US ethanol stocks, productions levels drop in mid-March

28 March 2012 22:01  [Source: ICIS news]

HOUSTON (ICIS)--US ethanol inventories and production levels came down last week, according to data released by the Energy Information Administration (EIA) on Wednesday.

The decline comes a week after stockpiles and production rates had increased.

Ethanol inventories for the week that ended on 23 March were at 22.6m bbl, down by 100,000 bbl or 0.4% from 22.7m bbl a week earlier.

Meanwhile, ethanol production was at 889,000 bbl/day, also down by 0.4% or 4,000 bbl/day from 893,000 bbl/day the previous week.

US weekly ethanol inventories – m bbl (EIA)

23 Mar

16 Mar

9 Mar

2 Mar

25 Feb

22.6

22.7

22.0

22.1

22.0

 


By: Brian Balboa
+1 713 525 2653



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