Articles tagged with: oil prices
by Andreas de Vries & Salman Ghouri (OilPrice.com) Two diametrically opposed views dominate the current debate about where the oil price is heading. On the one hand, there is the view that the price of …
by Gerald Butt (Petroleum Economist) The global aviation industry is committed to long-term carbon emission cuts, but low oil prices are slowing the development of alternative types of jet fuel — … Then comes the …
by Helena Tavares Kennedy (Biofuels Digest) In Iowa, a new tractable multi-market model study finds that the RFS has substantially benefited the U.S. economy by lowering gasoline, crude oil prices, and crude oil imports, while increasing …
by Audreyanna Thomas (Guyana Sugar Corporation Inc./Stabroek News) The Guyana Sugar Corporation Inc (GuySuCo) would like to provide some information which it is hoped would add to the current debate on ethanol production as a viable …
(My Sunshine Coast) The Australia biodiesel industry is still trying to negotiate deals with oil companies to ramp up production, despite the introduction of a second State mandate, Chief Executive Officer of the Biofuels Association …
(SkyNRG/PR Web) Carbon reduction leaders Carbon War Room (CWR) and SkyNRG join with the Port of Seattle to announce recommendations for long-term funding mechanisms that could supply all airlines at Seattle-Tacoma International Airport (Sea-Tac) with …
(Penn State News) Slowed as much by extremely low oil prices as supply-chain and technological challenges, the effort to integrate biofuels into the nation’s aviation fuel supply is nonetheless progressing, according to a researcher in …
by Jim Lane (Biofuels Digest) … By now, Tom Boussie of Rennovia has been 20 years in the forge of the chemicals business, and 9 of those years being pounded on the anvil of renewable …
by Gerald Kosmicki (Grand Island Independent) … Why not just say farmers need a higher price for their corn, rather than the posturing concern for the environment? We had $7 corn during the Obama years, but …
by Jim Lane (Biofuels Digest) The value of cellulosic fuels has reached $4.33 per gallon in the California market. That’s real-world, today, including the energy and the low-carbon attributes, and not based on speculation. The …
by Jim Talent (Capital Ag Press/Americans for Energy Security and Innovation) Unfortunately, even as fracking reached new heights, America’s total domestic crude oil production declined in 2016. According to new data from the U.S. Energy …
(Global Renewable Fuels Alliance/Ethanol Producer Magazine) The Global Renewable Fuels Alliance recently released a new chart showing opposite trends in the UN Food and Agriculture Organization Food Price Index and world fuel ethanol production since …
by John Fialka (E&E News/Climatewire) In May 2016, investigators from the Government Accountability Office assembled a panel of 19 experts in Washington to explore what had happened to a program to develop a commercial market …
by Meghan Sapp (Biofuels Digest) In Mexico, Smart Recycling has boosted its UCO biodiesel production 150% since January to more than 400 gallons per day thanks to the national oil company Pemex boosting fuel prices …
by Jim Lane (Biofuels Digest) … As you can see from the hard data, the production cost for ethanol today is $1.22 per gallon, which translates to $51.24 per barrel. Now, on an energy basis — …
by Jim Lane (Biofuels Digest) For the world of renewable fuels — the only significant carbon legislation on the books, it really doesn’t matter what the oil price is. The RFS creates a separate market for …
(IEA Bioenergy Task 39) As described in the report and covered in the associated webinar, some of the
reports key conclusions were:
• Algae exhibit high photosynthetic efficiency and high yields (~55 tonnes ha-1yr-1), at least twice that …
by Jim Lane (Biofuels Digest) The Digest’s Complete March Madness webinars – 700+ slides available for your on-demand review. — The Digest’s March Madness series – 20 webinars covering the hottest topics as selected by …
by Tux Turkel (Portland Press Herald) ‘The biggest obstacle now is financing,’ says Stephen Fitzpatrick, president of Biofine Technology LLC, which is partnering with UMaine on a pilot plant at the site. — The former …
by Jim Lane (Biofuels Digest) This week, we hosted a webinar what is universally agreed to be the single largest new application of advanced industrial biotechnology — this is the Big Kahuna, or sustainable aviation fuel. Sustainability …
by Jim Lane (Biofuels Digest) In our March Madness series, we’ve been covering emerging markets and technological pathways and market access – what about market pricing? Specifically, the price of the incumbent that’s oil and …
by Sapna Gopal (The Wire) Bio-jet fuel is generally two- to seven-times more expensive than conventional fossil-derived jet fuels but can reduce carbon dioxide emissions by 60-70%. — People in this industry are looking for ways …
(Macau Hub) The production of biofuel from Jatropha mollissima “is something to forget,” said Almirante Dima, the deputy national director of Hydrocarbons and Energy at the Ministry of Mineral Resources and Energy of Mozambique.
