EIA: US Ethanol Stocks, Production Down
NEW YORK (DTN) -- The U.S. Energy Information Administration released a weekly report Wednesday, Dec. 13, showing decreases for U.S. ethanol inventories and plant production while blending demand increased in during the week-ended Dec. 8.
The EIA's Weekly Petroleum Status Report showed fuel ethanol stockpiles declined by 100,000 barrels (bbl), or 0.4%, to a 22.4 million bbl, moving off a better-than-four-month high posted a week prior, with a year-over-year supply overhang at 3.3 million bbl or 17.3%.
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The increases occurred in PADD 2 Midwest and PADD 3 Gulf Coast, 100,000 bbl higher at 8.3 million bbl and 300,000 bbl higher at 4.1 million bbl, respectively, the data showed. Stock draws occurred in PADD 1, down 400,000 bbl to 6.8 million bbl, while PADD 5 stocks fell 200,000 bbl to 2.8 million bbl. PADD 4 Rocky Mountain region supplies eased 100,000 bbl to 300,000 bbl last week.
Domestic plant production declined 19,000 barrels per day (bpd), or 1.7%, to 1.089 million bpd last week, up 49,000 bpd, or 4.7%, year over year. For the four weeks ended last week, ethanol production averaged 1.084 million bpd, 62,000 bpd or 6.1% higher than a year ago.
Net refiner and blender inputs, a measure for ethanol demand, increased by 31,000 bpd, or 3.5%, to 916,000 bpd last week, while up 22,000 bpd, or 2.5%, year over year. For the four-week period ended Dec. 8, blending demand averaged 911,000 bpd, up 14,000 bpd, or 1.6%, versus a year ago.
(AG)
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