US ethanol stocks fall 2.7% week on week, production up slightly

02 June 2011 20:12  [Source: ICIS news]

HOUSTON (ICIS)--US fuel ethanol inventories were down in the last week of May despite a small gain in daily production, the US Energy Information Administration (EIA) said on Thursday.

Ethanol stocks stood at 20.23m bbl in the week ended 27 May, down 2.7% from 20.80m bbl in the previous week.

Meanwhile, US production of the biofuel rose by 0.8% to 909,000 bbl/day in the same period, the EIA said.

US ethanol output in May averaged 893,250 bbl/day, up 1.2% from 882,800 bbl/day in April. 

US weekly ethanol inventories – m bbl (EIA)
27 May	20 May	13 May	06 May	29 April
20.23	20.80	20.41	20.44	19.77

 

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By: William Lemos
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