EIA increases 2016 ethanol manufacturing expectation

Plantations International Information The United States Power Info Management (EIA) has actually forecasted that ethanol production will certainly average 970,000 barrels each day in both 2016 and 2017 in the US. The organization released the info in the January issue of its 'Short-Term Power Expectation'. The EIA has raised its prediction for 2016 when as compared to the 960,000 barrel each day prediction consisted of in the December Short-Term Power Overview. The January record includes EIA's very first short-term predictions for 2017. Ethanol production averaged around 964,000 barrels daily in 2013. Ethanol usage, which averaged 910,000 barrels per day last year, [...]