Dima explained …
by Patrick C. Miller (Ethanol Producer Magazine) Is the growth in shale oil production a potential boost for ethanol? The theory goes that because the light crude produced from fracked shale produces lower-octane gasoline, greater oil …
by Meghan Sapp (Biofuels Digest) In Virginia, researchers from Virginia Tech University have determined that 52% of advanced biofuels facilities were already closed in 2015 and have determined a list of 23 barriers that could …
by Steve Rosvold (KRM Business Solutions/Ethanol Producer Magazine) When it comes to margin and risk management, ethanol producers have difficult and unique choices. In most commodity processing industries, the output price is highly correlated to input price.
…
The …
by Paul R. La Monica (CNN Money) Oil prices are down so far this year — and so are energy stocks. But some experts think that won’t last for long. President Trump is clearly a fan of …
(Netzwerk Biotreibstoffe) This IEA Bioenergy report provides an international update on the status and prospects for using microalgae and macroalgae as feedstocks for producing biofuels and bioenergy products. The report’s scope covers algae-based options for …
by Douglas L. Faulkner (Biofuels Digest) Robert McNally, the author of the new, critically-acclaimed book, “Crude Volatility: The History and the Future of Boom-Bust Oil Prices”, believes that global oil markets are entering an epic, structural …
by Darren Fishell (Bangor Daily News) The company EMEP LLC wants to buy the shuttered East Millinocket paper mill to build a biorefinery that it said would be a centerpiece of a larger $240 million …
by Jim Talent (Americans for Energy Security and Innovation/Belleville News-Democrat) When Illinois farmers sell wheat, rye or oats on the open market, they can rightly expect that supply and demand will set the price, with …
by Tsvetana Paraskova (OilPrice.com) … Although this view that low-cost producers would try to seize more market share comes from an oil major with significant interests in Russia and Iraq, for example, BP may not be …
by Phillimon Mhlanga (All Africa) Zimbabwe’s major fuel retailers have raised fuel prices by at least US$0,04 a litre due to a serious shortage of anhydrous ethanol in the country and a surge in international petroleum …
by Anthony Adragna (Politico’s Morning Energy) Squeezed budgets from low oil prices since mid-2014, combined with rising energy demand, will boost demand for renewable energy and efficiency technologies across the Middle East, according to a …
by Nick Cunningham (OilPrice.com) … Speaking at the National Oil-equipment Manufacturers and Delegates Society (NOMADS) in Houston a few months ago, IHS Markit’s associate direct for Plays and Basins, Reed Olmstead, poked holes in the notion …
by Ron Kotrba (Biomass Magazine) The U.S. Government Accountability Office issued two reports Nov. 28 suggesting that the renewable fuel standard (RFS) program is unlikely to meet its targets for reducing greenhouse gas (GHG) emissions and expanding …
(U.S. Government Accountability Office) The Renewable Fuel Standard program calls for greater use of advanced biofuels—fuel made from waste fats and oils or crop residues, for example—in the transportation fuel supply through 2022.
