PDF attached
US weekly ethanol production increased 15,000 barrels per day to 1.009 million barrels after declining 47,000 barrels week earlier. Traders were looking for a 9,000 barrel increase. Stocks increased 684,000 barrels to 25.483 million. Traders were looking for a 167,000 barrel increase. Recall stocks fell 1.055 million previous week. Logistical problems, such as rail, was noted. Production fell 11,000 barrels on average over the past four weeks. Ethanol stocks are at record levels for this time of year. US gasoline stocks decreased 1.33 million barrels from the previous week to 247.1 million barrels. Gasoline demand slipped 550,000 barrels to 8.570 million, and on a rolling 4-week average up 7.9% from year ago but down 2.9 percent from 2020.
US DoE Crude Oil Inventories 11-Feb: 1121K (est -2174K; prev -4756K)
– Distillate Inventories: -1552K (est -1500K; prev -930K)
– Cushing OK Crude Inventories: -1900K (prev -2801K)
– Gasoline Inventories: -1332K (est 500K; prev -1644K)
– Refinery Utilization: -2.90% (est 0.00%; prev 1.50%)
EIA: US Oil Inventories At Cushing, Oklahoma At Lowest Since Sep 2018 In Latest Week
EIA U.S. crude oil production forecast to rise in 2022 and 2023 to record-high levels
https://www.eia.gov/todayinenergy/detail.php?id=51318&src=email
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
One Lincoln Center
18 W 140 Butterfield Rd.
Oakbrook Terrace, Il. 60181
W: 312.604.1366
ICE IM: treilly1
Skype: fi.treilly
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Weekly_EIA_Ethanol_Data-FI021622.pdf