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, [...]
The last week of August saw a pair of tropical storms hit the Gulf Coast states in what has already been an extremely active North Atlantic hurricane season. Tropical Storm Marco arrived first in eastern Louisiana near New Orleans, prompting evacuations and a closure [...]
April crude oil futures contracts made history when prices breached zero and even traded negative before expiring. This anomaly highlights the crisis faced by oil refiners dealing with a collapse in demand leading to a continuing shortage of storage. Given its connection to drilling, [...]