Yet, there is …
by Amanda Cooper (Reuters) The International Energy Agency expects global oil consumption to peak no sooner than 2040, leaving its long-term forecasts for supply and demand unchanged despite the 2015 Paris Climate Change Agreement entering into …
by Jim Talent (The Hill/Americans for Energy Security and Innovation) According to the Wall Street Journal, the “U.S. is on track this year to post the longest stretch of falling food prices in more than …
by Geoffrey Smith (Fortune) The U.S. can realize President-elect Donald Trump’s dream of independence from foreign oil “foes” and “cartels”–but he likely won’t live to see it unless he embraces the kinds of policies he’s …
(Renewable Fuels Association) Millions of Americans preparing for Thanksgiving next week are undoubtedly noticing that dinner will cost less than it did a year ago. According to the U.S. Department of Agriculture, overall grocery prices …
by Rick Uldricks and Hudson Councilman Casey Weinstein (Twinsburg Patch) In truth, when it comes to energy security, there is good news to be found, but not at the bottom of a well. — Fossil fuel boosters …
by Bob Dinneen (Renewable Fuels Association/Boston Herald) … But relying upon fracking for our energy future is dangerous on two fronts. For one, reasonable oil supplies are finite and expensive. And lower oil prices …
by Neil A. Belson (LeafPro Bioproducts/Biofuels Digest) … Despite its potential benefits and some very real achievements, the biobased economy has overall progressed more slowly than many had hoped. There are several reasons for this slow progress. …
by Jens Flottau (Aviation Week) When the International Civil Aviation Organization (ICAO) announced in early October that its general assembly had reached agreement on the Carbon Offset and Reduction Scheme for International Aviation (Corsia), the …
by Tom DiChristopher (CNBC) Hillary Clinton said during the second presidential debate on Sunday that the United States has achieved energy independence, but the country still imports millions of barrels a day of oil and petroleum …
by Philip Brasher (Agri-Pulse) Production of biofuels and biobased products such as plant-derived plastics already support 4.2 million jobs, but the industry’s future growth rate depends in part on oil prices and the availability of new …
(Grand View Research/PR Newswire) The global white biotechnology market is expected to reach USD 487.08 billion by 2024, according to a new report by Grand View Research, Inc. Rising awareness and emphasis for the adoption of greener …
by Anne Steckel (National Biodiesel Board/The Hill) Headlines tell us the world is awash with oil. Gas costs less than bottled water in many places, and petroleum markets are in a prolonged slump that’s wreaking …
(Globe Newswire/ResearchMoz) Across the world, there has been an unprecedented interest in biofuels over the past decade. The main reason for this is the volatility in crude oil prices, which is affecting the economic condition …
by Shoaib-ur-Rehman Siddiqui (Business Recorder) State-controlled Brazilian oil company Petroleo Brasileiro SA is considering lowering wholesale gasoline and diesel prices by year-end, which would be the first time since September 2015, O Globo newspaper …
(VN Express International) The government continues to miss its targets for the cleaner, cassava-based fuel. State-owned fuel giant PetroVietnam has asked the government for tax support to save its new biofuel business from going bankrupt due …
by Jim Lane and Ron Cascone (Biofuels Digest/NEXANT) Recently, we held a popular webinar on Renewables and the Advanced Bioeconomy with NEXANT principal Ron Cascone, for which you can see the slides here.
