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Category: Biodiesel

Refiners Put Renewable Sector on Notice with Renewable Diesel

Bob Lane | 11.04.2020

The reduction in refined product demand continued to weigh heavily on crude oil and refined products market during the third quarter 2020. Crude oil differentials have tightened with the decline in crude oil prices and domestic shale oil production. These differentials are expected to remain week until the shale market recovers. Oil inventory from wells already complete is expected to continue to decline with West Texas Intermediate (WTI) below $40. In order to incentivize additional production and stem further production declines, WTI...