More Stories

Informist, Thursday, Nov. 27, 2025

MUMBAI – US crude oil inventories, excluding those in strategic petroleum reserves, rose by 2.8 million barrels to 426.9 million barrels in the week ended Friday, the US Energy Information Administration said in its weekly report. Analysts at Dow Jones had expected the stocks to fall by 1.3 million barrels from the previous week. The US crude oil inventories were about 4% below the five-year average for this time of the year, the report said. 

Petrol inventories rose by 2.5 million barrels from the previous week to 209.9 million barrels in the week ended Friday. This is less than the 500,000 barrel rise expected by analysts polled by Dow Jones. Petrol stocks were around 3% below the five-year average for this time of the year. Distillate fuel stocks rose by 1.1 million barrels to 112.2 million barrels in the week ended Friday, more than the 200,000 barrel rise expected by the Dow Jones poll. The distillate fuel stocks were around 5% below the five-year average for this time of the year.

According to the report, refinery utilisation rose to 92.3% from 90% in the previous week. Crude oil production in the US, the largest producer of the commodity, fell by 20,000 barrels per day to 13.81 million barrels per day in the week ended Friday.

In the week ended Friday, crude oil exports by the US fell by 560,000 barrels per day to 3.60 million barrels per day, the report showed. Strategic petroleum reserves rose by 500,000 barrels to 411.4 million barrels during the week.

US crude oil imports averaged 6.4 million barrels per day in the week ended Friday, up 486,000 barrels per day from the previous week. Over the past four weeks, US crude oil imports averaged around 5.9 million barrels per day, over 11% lower than the corresponding period last year.  

Of the top 10 countries that export crude oil to the US, imports from five countries rose during the week. Imports from Iraq rose the most by 285,000 barrels per day to 378,000 barrels per day. Imports from Colombia fell the most by 192,000 barrels per day to 184,000 barrels per day, the report showed. 

Inventories of crude oil at Cushing, Oklahoma, a key delivery point for West Texas Intermediate crude, fell by 100,000 barrels to 21.8 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 1014 IST, the most active January contract of West Texas Intermediate crude oil on the New York Mercantile Exchange was down 0.5% at $58.33 per barrel. 

End 

US$1 = INR 89.24

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.