Ethanol production picks back up but stocks continue to fall

In Washington, Platts reports that Energy Information Administration data showed a 13,000 bpd jump on ethanol production over the previous week to 1.041 million bpd. Yet despite the return to higher production volumes, stocks still fell in four out of five regions to 21.263 million barrels, down 866,000 barrels from the week prior. The Rocky Mountain region was the only one to add stocks but it was meager at just 1,000 barrels while the Gulf Coast was the largest loser at 544,000 barrels.

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