During the webinar, we received …
by Eugene Gerden (Ethanol Producer Magazine) Impending tax abolishment to provide the impetus for the development of Russian ethanol industry. — Plans to lift a hefty excise tax on fuel ethanol by the Russian government are …
by Jim Lane (Biofuels Digest) In Pennsylvania, Bill Gates is leading the latest investment round into the pioneering cellulosic sugars producer Renmatix as energy giant Total joins in with second investment and a 1 million …
by Rebecca Penty (Bloomberg) Rate of 21% in 2015 compares to average of 59% previously; Bankruptcies so far this year are double last year’s total — U.S. oil bankruptcies haven’t been this “catastrophic” for lenders in …
by Steven Mufson (The Washington Post) The much-anticipated rebalancing of oil markets appears to be a bit further away after the International Energy Agency revised its forecast, trimming its expectations for the growth in oil …
by Scott Goss (The News Journal) … Now the rather smelly, colorless liquid is poised to become the cornerstone of a Delaware startup that is seeking to revolutionize the biochemical industry and even possibly — maybe someday — upend …
by Jim Lane (Biofuels Digest) This season, The Digest is hosting the Strategic Intent webinar series, looking at the plans, progress and future milestones of strategic stakeholders in the Advanced Bioeconomy.
In this slide deck, we looked at …
by Jim Talent (The American Spectator) The case for alternative energy done right. — … No other policy has so effectively undermined the international oil cartel that seeks to profit from our dependence on oil.
Today, ethanol …
by Jim Lane (Biofuels Digest) … There’s a separate category of RINs for advanced biofuels. These are fuels that have at least a 50% reduction in fossil fuels compared to 2005 baseline gasoline. Overall, to qualify …
by Meghan Sapp (Biofuels Digest) In Washington, the World Bank’s most recent Commodities Markets Outlook says lower energy prices have also eased pressures to produce biofuels as an alternative energy source. Biofuels production has been …
by Andrea Kent (Globe and Mail/Renewable Industries Canada) Re Zero emissions bio-fuel myth ignores environmental costs of production(July 31): Gwyn Morgan says biofuels aren’t greener than fossil fuels and affect food supplies and prices. Really?
Mr. …
by David Carey, Laura J Keller, Meenal Vamburkar (Bloomberg) Buyout firms target soured loans with eye on taking ownership; Drillers unload assets to stay afloat as cash crunch deepens — … Deals are picking up for a few key reasons. …
by Lorenz Bauer (Lee-Enterprises Consulting/Biofuels Digest) Recent declines in oil prices and the failure of start-up biofuel processes to meet production cost targets have increased the interest in producing value added chemicals from biomass as coproducts. …
by Ryan Strickland (Ethanol Producer Magazine/Eco-Energy) It’s a big world out there and ethanol is primed to explore it—finding new markets through competitive pricing, high octane and low-carbon advantages that no other fuel on the …
(U.S. Energy Information Administration) Despite increases in crude oil prices since the start of the year, employment in oil and natural gas extraction and support activities continued declining from levels reached in the fall of …
(ReportsnReports.com/PR Newswire) The global aviation fuel market 2016-2020 research report says impact of falling crude oil prices on aviation turbine fuel is leading to the growth of this market with the last one and half …
(Biofuels International) … The World Bank report also stated: “Given the energy intensive nature of agriculture, lower energy prices will help reduce the cost of producing food commodities.
“They will also ease policy pressures to encourage production …
by John Siciliano (Washington Times) The World Bank said Tuesday (July 26, 2016) that low oil prices have hurt demand for renewable fuel.
