Ethanol production reaches 16-week high but stocks still drop

July 15, 2020 |

In New Jersey, DTN reports that Energy Information Administration data shows ethanol production has continued to increase in light of growing demand for fuel, reaching a 16-week high at 931,000 bpd during the second week of July. But even with higher production and a 3.6% drop in demand, stocks were still drawn down for the second consecutive week to 20.608 million barrels. Production was down nearly 13% on the year while stocks were 12% lower.

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Category: Fuels

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