Earlier today Steve Mnuchin, Secretary of the US Treasury Dept, stated “It can be assumed that the Trump administration is looking at the US government taking stakes in energy companies as one option. The administration is looking at several options to help the oil and gas industry.”
More than 2.4 million barrels of crude is to be delivered to Cushing next month in fulfilment of WTI Contracts, exchange operator CME Group disclosed on Wednesday.
Mercifully, the week came to a close for crude oil, which saw value drop more than 7 percent. Heating oil prices experienced a steeper decline, falling over 32 percent to 64.67 cents per gallon. Heating oil futures are down more than 68 percent relative to a year ago. Soybean oil futures dropped nearly five percent, closing the week at 25.05 cents per pound and…
05.01.2024
Renewable diesel tops petroleum diesel as CA’s most blended diesel fuel in 2023
The consumption of renewable diesel (RD) in California reached a new milestone in 2023, with RD blending surpassing that of petroleum diesel for the first time. Data released on...
05.01.2024
Distillers’ corn oil production moves higher
Four cars of technical tallow traded lower on Wednesday May 1, down to 47 cents per lb Chicago basis.
Used cooking oil (UCO) and yellow grease traded...
05.01.2024
Animal protein prices steady amid avian flu outbreak
US animal protein prices were steady or up on Wednesday May 1 amid limited reported trade, with multiple market participants attending the Petfood Forum in Kansas City, Missouri, this...