US ethanol weekly output soars to record 962,000 bpd

Newswire

* U.S. ethanol production jumps to new record high * U.S. ethanol stocks up 11,000 bbls to 17.67 mln By Carey Gillam Dec 29 (Reuters) - U.S. ethanol production hit a record high in the latest week, jumping 2 percent over the previous week's tally, the Energy Information Administration reported Thursday. "That was a surprise," said Linn Group analyst Jerrod Kitt. Kitt said he believed the production surge was largely due to ethanol plants meeting obligations related to forward bookings ...

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