RINs Await Clarity from EPA

RINs Await Clarity from EPA

 

Daily Charts 

Biodiesel B20 (2020) RINs rallied 4.5 percent last week, settling at 58.50 cents.  The B19 RIN climbed nine percent.  Prices came off a bit today with the B20’s closing at 57.75 cents and the B19’s at 56.5 cents.  Ethanol RINs gained about four percent in value last week with the E20 closing at 46.75 cents.  Ethanol RINs were also slightly lower today.  The B20 RIN is trading at a 11.5-cent premium to the E20. RIN prices remain well supported but are awaiting further clarity from EPA on renewable volume obligations and small refinery exemptions.

Crude oil prices slipped 10 cents per barrel last week, settling at $40.55 per barrel.  Prices are still well above the $31.50 they were trading at a week before the pandemic was announced.  While crude prices edged lower, heating oil prices locked in a…

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