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.
Biodiesel Activity
A day after seeing crude oil prices close below $37 for the first time since early 2009, crude dropped another $1 per barrel, closing at $35.62. Prices are now flirting with the January 2009 low of $33.20. Prices were only briefly at that level. One would have to look all the way back to 2004 to see prices trading in this range. Heating oil prices are also flirting with 2009 lows that have not been seen since 2004. HO followed crude’s collapse,…