Reported 16 days ago
U.S. renewable fuel credits soared to multi-month highs despite Donald Trump's recent presidential win, driven by refiners' heightened demand to meet regulatory mandates and rising soyoil prices. The Renewable Identification Numbers (RINs) for both biomass-based diesel and ethanol peaked at 79 cents, the highest since January. While biofuel producers benefit from these rising prices, petroleum refiners face increased challenges due to weak market conditions. Analysts remain uncertain about potential changes in small refinery exemptions under Trump's administration, affecting future availability of RINs.
Source: YAHOO