Even while the bank’s latest commodity outlook is raising its oil price projections …
by Jim Lane (Biofuels Digest) As Irshad Ahmed observed recently in The Digest, “until such time that we internalize the true life-cycle costs of extracting and using fossil fuels, and distinguishing fossil-BTUs from bio-BUTs, we will …
by Javier Blas (Bloomberg) BP says second-quarter refining margins drop to 6-year low; Downstream business was key last year in cushioning cheap oil — If Big Oil was a two-engine airplane, you could say it’s been flying …
by Morteza Soleymannezhad (Forbes) Biofuel analysts usually tend to focus more on the gasoline-corn price relationship and less on the oil-corn price relationship. In this article I illuminate one of the unintended implications of the …
by Ed Dodge (Biofuels Digest) In Washington, a commercialization panel said that “the biofuels industry has been through a tough couple of years, but the survivors are scaling up and bringing product to market. The …
by Jim Lane (Biofuels Digest) A Digest reader writes: I’m looking to summarize the changes over the last 2-3 years in the biofuels market. Are you aware of any articles or summaries on this topic? It’s a …
by William Feehery (The Hill/DuPont Industrial Biosciences) … One of the most vital and immediate tools at our disposal in the campaign for energy independence is renewable fuel. It is the only technology that can …
by Yuthana Priawan (Bangkok Post) More adulterated fuel sold as oil gets cheaper. — A substantial rise in fuel consumption as the oil price collapsed has coincided with a rise in the sale of adulterated …
by Brad Plumer (Vox) A new energy era is upon us: For the first time since 1979, America’s cars, trucks, and airplanes emit more carbon dioxide than its power plants do. … The story here is that …
by Fabiana Batista (Bloomberg) Parente signals end of government-subsidized gasoline prices; Higher gasoline costs likely to spark demand for biofuel — … Pedro Parente, who was sworn in as the head of Brazil’s state-owned oil producer this month, …
by Brian Murphy (The Washington Post) … When Saudi Arabia’s deputy crown prince, Mohammad bin Salman, begins meetings this week in Washington and New York, he will be pitching an audacious idea: How the kingdom …
by Lydia DePillis (Houston Chronicle) Rigs can run with fewer people now, so they won’t need to be re-hired. — … A “full recovery” would do wonders for the economy of Houston and Texas as a whole.
As …
by David Bennett (Delta Farm Press) Surrounded by educational posters and a large dry board full of mathematical equations, Kevin Humphrey sits explaining how the biodiesel lab in adjacent rooms came to be.
“I’ve been here …
by Amy Harder and Erin Ailworth (The Wall Street Journal) Many major fossil-fuel projects across the U.S., from pipelines to export terminals, have been shelved or significantly delayed because of a confluence of new regulations, …
by Isaac Orr (Quad City Times/The Heartland Institute) … Many of the agriculture-related policy discussions taking place in the nation’s capital focus on how corn farmers will be hurt by the biofuel mandate because RFS …
by Ernest Scheyder (Reuters) The fracking party is over, and a quiet desperation has descended on the state’s once-booming communities and the thousands of people who were drawn to them. — … But the price …
by Laura Blewitt (Bloomberg) Federally mandated ethanol blending is adding extra pressure to the faltering profits of U.S. refiners.
The worst crude oil downturn in a generation, which at first helped refiners’ profits, has now passed through …
by Rich Smith (The Motley Fool) … The beef tallow being used today, however, costs just $2.05 per gallon, making it cheaper than the $2.76 per gallon that the Defense Logistics Agency pays for F-76. A …
by Jim Talent (Americans for Energy Security and Innovation/The Hill) Opponents of the Renewable Fuel Standard (RFS) claim that the free hand of an unrestricted marketplace will guide biofuels into our fuel supply, driving economic …
by Terry Macalister (The Guardian) Business models employed by multinationals such as Shell and BP are no longer fit for purpose, warns energy expert — … Paul Stephens, a fellow at Chatham House thinktank, said in a …
by Christian Ridley (The Epoch Times) Algal biofuels are in trouble. This alternative fuel source could help reduce overall carbon emissions without taking land from food production, like many crop-based biofuels do. But several major companies including …
by Javier Blas (Bloomberg) Petrochemical earnings accounted for 75% of Exxon’s net income; Oil executives see future for chemicals beyond crude rout — Big Oil is suddenly Big Chemical. For years, the business of turning gas and crude …
(Carbon Tracker) The upstream assets of the world’s seven largest privately owned listed oil and gas companies could collectively be worth $100 billion more if they aligned their investment plans with the 2˚C target, a …
by Jim Lane (Biofuels Digest) With oil prices continued to roil markets, this deck on the oil price environment for 2016, presented by Raymond James senior vice-president Pavel Molchanov at the 2016 ABLC meeting, is …
by Timothy Cama, Julian Hattem and Devin Henry (The Hill) … The oil industry and its supporters in Congress still have a long wish list. The federal ethanol blending mandate continues to anger oil refiners, …
(Seeking Alpha) Ethanol producers are battling with narrowing margins and excess supply. The industry faces uncertain regulatory support and relatively mild near-term gasoline demand growth amid increasing supply. This suggests a challenging near-term outlook for the industry.
