Ethanol production finally drops enough to reverse stock build

April 29, 2020 |

In Washington, Platts reports that Energy Information Administration data shows that the ethanol industry’s efforts to mothball production in line with falling demand is finally paying off. At last, ethanol stocks fell by more than 1.3 barrels after five straight weeks of increasing stocks. Production fell to a 12-year low of 537,000 b/d. The Gulf Coast region where most exports originate saw the biggest draw on stocks of 558,000 barrels, nearly a 10% drop on the week.

Category: Fuels

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