07.05.2024
US BOHO spread rises 45%; RINs not keeping pace
The soybean oil/heating oil spread (BOHO) in the US rocketed 45% higher this week on rising soybean oil costs. The BOHO is a common metric used to gauge the...
The US Energy Information Administration’s (EIA) Petroleum Supply Monthly report for April, released on Friday June 28, showed that rail and barge shipments of renewable diesel (RD) and biodiesel were 2% lower compared with March.
There were 2.876 million barrels of RD and 224,000 barrels of biodiesel shipped to the country’s West Coast in April. Biodiesel shipments were down by 9% in April, following a 37% drop in March. RD shipments were down by 2% in April following an 8% climb in March.
Barge/tanker RD shipments from the Gulf Coast increased by 27% to 1.6 million barrels in April, while the amount of RD moved by rail in the region dropped by 24% to 724,000 barrels.
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