04.25.2024
US heating oil, distillate fuel consumption lower than usual in Q1
In the first quarter of 2024, US prices for distillate fuel oil — which includes diesel fuels for vehicles and for home heating — was lower than the...
The market today was active with demand sectors increasingly disparate in their buying approach. Biodiesel producers continue to lower their bids basis weak heating oil values, poor margins and high relative prices to soybean oil. Feed buyers, including pet food, have been active in building inventory, or rebuilding inventory, ahead of any potential logistical interruptions. Renewable diesel demand, particularly export demand, is strong at the…