US weekly fuel ethanol stocks drop 1% to 19.3m bbl - EIA

11 August 2010 21:49  [Source: ICIS news]

HOUSTON (ICIS)--US weekly fuel ethanol inventories were at 19.34m bbl (812m gal) in the week ended 6 August, down by 1% from 19.54m bbl a week earlier, the US Energy Information Administration (EIA) said on Wednesday.

US ethanol production averaged 866,000 bbl/day last week, also down by around 1% from 873,000 bbl/day in the week ended 30 July.

Market sources said the weather could be a factor affecting ethanol production, citing high temperatures across the US in recent days.

Some ethanol plants could be running slower as the heat can affect cooling tower temperatures, a source said.

US ethanol production in July averaged 836,000 bbl/day, down from an average of 839,000 bbl/day in June.

US weekly ethanol inventories – m bbl (EIA)

06 Aug

30 Jul

23 Jul

16 Jul

09 Jul

19.3

19.5

19.5

19.9

19.7

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By: William Lemos
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