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 oil experienced its largest price decline since 2015. Prices fell more than 7%, settling at $55.69 per barrel. WTI crude extended its record losing streak to 12 consecutive trading days and hit its lowest level since November 16, 2017.
Heating oil prices followed crude, shedding 4.3% and settling at $2.06 per gallon. Heating oil prices…