NEW YORK, Aug 10 (Reuters) - U.S. crude oil production is expected to fall by 160,000 barrels per day (bpd) in 2021 to 11.12 million bpd, the U.S. Energy Information Administration (EIA) said in a monthly report on Tuesday, a smaller decline than its previous forecast for a drop of 210,000 bpd. Oil prices have rebounded from the historic lows…
U.S. biodiesel production reached 159 million gallons in December 2020, up from 151 million gallons the previous month and up from 133 million gallons in December 2019, according to data released by the U.S. Energy Information Administration on Feb. 26. Production came from 85 biodiesel plants with a combined capacity of 2.5 billion gallons per year. Production for the full…
After a lengthy review, the U.S. Department of Commerce decided this week to leave duties in place on biodiesel imports from Argentina. Argentina's biodiesel industry received a second look from the U.S. Commerce Department in November 2018, on its decision to penalize the country's biodiesel exports to the United States with antidumping and countervailing duties. Such a review typically takes…
The U.S. EPA released its final rule for the 2020 Renewable Fuel Standard and biomass-based diesel volumes for 2021. Disappointingly, the agency left the 2021 biomass-based diesel volumes at 2020 levels, or 2.43 billion gallons, while slightly increasing the 2020 advanced biofuel targets from its proposed 5.04 billion ethanol-equivalent gallons to 5.09 billion gallons - but this only provides growth…