UCO prices rise to start week; December cattle slaughter expected to decline
Used cooking oil (UCO) prices edged higher in the US Gulf Coast on Monday...
The US Energy Information Administration’s (EIA) monthly Short-Term Energy Outlook (STEO) released on Wednesday November 13, reduced its 2024 and 2025 forecasts for the consumption biomass-based diesel (BBD). The forecast was lowered despite the outlook for US diesel and gasoline consumption increasing.
The EIA currently expects US BBD consumption to average 359,000 barrels per day in 2024 and 345,000 bpd in 2025.These estimates were down from 360,000 bpd and 347,000 bpd in the October STEO...