04.23.2024
Rising BOHO spread spurs RIN values higher
Despite the move higher, D4 RINs are down 2% in value from the previous week. RIN prices are receiving support from the rising bean oil/heating oil (BOHO) spread, which...
A coalition of five US states has asked for a nationwide waiver exempting refiners from having to comply with blending requirements due the coronavirus and supply/demand issues for oil in the marketplace. The request once again places President Trump in an uncomfortable position, as his administration’s decision will upset an important base of his support.
On one side is the oil industry,…