EIA: Ethanol Stocks, Output Rise
NEW YORK (DTN) -- The U.S. Energy Information Administration released a weekly report Wednesday, Nov. 1, showing increases for U.S. ethanol inventory, plant production and blending demand during the week-ended Oct. 27.
The EIA's Weekly Petroleum Status Report showed fuel ethanol stocks rose by 500,000 barrels (bbl), or 2.4%, to 21.5 million bbl, with a year-over-year surplus at 1.8 million bbl, or 9.1%.
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The increases occurred along the East Coast and in the Midwest, where supplies reportedly climbed 200,000 bbl and 300,000 bbl, respectively.
Domestic plant production rose 17,000 barrels per day (bpd), or 1.6%, to 1.056 million bpd during the week reviewed, while up 34,000 bpd, or 3.3%, year over year. For the four weeks ended last week, ethanol production averaged 1.020 million bpd, up 27,000 bpd, or 2.6%, against the year prior.
Net refiner and blender inputs, a measure for ethanol demand, rose 5,000 bpd, or 0.5%, to 930,000 bpd, while up 8,000 bpd, or 0.9%, year over year. For the four-week period ended Oct. 27, blending demand averaged 929,000 bpd, up 11,000 bpd, or 1.2%.
(AG)
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