friday. 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 1234 IST, the most active December contract of West Texas Intermediate crude oil on the New York Mercantile Exchange was up nearly 0.4% at $59.82 per barrel.  

End

US$1 = INR 88.62

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

Reported by Udita S. Jaiswal

Edited by Deepshikha Bhardwaj

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. 2025. All rights reserved.