UK Ouput Growth Outpaces Norwegian Declines

In the next twelve months, UK crude and condensate production is expected to rise by over 100,000 b/d and approach 1.1 million b/d as a number of major new projects ramp up. Meanwhile, Norway’s output is expected to keep falling by an additional 40,000 b/d to an average of roughly 1.5 million b/d. On balance, North Sea supply will rise by roughly 50,000 b/d to 2.7 million b/d,

2020 BBD Target Insulates Biodiesel

A sharp increase in the RFS target volume for biomass-based diesel in 2020 is both surprising and good news for biodiesel producers. Even though more was blended in 2017, small refinery waivers and E15 threaten demand for surplus biodiesel to fill volume deficits in other advanced and conventional biofuel categories. A higher 2020 target ensures biodiesel blending for RFS will remain high