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...
**Please note – Ryan Standard is out of the office this week, returning on Monday, August 2nd.**
Trading out of the Australian and New Zealand markets is higher on limited supply and strong demand from the renewable sector. The typical season tightness is exacerbated by the herd rebuilding current underway in Australia. The MLA estimated cattle slaughter at 93,480 head. Prices remain out of line with palm, but strong renewable demand and a move by some to limit palm derivative usage has boosted prices to new highs.
EU trading was lower on UCO…