Energy markets fell on Tuesday July 30, with some market sources reporting overall negative sentiment over world events. Renewable information number (RIN) prices decreased day on day as well.
Sources pointed to the possibility for a third month of lower economic growth in China, and an OPEC meeting later this week where members could vote to roll back production cuts.
On the bullish side, the US Federal Reserve is also meeting this week and could signal plans for interest rates for the rest of the year. Additionally, election results in Venezuela have led to speculation for more US sanctions in the future, and therefore lower crude oil supply.
Amid these concerns West Texas Intermediate (WTI) futures weakened by nearly $1 per barrel day on day to $74.74 per barrel. WTI has slipped by $3.55 per barrel since July…
12.26.2024
East Coast renewable diesel supplies likely to decline: EIA
Renewable diesel supplies on the US East Coast could be cut in half starting in January as the Clean Fuel Production Credit (CFPC) replaces the expiring Blender’s Tax Credit,...
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US animal fats and oils markets mostly stable, with movement only in CWG
The US animal fats and oils markets were largely steady on Thursday December 26 amid limited trade activity due to the Christmas holiday.
The only notable activity observed...
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Avian flu spikes in poultry, cattle sector at end of 2024
US animal protein prices were steady on Thursday December 26, with limited volumes reported to have been traded.
US avian flu update
Year-to-date US poultry headcounts affected by...