EPA’s proposed biofuel 2021 required volume obligation (RVO) rule has been at the Office of Management and Budget (OMB) for more than two weeks (OMB received the proposal on 13 May). When it is published – assuming no changes from OMB - the expected volumes are detailed below.
It is possible, though not probable, that the rule could be published as early as next week. Normally, it is expected within two weeks after a 30-day review but is hard to tell the timeline right now. Last year with the small refinery exemption (SRE) debate going on, EPA sent the 2020 rule on 8 May and it was not published until 5 July. This year, the timeline is complicated by the COVID-19 related drop in fuel demand. To date, the refining industry st...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
Russian Grain Markets: 29 June-3 July 2026 The new marketing season has officially begun in Russia, although bearish sentiment has been concentrated in the southern regions closest to the Black Sea ports, where export demand has been weakest. Delays in grain deliveries to inland elevators have...
