Locator: 47800B.
WTI: $77.53.
Wednesday, June 12, 2024: 59 for the month; 123 for the quarter, 322 for the year
None.
39677, conf, Petro-Hunt, Burian 144-98-14A-23-3H,
RBN Energy: renewable diesel market unsettled by drop in government subsidies. Archived.
The federal Renewable Identification Number (RIN) and California’s Low Carbon Fuel Standard (LCFS) have long served as tools to force renewable fuels like ethanol into the U.S. fuel supply. They are environmental credits that subsidize production of renewable fuels that would not otherwise be economically justified. Nuances embedded in the design of these credit systems have again kicked in to surprise the markets, this time with a hit to renewable diesel (RD) margins. Today’s RBN blog zeroes in on two root causes for that hit.
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