Pages

Tuesday, June 11, 2024

Renewable Diesel Market Unsettled -- Government Reduces Subsidies -- June 11, 2024

Locator: 47800B.

WTI: $77.53.

Wednesday, June 12, 2024: 59 for the month; 123 for the quarter, 322 for the year
None.

Tuesday, June 11, 2024: 60 for the month; 124 for the quarter, 323 for the year
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.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.