The year is nearly over and the US Environmental Protection Agency has yet to formally propose biofuel blending requirements for 2021, and will miss the…
Nov 22, 2021
The year is nearly over and the US Environmental Protection Agency has yet to formally propose biofuel blending requirements for 2021, and will miss the Nov. 30 deadline to finalize Renewable Fuel Standard volume requirements for 2022 as well. The Biden administration has also already missed a Nov. 1 deadline to issue a multi-year rule setting renewable fuel volumes for 2023 and beyond.
The country’s leading association of biofuel producers has put the EPA on notice that this is unacceptable. Growth Energy gave the EPA 60 days to meet its statutory obligations, after which it plans to sue the agency. That clock started running Nov. 2.
Senior editor Jasmin Melvin spoke with Growth Energy CEO Emily Skor about the group’s notice of intent to sue and the impacts of this delayed action on ethanol producers and consumers.
Stick around after the interview for Chris van Moessner with the Market Minute, a look at near-term oil market drivers.
S&P Global Platts’ Ciaran Roe and Ira Joseph break down the unprecedented price movements in recent LNG and gas markets. The discussion focuses on how…
Nov 10, 2021
S&P Global Platts’ Ciaran Roe and Ira Joseph break down the unprecedented price movements in recent LNG and gas markets. The discussion focuses on how we arrived at this point of unusual tightness and whether the conditions that brought us here will persist. Then the discussion turns to the evolving pricing relationship between JKM and TTF, how LNG imports have been trading above Europe’s main gas hub for months, and how the US Henry Hub fits into the mix. The final segment looks ahead to how short-term price volatility may trigger changes in long-term gas and LNG contracts and the types of indexation that will underpin them.
Note: Prices discussed as of date of recording 28th October 2021.
The strong backwardation in diesel and gasoline forward pricing is reflective of a tight fundamental picture for road fuels in Europe as demand steadily rises…
Nov 18, 2021
The strong backwardation in diesel and gasoline forward pricing is reflective of a tight fundamental picture for road fuels in Europe as demand steadily rises and refineries grapple with high crude feedstock and running costs as natural gas prices soar, curtailing supply. Amid this market tightness, inventories continue to draw as the opportunity cost of storage rises, reducing supply buffers. At the same time, refiner hedging is exacerbating the strength in calendar time spreads.
In this episode of the Oil Markets Podcast, S&P Global Platts Global editors Rowan Staden-Coats and Lucy Brown discuss with Joel Hanley backwardation and what it means for road fuel markets in Europe.
Watch an exclusive interview with Harold Hamm, Executive Chairman, Continental Resources who joined Dave Ernsberger, Global Head of Pricing and Market Insights, S&P Global Platts to discuss benchmarks, the Bakken, and a backlog of wells.WATCH NOW