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...
Heating Oil Stockpiles Surge, but Prices are Oversold
Heating oil prices edged higher in early trade following the larger than expected draw in crude oil inventories. This came on the back of Tuesday report from the API which also showed a larger than expected crude draw. Prices in crude spiked to 39 per barrel, but started to come off as traders analyzed the large build in heating oil.
The weather has been warmer than…