Earlier today Steve Mnuchin, Secretary of the US Treasury Dept, stated “It can be assumed that the Trump administration is looking at the US government taking stakes in energy companies as one option. The administration is looking at several options to help the oil and gas industry.”
More than 2.4 million barrels of crude is to be delivered to Cushing next month in fulfilment of WTI Contracts, exchange operator CME Group disclosed on Wednesday.
Mercifully, the week came to a close for crude oil, which saw value drop more than 7 percent. Heating oil prices experienced a steeper decline, falling over 32 percent to 64.67 cents per gallon. Heating oil futures are down more than 68 percent relative to a year ago. Soybean oil futures dropped nearly five percent, closing the week at 25.05 cents per pound and…
04.18.2024
Total RFS blending falls in March, domestic biodiesel blending increases
The Environmental Protection Agency (EPA) reported 1.66 billion gallons of renewable fuel blended within the nation’s transportation fuel pool during March. Blending was six percent below February and...
04.18.2024
EU UCO premium to US continues to grow
The US animal fats and oils market was mostly quiet on Thursday April 18, with a handful of price changes reported. Choice white grease (CWG) into the Missouri River...
04.18.2024
Ruminant meat and bonemeal price pressure in most regions
Price pressure was reported on several regions for meat and bone meal, ruminant and porcine items. Market sources said buyer pushback and light demand, with exception to the pet...