The US Energy Information Administration’s (EIA) Petroleum Supply Monthly report for March, released on Friday May 31, showed that rail and barge shipments of renewable diesel (RD) and biodiesel were up by 2% from February. There were 2.9 million barrels of RD and 250,000 barrels of biodiesel shipped to the West Coast in March. Biodiesel shipments were down 37% from February, while RD shipments climbed by 8%.
The advent of California’s Low Carbon Renewable Fuel Standard (LCFS) and the subsequent additional clean fuel standards enacted in Oregon and Washington have incentivized renewable fuel consumption on the West Coast. Due to these programs, RD is almost exclusively consumed within these three states.
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09.06.2024
Signs of US economic downturn send ULSD prices to 3-year low
Shifting economic conditions are raising the possibility of a US recession. The US Bureau of Labor Statistics (BLS) released the jobs report on Friday September 6, which showed that...
09.06.2024
US fat market slides on pressure from soybean oil, energy complex
Used cooking oil (UCO), distillers’ corn oil (DCO) and yellow grease all traded lower on Friday September 6 due to pressure from the sinking heating oil and soybean oil...
09.06.2024
Sluggish trade volume keeps weekly animal protein prices flat
US animal protein prices were steady on Friday September 6, with market participants indicating light traded volumes for products.
Weekly wrap-up
Prices for US animal proteins were little...