04.26.2024
P66 Rodeo to begin producing SAF in Q3
Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...
A weaker US dollar, rising crude oil prices, and cold weather throughout much of the Northeast helped to boost heating oil futures. HO futures jumped nearly 10 cents to $1.91 per gallon, their largest single day move since 11/28/14 when prices fell by nineteen cents per gallon. Despite rising soybean oil costs, up 0.26 to 32.01 cents per pound, the rise in HO was enough to send the bean oil/heating spread spiraling lower by 9 cents per…