05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
Crude Tests Support Levels and Is Poised to Track Lower
Crude oil prices moved to a low below trend line support created by the $42.03 March 2015 lows. Prices seemed to stall at these levels, as traders evaluate production and the recent outlook from the EIA. The Short-Term Energy Outlook released on August 11 forecasts that North Sea Brent crude oil prices will average $54 per barrel in 2015 and $59/b in 2016, which is $6/b and $8/b lower than projected in…