Demand Crash Hit U.S. Refiners With Surging Biofuel Blending Costs

OilPrice.com | Aug 11, 2020 at 3:30 PM
  • Under the Renewable Fuel Standard (RFS), oil refiners are required to blend growing amounts of renewable fuels into gasoline and diesel.
  • Refiners that don’t have the infrastructure to blend biofuels must purchase tradeable blending credits known as Renewable Identification Numbers, or RINs.