US cracks ease, on biofuel mandate waivers

Oil
June 15, 2021

ICE Brent prompt contract remained relatively stable at 73.2 $/b, US product markets were under pressure as the Biden administration considered biofuel blending mandates waivers for US refiners. European cracks remained supported, with spot diesel cracks still above 7 $/b at the prompt.

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US cracks ease, on biofuel mandate waivers

You might also read :

EUAs extended their bullish trend to fresh record

The EU made a (non-binding) proposal for a full embargo on Russian energy imports, including gas

Energy markets shaken up by tight supply

Simplifying energy markets