The US Energy Information Administration (EIA) gave the highlight in its latest weekly petroleum status report released on November 4 and included data for the week ending October 30. Commercial crude oil stocks, not including the SPR, came in at 409.760 million barrels on October 30, 410.625 million barrels on October 23, and 421.168 million barrels on October 31, 2025, the report revealed. Crude oil stocks dropped by 0.2 percent week on week and by 2.7 percent year on year, the report outlined. Crude oil in the SPR stood at 282.2 million barrels on October 30, 282.6 million barrels on October 23, and 409.6 million barrels on October 31, 2025, the report revealed. The October 30 figure represented a decrease of 0.4 million barrels, or 0.1 percent, week on week and a decrease of 127.4 million barrels, or 31.1 percent, year on year, the report highlighted.
Total petroleum stocks – including crude oil, total motor gasoline, fuel ethanol, kerosene type jet fuel, distillate fuel oil, residual fuel oil, propane/ propylene, and other oils – stood at 1.486 billion barrels on October 30, the report showed. Total petroleum stocks were down 8.6 million barrels week on week and down 192.4 million barrels year on year, the report revealed. Commercial crude oil stocks, not including the SPR, came in at 409.760 million barrels on October 30, the EIA’s latest weekly petroleum status report showed. Image by Katlyn Design via iStock “Commercial crude oil inventories (excluding the Strategic Petroleum Reserve) decreased 0.9 million barrels to 409.8 million barrels, four percent below the five-year average,” the EIA said in its latest weekly petroleum status report.
“Gasoline inventories decreased 0.2 million barrels, two percent below the five-year average. Distillate inventories decreased 3.6 million barrels, 13 percent below the five-year average. “ P r o p a n e / p r o p y l e n e inventories decreased 1.6 million barrels, 10 percent above the five-year average,” it added. For the week ending October 30, US refineries processed 16.7 million barrels per day, “up 199,000 barrels per day from the previous week, at 94.5 percent capacity utilisation,” the EIA highlighted in its report. “Gasoline output averaged 9.7 million barrels per day, and distillate production decreased to 5.2 million barrels per day,” it said. Crude oil imports decreased 1,000 barrels per day to 6.4 million barrels per day, according to the report, which highlighted that the four-week average of 6.1 million barrels per day is 9.5 percent above the year-ago level.
“Gasoline imports averaged 351,000 barrels per day; distillate imports averaged 117,000 barrels per day,” the EIA said. Over the past four weeks, total product supplied averaged 21.2 million barrels per day, the EIA revealed in its report, pointing out that this marked a 4.2 percent year over year increase. “The four-week average for gasoline product supplied decreased 0.4 percent year over year to 8.6 million barrels per day, while the four-week average for distillate product supplied increased 8.7 percent to 4.2 million barrels per day. “The four-week average for jet fuel product supplied decreased 2.8 percent year over year,” the EIA said. In a statement posted on his X page on Thursday analysing the EIA’s latest weekly petroleum status report, Saxo Bank Commodity Strategy head, Ole Hansen pointed out that US crude oil and fuel inventories “all declined last week, with modest draws in crude and gasoline overshadowed by a 3.6 million barrel drop in distillate stocks, pushing the total below 100 million barrels for the first time since 2003.
“Crude production reached a fresh record above 14 million barrels per day having fully recovered from a recent weather-related slump, while SPR withdrawals slowed to just 400,000 barrels per day,” Hansen highlighted. The Saxo Bank’s head of Commodity Strategy noted in the statement that “crude exports fell by 1.2 million barrels per day to below four million barrels per day, while gasoline and distillate exports both increased.
