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Secretary of Energy, oil CEOs discuss relaxing sulfur specs?
By Hoekstra Trading LLC |
In Valero Energy's earnings conference call yesterday, analyst Jason Gabelman asked about the June 23, 2022 meeting between refining executives ...
Read More A RIN is a tax and a subsidy that forces renewables into fuels Part 4 – A new perspective on RINs – the tax-subsidy interpretation
By Hoekstra Trading LLC |
Summary This is a four-part blog series describing the renewable identification number (RIN) as a tax (part 1) and a ...
Read More Constipated refineries
By Hoekstra Trading LLC |
Recently, it was reported that PBF Energy is considering restarting some secondary units at is partially-idled refinery in Paulsboro, New ...
Read More Refining earnings news signals Tier 3 margin squeeze
By Hoekstra Trading LLC |
Some news from recent refining earnings reports: Cenovus (CVE) reports low refining profitability Cenovus attributed low 4th quarter refining profits ...
Read More Capturing RIN trading profits by theoretical price modeling
By Hoekstra Trading LLC |
On December 14, 2021, Hoekstra Trading notified our clients of a RIN credit spread trading opportunity which is indicated by ...
Read More When are two catalysts really different?
By Hoekstra Trading LLC |
When testing catalysts, we always dedicate one of the four reactors to a reference catalyst sample, to determine the margin ...
Read More An update on the MPC-PSX stock price spread
By Hoekstra Trading LLC |
Six weeks ago, this comparison of Marathon Petroleum Corp (MPC - green) and Phillips 66 (PSX -red) 2021 stock price ...
Read More Stretching catalyst performance claims
By Hoekstra Trading LLC |
One reason refiners want independent catalyst testing is they sometimes get burned by exaggerated vendor claims on catalyst performance. Here ...
Read More Accurate modeling of RIN prices
By Hoekstra Trading LLC |
The Hoekstra IMS RIN price spreadsheet model accurately tracked the D4 RIN price during 2021. The green data points are ...
Read More Catalyst performance claims — perception or reality?
By Hoekstra Trading LLC |
Hydrotreating catalysts from 2000 to 2010: From 2000 to 2010, hydrotreating catalysts evolved in step-wise fashion, with dozens of new ...
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