PDF attached
EIA reported US ethanol production for the week ending declined 21,000 barrels per day to 1.022 million, lowest in two weeks and up about 4 percent from this time year ago. A Bloomberg survey was looking for production to decline 8,000 barrels. Stocks fell 138,000 barrels to 23.256 million barrels. The trade was looking for a 118,000 barrel increase. US gasoline demand increased 582,000 barrels to 9.123 million, highest level since the third week of December 2021. Gasoline stocks fell to their lowest level since early July.
US DoE Crude Oil Inventories (W/W) 05-Aug: +5.457M (est -1.000M; prev +4.467M)
– Distillate: +2.166M (est -1.000M; prev -2.400M)
– Cushing: +723K (prev +926K)
– Gasoline: -4.978M (est -1.100M; prev +163K)
– Refinery Utilization: +3.3% (est +0.5%; prev -1.2%)
US Crude Output Reaches 12.2M Bpd, Highest Since April 2020
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
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Weekly_EIA_Ethanol_Data-FI.pdf