The comment period for the 2019 Renewable Fuel Standard (RFS) volume obligations closed on 17 August. There were more than 290,000 comments filed. Some highlights from major stakeholders included the following:
The American Petroleum Institute (API) called for Congress to sunset the RFS program after 2022 when the statutory volumes expire, in part because the rationale behind passing the law in 2007 is no longer valid, specifically the overreliance on imported oil. The trade association also indicated that it is "willing to compromise on certain policies" and could support a year-round waiver for E15 in exchange for concessions on other parts of the RFS. The Renewable Fuels Association (RFA) complained that the proposed rule does not &l...
What You Need to Know Today: U.S. launches naval escort operations in the Strait of Hormuz as Iran attacks UAE oil infrastructure, escalating geopolitical risk and supporting energy and broader commodity markets Biofuel demand entering uncharted territory, with soyoil valuation increasingly di...
The Middle East is said to be undergoing a transformation as economic priorities transcend security concerns. This is evidenced by diversification away from oil and the UAE’s departure from OPEC. Meanwhile, the Palestine issue has been deprioritized, and Iran has emerged as more destabili...
All eyes are shifting to the Senate following the House passage of a farm bill last Thursday. Senate Agriculture Committee Chair John Boozman (R-Arkansas) is targeting the end of May or early June for a bill markup. According to Boozman, the House “going ahead and passing something was re...
