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Global Oil Market Weekly Highlights
Global Oil Market Weekly Highlights
BIOCRUDES, PYROLYSIS OIL
US Renewable Diesel Glut and Its Impact on Refiners' Margins and Strategy
The US has seen a significant increase in renewable diesel production, from 791MM gal/y (51.6K b/d) in 2021 to 3B gal/y (195.7K b/d) by 2023, leading to an oversupply and driving Renewable Identification Numbers (RINs) prices to a five-year low.
May 19, 2024
