05.02.2024
UCO, heating oil spread widens
Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...
According to the EIA’s Weekly Petroleum Status Report, ethanol production reached its second highest historical rate, reaching a daily average of 1,000,000 b/d for the week ending 12/11. Production was 7,000 b/d from the week prior. Stocks expanded, increasing by 294,000 barrels. Gasoline demand shrank by 200,000 b/d and…