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...
Heating oil prices moved higher despite a larger than expected build in distillate inventories, as the news was trumped with a robust increase in crude oil inventories and solid demand. Imports continue to climb, and production is stable, which is allowing demand to erode the higher levels of inventories current in stock.
The Department of Energy reported that U.S. commercial crude…