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Informist, Thursday, Dec. 4, 2025

MUMBAI – US crude oil inventories, excluding those in strategic petroleum reserves, rose by 600,000 barrels to 427.5 million barrels in the week ended Friday, the US Energy Information Administration said in its weekly report. This rise is against the fall of 1.7 million barrels expected by the analysts polled by Dow Jones. The 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 4.5 million barrels from the previous week to 214.4 million barrels in the week ended Friday. Analysts polled by Dow Jones expected no rise in the petroleum inventories. Petrol stocks were around 2% below the five-year average for this time of the year. Distillate fuel stocks rose by 2.1 million barrels to 114.3 million barrels in the week ended Friday, against the 100,000-barrel fall expected by the analysts polled by Dow Jones. 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 94.1% from 92.3%% in the previous week. Crude oil production in the US, the largest producer of the commodity, rose by 1,000 barrels per day to 13.82 million barrels per day in the week ended Friday.

In the week ended Friday, crude oil exports by the US rose by 15,000 barrels per day to 3.61 million barrels per day, the report showed. Strategic petroleum reserves rose by 300,000 barrels to 411.7 million barrels during the week.

US crude oil imports averaged 6.0 million barrels per day in the week ended Friday, up 456,000 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 14.4% lower than the corresponding period last year. 

Of the top 10 countries that export crude oil to the US, imports from six countries fell in the week ended Friday. Imports from Canada fell the most by 513,000 barrels per day to 3.4 million barrels per day. On the other hand, imports from Saudi Arabia rose the most by 199,000 barrels per day to 348,000 barrels per day, the report showed. 

Inventories of crude oil at Cushing, Oklahoma, a key delivery point for West Texas Intermediate crude, fell by 500,000 barrels to 21.3 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 0912 IST, the most-active January contract of crude oil on NYMEX was up 0.4% at $59.21 per barrel. 

End

US$1 = INR 90.36

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

Reported by Udita S. Jaiswal

Edited by Vandana Hingorani

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