…
Despite …
by Nick Cunningham (OilPrice.com) Global supply still exceeds demand, but there are solid signs that the overhang is finally starting to ease. Storage levels are high, but are expected to come down.
Where does that leave …
(Omah.com/Bloomberg) At the Plymouth Energy plant in the heart of the U.S. Corn Belt — where homegrown fuel from grain was supposed to ease American dependence on foreign oil — every drop of ethanol goes …
by Alan Neuhauser (US News and World Report) America’s fracking boom promised big paychecks, but thousands of workers were exploited, the Labor Department says. — … Despite booming industry profits and record oil and gas output …
by Jim Lane (Biofuels Digest) … In short, renewable fuels has reached a crisis of growth in the United States — years of expansion have halted, and everyone is entitled to ask why. … Let’s look …
by Jim Lane (Biofuels Digest) … It’s been a couple of years since we visited REG and the difference is palpable. The company has become a little ADM, rather than a big Amyris or TerraVia. You …
by Jim Lane (Biofuels Digest) First commercial test flight with Alaska Airlines comes closer
In Colorado, ASTM International Committee D02 on Petroleum Products, Liquid Fuels, and Lubricants and Subcommittee D02.J on Aviation Fuel passed a concurrent …
by Zac Auter (Gallup) Seventy-three percent of Americans say they prefer emphasizing alternative energy, rather than gas and oil production, as the solution to the nation’s energy problems. This marks the highest percentage of Americans …
by Alex Nussbaum and Michael Roschnotti (Bloomberg Business) Bludgeoned by falling energy prices, at least a dozen oil and natural gas companies have opted to cut dividends this year to preserve cash, cannibalizing payouts considered sacrosanct by …
(Environmental Compliance News) … Americans should not misunderstand the current state of domestic production, foreign production, international economics, and low prices, according to Brooke Coleman, executive director of the Advanced Biofuels Business Council.
“Oil dependence is …
(Agricultural & Applied Economics Association/Ethanol Producer Magazine) … Just last year the USA Today and Chicago Tribune called for an end to the mandate that was created, in part, to reduce the country’s reliance on foreign …
(Morgan Stanley) As the world embraces a low-carbon economy, should investors change how they view fossil fuel investments? — … Most investors interested in establishing a fossil-fuel aware portfolio can follow a four step roadmap to …
by David MacNeal (Ars Technica) The facility smell? “That’s money,” Todd French says. “That’s what it smells like.” — “By the time it gets here, David, it’s no longer my poop,” says microbiologist Todd French …
(Global Renewable Fuels Alliance/Ethanol Producer Magazine) Bliss Baker, the president of the Global Renewable Fuels Alliance, recently called upon national leaders to take advantage of the low price and abundant stockpiles of crude oil to …
by Susanne Retka Schill (Ethanol Producer Magazine) … Held Feb. 15 to 17 in New Orleans, the NEC painted a strong future for the ethanol industry in the speakers addressing the conference theme, “Fueling a High …
by Mike Bryan (Ethanol Producer Magazine) With the technology we have today, it’s a disgrace that we still largely depend on oil as our main source of energy, writes Mike Bryan. … The oil industry is …
Editorial by Joanne Ivancic* (Advanced Biofuels USA) “Europe should promote the development of home-grown alternatives to imported oil and gas,” according to former NATO Secretary General Anders Fogh Rasmussen, who was Danish Prime Minister from November …
For Immediate Release February 12, 2016—Frederick, MD Advanced Biofuels USA correspondent Robert E. Kozak analyses the potential for a reinvigorated US shale oil/gas industry with and without government subsidies; and compares it to the potential for near-term …
by Mario Parker (Bloomberg/Chicago Tribune) The cheapest crude oil prices in 12 years could spark a wave of ethanol industry mergers in 2016, Green Plains Inc., a producer of the biofuel, said Thursday.
