On Tuesday, the U.S. Energy Information Administration (EIA) reported May biodiesel production of 149 million gallons, 9 million gallon above April and up 13 million gallons versus May 2017. The January-May 2018 total of 686 million gallons was 120 million gallons higher than the first five months of 2017. The Renewable Fuel Standard (RFS) mandates 2018 biomass-based diesel usage of at least 2.1 billion gallons. However, the requirements are complicated, and a growing portion of biomass-based diesel is being met with renewable diesel production, which is not reported by the EIA. As a result, the agency’s reported biodiesel production may not seem to meet the EPA’s annual requirements. In 2017, for example, the EIA reported that...
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...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.