US ethanol stocks rise despite production drop - EIA

12 January 2011 19:13  [Source: ICIS news]

HOUSTON (ICIS)--US fuel ethanol inventories rose in the first week of 2011 despite a drop in the biofuel's daily production, the US Energy Information Administration (EIA) said on Wednesday.

Ethanol stocks stood at 17.09m bbl in the week ended 7 January, up by 1.4% from 16.86m bbl the previous week.

Meanwhile, daily production fell by 1.8% to 888,000 bbl/day for the week, down from 904,000 bbl/day a week ago, the government said.

For the month of December, daily ethanol output averaged 920,000 bbl/day, up by 3.7% from 887,000 bbl/day in November, according to EIA data.

US weekly ethanol inventories – m bbl (EIA)
7 Jan	31 Dec	24 Dec	17 Dec	10 Dec
17.09	16.86	16.84	16.77	16.71

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By: William Lemos
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