Archive for August 2023
Falling RIN Prices
The actual price (gold) and model price (black) agreed closely in the first half of 2022. Then the model began a steady downtrend to half its peak level. The actual market price has followed this trend with a lag and a much lower slope, forming a growing gap between the theoretical and actual prices.
Read MoreSulfur Credit Strategy Pays Off For Refiners
The price of the Tier 3 gasoline sulfur credits has increased 12-fold in the last two years, and the impacts have been showing up in refining companies’ earnings. Four years ago, Dave Lamp, CEO of CVR Energy Inc., spoke about CVR’s Tier 3 strategy in their 2nd quarter 2019 earnings conference call: Dave Lamp, answering…
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