So far this …
Efforts to promote a sustainable use of natural resources are not a waste of money, but rather an investment capable of providing other economic benefits in the medium term. If we look at the larger …
by Susanne Retka Schill (Ethanol Producer Magazine) Ethanol continues to maintain its status as the low-cost octane enhancer, in spite of low oil prices reducing the cost of competing petroleum-based aromatics. The biggest threat, say …
by Richard Martin and Michael Reilly (MIT Technology Review) The U.S. Navy is touting its “Great Green Fleet,” but why haven’t biofuels made a bigger splash despite a decade of hype and investment?
…
The mandates outlined …
by Jim Lane (Biofuels Digest) … So, how fast did petroleum expand production, in comparison to low-carbon renewable fuels? … One thing is clear, renewable fuels are moving fast, by comparison. From 1866 through 1899 (a year …
by Nick Cunningham (OilPrice.com) Oilprice.com recently spoke with Carl Larry, Director of Oil and Gas at Frost & Sullivan, a consultancy that conducts research on oil and gas markets, to get his thoughts on the …
(Reuters/Business Times) Ethanol producers may feel less pain from sinking oil prices than in previous tough times, as a government rule ensures a minimum use of the biofuel and recent consolidation gives them both financial …
by Jim Lane (Biofuels Digest) $2.05 per gallon for drop-in, non-food advanced biofuels blends. Who would have thought it possible a few years ago. Well, the Navy for one. Their remarkable vision results in Carrier Strike …
by Isaac Khisa (The Independent) … In the past few years, the firm (Kakira Sugar Ltd, a unit of Madhvani Group) invested heavily in expanding cane crushing and power generation. Now, the ambitious sugar plant is …
by Susanne Retka Schill (Ethanol Producer Magazine) After a decade of ethanol mostly being priced lower than gasoline, the ethanol/gasoline price ratio has been above 1.0 for the past four months. “The hefty premium of ethanol …
by Anuradha Raghu and Yoga Rusmana (Bloomberg Business) Crude oil’s slump has been so severe that it’s now threatening the government-aided biodiesel programs in the world’s top producers of palm oil.
Indonesia may miss its target of …
by Dan Murtaugh and Javier Blas (Bloomberg/msn.com) Oil is so plentiful and cheap in the U.S. that at least one buyer says it would need to be paid to take a certain type of low-quality crude.
Flint …
by Naveen Thukral (Reuters) The world’s top palm oil producers Indonesia and Malaysia may have to curb plans to channel more of the commodity into biodiesel as tumbling crude oil prices render the edible oil …
by Dan Freed (Reuters) U.S. banks exposed to energy-related loans will need to set aside even more money than previously expected to cover potential losses as oil prices near 12-year lows. Earlier on Wednesday, BOK …
by Erin Voegele (Ethanol Producer Magazine) … Renewable Fuels Association President and CEO Bob Dinneen has spoken out to reject (American Petroleum Institute President and CEO Jack) Gerard’s claims. “I’m not sure what reality Jack is …
by Katherine Long (Seattle Times) Four years after the University of Washington received a $40 million federal grant to kick-start a biofuels industry in the Northwest, scientists have made great progress, but plans are lagging, …
by Mario Parker (Bloomberg Business) … Spot biodiesel prices have jumped at least 10 percent because of moves in Washington since Nov. 30, when the Obama administration increased consumption targets for the fuel. About three weeks later, …
by Ron Kotrba (Biomass Magazine) Alternative energy companies typically prosper when oil prices are high, but it’s not all doom and gloom when the cost of crude nosedives.
