Despite robust demand for distillates, inventories surged in the first week of January, with all three major areas of the petroleum complex showing larger than expected builds. Imports surged, which was likely the last of the increases seen ahead of the OPEC’s cut which is expected to begin in January of 2017. This appears to be a buy the rumor sell the fact scenario.
The Department of Energy…
03.03.2025
EASA releases EU SAF mandate penalty reference prices
The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...
03.03.2025
Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains
Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.
03.03.2025
Trade quiet in animal protein market ahead of tariff implementation on Canada and Mexico
Trading was quiet in the animal protein market on Monday March 3 with many market participants taking a wait-and-see approach to US tariffs that are set to go into...