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 :

Markets absorb Fed announcements smoothly

EUAs temporarily climbed back above 60€/t

Sharp rise in interest rates and fall in the US dollar

Simplifying energy markets