05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
Strong Demand for Distillates Buoys Heating Oil
Heating oil prices are slightly higher mid-day on Thursday following the Department of Energy’s inventory report that was released one day late due to the Veterans Day holiday. Prices stayed buoyed as heating oil inventories decline and are currently 8% lower than stockpiles 1-year ago. Crude oil inventories continued to rise, as the US increased production another 100K barrels this week up to 11.7 million…