Locator: 50188B.
WTI: $87.56. Up $4.11 overnight; up 4.93% overnight.
On news that after almost two weeks of heaviest bombing ever, and 90% destruction of the Iranian navy, that same navy is able to completely close the strait by laying mines.
On top of this, Iran is shipping more oil than before the war -- by letting its ships get through the strait but not ships from other countries. At least that's what I'm reading.
New wells reporting:
- Friday, March 13, 2026: 13 for the month, 119 for the quarter, 119 for the year,
- 42237, conf, BR, Sandie 2C MBH-R,
- 41821, conf, BR, Rolla 6I,
- 41603, conf, BR, Sivertson 6F,
- Thursday, March 12, 2026: 10 for the month, 116 for the quarter, 116 for the year,
- None.
- Wednesday, March 11, 2026: 10 for the month, 116 for the quarter, 116 for the year,
- None.
RBN Energy: reality sucks. E15 plays role in summer gasoline debate, but does little to boost ethanol demand. Link here. Archived.
There’s no shortage of debate around ethanol and gasoline with the summer driving season just around the corner. Farm and biofuels groups are pushing hard for policies favoring expanded ethanol use, while refiners are lobbying for changes to improve the workings of the Renewable Fuel Standard (RFS). With winter winding down and summer gasoline planning already underway, fuel industry groups are urging the Environmental Protection Agency (EPA) not to repeat the last-minute fuel rule changes it issued last year again in 2026. In today’s RBN blog, we’ll dive into the debate about ethanol blending and gasoline regulations.
Let’s start with the basics. Most gasoline available at U.S. pumps today is E10, or gasoline blended with up to 10% ethanol, an alcohol typically produced from corn. E15 is gasoline blended with up to15% ethanol. It is approved by the EPA for use in flexible-fuel vehicles and all vehicles in model year 2001 and newer, although its consumer availability is far more limited. (Just 2%-3% of U.S. gasoline stations sell E15 today.) But E15’s use is prohibited in motorcycles, vehicles with heavy-duty engines (i.e., school buses and delivery trucks), off-road vehicles (boats and snowmobiles), equipment engines (chain saws and lawnmowers) and conventional vehicles older than model year 2001.
