04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Crude oil prices climbed higher during the past week, which has led to speculation that prices might have hit a bottom. This comes despite robust supply from production around the globe. Although there have been continued declines in U.S. rig counts, the import of crude oil into the U.S. will likely take the place of any drop off in domestic production.
According to the Department of Energy, total U.S. crude oil…