RFS Market: RINs plunge to 1.5-mth low as heating oil rips

Published 23:16 on March 8, 2022  /  Last updated at 23:16 on March 8, 2022  /  Americas, RINs & LCFS, US  /  No Comments

US biofuel credit (RIN) values crashed beneath $1 on Tuesday as market participants pointed to a plummeting soybean oil-heating oil (BOHO) spread as President Joe Biden announced a ban on Russian oil and gas imports.

US biofuel credit (RIN) values crashed beneath $1 on Tuesday as market participants pointed to a plummeting soybean oil-heating oil (BOHO) spread as President Joe Biden announced a ban on Russian oil and gas imports.

A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.