US fuel ethanol stocks drop 1.7% to 17.2m bbl - EIA
29 September 2010 19:41 [Source: ICIS news]
HOUSTON (ICIS)--US fuel ethanol stocks fell by 1.7% to 17.2m bbl (722m gal) in the week ended 24 September compared with a week earlier, the US Energy Information Administration (EIA) said on Wednesday.
Ethanol production as assessed by the EIA last week averaged 825,000 bbl/day, a drop of nearly 3% from 850,000 bbl/day in the previous week.
The EIA did not provide details on the reduction, but a market source said planned maintenance at a number of US plants could be affecting production of the biofuel.
US ethanol production in September averaged 855,500 bbl/day, up from 854,000 bbl/day in August, according to EIA data.
US weekly ethanol inventories – m bbl (EIA) 24 Sep 17 Sep 10 Sep 03 Sep 27 Aug 17.2 17.5 17.9 17.7 17.6
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By: William Lemos
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