US ethanol inventories up 2.4% despite production drop - EIA

01 December 2010 20:12  [Source: ICIS news]

HOUSTON (ICIS)--US fuel ethanol inventories rose by 2.4% in week ended 26 November despite a continued drop in daily production of the biofuel, the US Energy Information Administration (EIA) said on Wednesday.

Ethanol stocks last week were at 17.1m bbl (718m gal) while daily production fell by 0.7% to 885,000 bbl/day, the government said.

The drop in production was the second in as many weeks, but daily ethanol output in November averaged 887,000 bbl (1.12bn gal), up by 1.6% from 873,000 bbl/day in October.

US weekly ethanol inventories – m bbl (EIA)

19 Nov

12 Nov

05 Nov

29 Oct

22 Oct

17.1

16.7

16.1

16.3

16.3

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By: William Lemos
+1 713 525 2653



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