…
So what does all this mean for the …
by Jim Lane (Biofuels Digest) A mere “The Year in Rewind” as we reach the end of 2015? Not the good ship Digest! Instead, we dust off our crystal ball and peer into tomorrowland.
As the …
by Karolin Schaps and Ron Bousso (Reuters) With crude prices at 11-year lows, the world’s biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more …
by Tom Ewing (Renewable Energy World) As oil prices plummet, are drop-in aviation biofuel refineries ever going to be built? — In September 2014, the Department of Energy (DOE), along with the Departments of the …
by David Shepardson and Paul Lienert (Reuters) Surging demand for trucks and SUVs fueled by cheap gasoline is holding back improvements in U.S. fuel economy and greenhouse gas emissions, a government report due out on …
by Charles Komanoff (Carbon Tax Center) … The average price of gas sold in the U.S. over the past ten months is 25 percent below last year’s price — the steepest drop in at least 70 …
(KEYC) The cost for a gallon of standard gasoline has fallen beneath the price for a gallon of E–85.
And while some may see this as a blow to the ethanol industry, producers of the fuel are …
(Platts) Biodiesel premiums to the underlying ICE gasoil futures in Europe rose steeply Monday, as energy prices tumbled further after Friday’s OPEC meeting, and supported by high feedstock prices.
The RED RME premium Monday hit its …
(CBC News) ‘It says something really about the horrible human impact of what’s happening in the economy,’ counsellor says — The suicide rate in Alberta has increased dramatically in the wake of mounting job losses …
by Jim Lane (Biofuels Digest) …Are high prices good for renewable fuels? The hard data actually goes the other way. The Digest investigates. … What we can see from the following chart is confirmation that …
by Michael McAdams (Advanced Biofuels Association/Biomass Magazine) To say that 2015 was an overall disappointment for the biofuels industry would be an understatement. With the price of oil hovering from the high $30s to the …
(GreenAir Online) A pioneering industry partnership between British Airways and Solena Fuels to build a facility to the east of London that would convert municipal solid waste (MSW) to around 16 million gallons of sustainable …
by Charles Kennedy (Oilprice.com) Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again raising the possibility of oil dipping into …
by Melissa Pariettin(MSN.com) … Many factors determine the price of food in the U.S. If the introduction of the RFS (Renewable Fuel Standard) had as significant an impact on food prices as certain outlets have suggested, …
by Anna Hirtenstein (Bloomberg Business) Renmatix Inc., a U.S. maker of technology for cellulosic biomaterials, will develop its first commercial biorefinery next year.
The refinery will be commissioned by one of the company’s undisclosed partners and will …
(Bloomberg/McClatchy-Tribune/Star Tribune) Low prices at the gas pump have put a persistent squeeze on Midwest ethanol producers, but most are staying profitable.
Of eight Minnesota-affiliated ethanol producers tracked by the Star Tribune, all but one made …
by Geoff Cooper (Renewable Fuels Association) One of the oil industry’s favorite talking points in its campaign to repeal the Renewable Fuel Standard (RFS) is the argument that “gasoline demand is falling,” and thus refiners …
by Scott Irwin (University of Illinois/FarmDocDaily) A recent farmdoc daily article (August 19, 2015) documented that real (inflation-adjusted) prices of crude of oil and gasoline have recently fallen all the way back to levels prevailing …
by Ryan Fitzpatrick (Third Way) Although relatively obscure by Washington standards, the Renewable Fuel Standard (RFS) carries a unique level of importance and visibility in many rural states. The fact that the RFS invariably becomes …
(Ship & Bunker) U.S.-based E. I. du Pont de Nemours and Company (DuPont) says that biofuels derived from agricultural waste will not be competitive against conventional fuels until oil rises to $70 to$80 per barrel, …
by Jarrett Renshaw and Catherine Ngai (Reuters) … North Dakota’s Bakken production peaked at 1.153 million barrels per day in June, and had fallen to 1.13 million barrels per day by August, according to state data.
The …
