Renewable diesel supply expected to rise in 2023

U.S. capacity for renewable diesel production rose to 2.134 billion gallons during Aug-Oct 2022, up 45 percent from capacity at the beginning of the year. This has affected the demand for soybean oil, the primary feedstock for renewable diesel. In the 2022/23 marketing period, [...]

Natural gas inventories pull even with benchmarks

For the first time this year, natural gas storage underground reached 2021 levels and seems set to catch up with the five-year average. Atypically warm weather across much of the eastern U.S. during October and the first half of November allowed a greater build [...]

Mild start to fall helps natural gas stocks recover

With the end of summer heat and milder temperatures across the U.S., the Energy Information Administration’s reports a clear boost to natural gas inventory. Recent weekly reports show stocks growing by over 100 billion cubic feet (Bcf) per day, helping to narrow the gap [...]

Jan-Jun soybean oil use for biofuel up 19% YOY

Biomass-based diesel manufacturers used 4.95 billion pounds of soybean oil during the first six months of 2022, a sizeable increase over H1 2021 and up 34 percent from Jan-Jun 2019, when the industry saw significant expansion in renewable diesel production. Production of renewable diesel [...]

Freeport LNG fire shifts momentum of natural gas market

Although news of an explosion and fire in a Freeport liquified natural gas (LNG) loading terminal off the coast of Texas would initially appear bullish, in-depth analysis would suggest that the event has instead shifted the momentum of the domestic natural gas market. The [...]

Natural gas stocks finally turn the corner as spring arrives

Having passed the official start of spring, natural gas stocks in underground storage across the U.S. finally posted their first gain since last fall in Thursday’s EIA report. Nationwide stocks showed a 26 billion cubic feet (Bcf) bump over last week, with six out [...]

Key Nov. 4 vote will influence West Coast gas storage & pricing

A meeting on Nov. 4 will decide on increasing gas storage at a primary facility that serves as major hub for Southern California. The California Public Utility Commission (CPUC) will vote on lifting restrictions at the Aliso Canyon SoCal citygate terminal as part of [...]

Crude oil pricing rises as OPEC+ limits production growth

Brent crude oil futures surged this past week, topping $81 per barrel, a level not seen since 2014, making a contract and yearly high after the most recent OPEC+ meeting. The OPEC+ Joint Technical Committee (JTC) met ahead of the regular member meeting to [...]

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