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ANP reduz mescla de etanol e biodiesel no RS

  • Spanish Market: Biofuels, Freight, Oil products
  • 06/05/24

A Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP) diminuiu, temporariamente, a mistura obrigatória de etanol e biodiesel no Rio Grande do Sul por 30 dias, a partir de 3 de maio, em meio a enchentes catastróficas no estado.

O mix de etanol anidro na gasolina caiu dos atuais 27pc para 21pc, enquanto o do biodiesel no diesel S10 está agora em 2pc, queda em relação à porcentagem vigente de 14pc.

Também de forma temporária, a agência suspendeu a necessidade de mistura para o diesel S500.

A ANP informou que pode revisar os prazos da medida dependendo das condições de abastecimento no estado.

As chuvas no Rio Grande do Sul bloquearam rodovias e ferrovias que transportam os biocombustíveis para centros de distribuição, como Esteio e Canoas.

O fornecimento de combustíveis fósseis pela ligação dutoviária da refinaria Alberto Pasqualini (Refap) às outras bases de distribuição do entorno não foi comprometido, afirmou a ANP.

As enchentes no estado já deixaram pelo menos 83 mortos e 111 desaparecidos, de acordo com o governo local. Mais de 23.000 pessoas tiveram que deixar suas casas e cerca de 330 cidades estão em situação de calamidade pública.


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US Senate bill would cut extra subsidy for SAF


16/06/25
16/06/25

US Senate bill would cut extra subsidy for SAF

New York, 16 June (Argus) — The US Senate tax-writing committee is proposing cutting a tax credit's extra subsidy for low-carbon jet fuels over road fuels and introducing less-restrictive limits on foreign biofuel feedstocks, major shifts from current law and the House version of the bill. Republicans have planned to use a far-reaching budget bill this year to alter climate policies from the Inflation Reduction Act, which created a new tax credit for clean fuel producers known as "45Z". The House passed its version of the bill last month, which would have kept the general structure of that incentive — upping fuel subsidies as emissions fall — and extended the incentive by four additional years through 2031. The credit took effect this year. But the Senate Finance Committee in draft language released Monday floated its own changes, suggesting that Republican lawmakers are not yet aligned on how to alter the subsidy just weeks before President Donald Trump has pushed lawmakers to pass the major bill into law. The Senate draft proposes offering a maximum subsidy of $1/USG for all fuels based on their carbon intensities starting next year. The House made no changes to that part of the law, which currently offers road fuels up to $1/USG and sustainable aviation fuel (SAF) up to $1.75/USG, plus inflation adjustments for all types of fuel. That change would reduce the incentive's upfront costs — potentially alleviating concerns among some conservative lawmakers that the bill would add to the budget deficit — but could reduce alternative fuel availability for airlines and upend many refiners' plans to convert more renewable diesel output to SAF. "We have always supported tech-neutral biofuel incentives and at first blush the Senate draft seems to be moving toward making 45Z truly tech-neutral," said David Fialkov, executive vice president of government affairs at the National Association of Truck Stop Operators, which had opposed treating aviation fuels differently than road fuels. The Senate proposal would also scrap a provision in the House bill that starting next year would restrict eligibility to fuels derived from North American feedstocks. Instead, the Senate committee has proposed cutting subsidies for fuels from foreign feedstocks by 20pc while still allowing them some credit. That change would provide more flexibility than the House bill to refineries that have scaled up biofuel production in recent years by relying on foreign inputs like used cooking oil and tallow. The Senate draft is just a proposal and could be changed. Both bills notably would extend 45Z and prevent regulators from considering indirect land use change emissions. By Cole Martin Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

US biofuel feed prices jump on blending plan


16/06/25
16/06/25

US biofuel feed prices jump on blending plan

Houston, 16 June (Argus) — Prices for US biofuel feedstocks have risen sharply since the US Environmental Protection Agency (EPA) late last week proposed ambitious biofuel blending targets for the next two years along with lower incentives for using foreign feedstocks. Futures prices for soybean oil, the most widely used input for biodiesel production, have led the feedstock gains as the market prices in potentially higher demand. The Nymex front-month contract for soybean oil rose by 6.3pc on 13 June and by an additional 7.8pc on Monday to 54.6¢/lb, the highest since October 2023. The proposed targets , released on 13 June, would mandate that an equivalent amount of 5.61bn USG of biomass-based diesel be blended in 2026 and 5.86bn USG in 2027. The proposed volumes exceeded most market expectations and industry requests of 5.25bn USG and were significantly higher than the current-year mandate of 3.35bn USG, fueling expectations for increased biofuel feedstocks demand. In addition, domestic feedstocks may face reduced competition from foreign feedstocks under the proposal, which would cut federal Renewable Identification Number (RIN) credit generation by 50pc for imported biofuels or fuels produced from foreign feedstocks. Biomass-based diesel D4 RINs for the current year rallied Monday morning, trading between 127-132¢/RIN, up significantly from Friday's close of 109¢/RIN. Used cooking oil (UCO) railcar volumes to the US Gulf coast were reported trading at 59¢/lb early Monday morning, a 3.5pc jump from Friday's closing price of 57¢/lb, with additional selling interest emerging in the 60s¢/lb. UCO offers for volumes into California were noted in the high 60s¢/lb, up from last week's close in the high 50s¢/lb. Distillers corn oil (DCO) fob truck volumes in the Midwest traded at 61¢/lb on Monday morning, reflecting a 9pc jump from Friday's close of 56¢/lb. Poultry fat fob truck volumes in the southeast were offered in the low 50s¢/lb, up from last week's closing levels in the low 40s¢/lb, but buying interest has not emerged at those levels. Activity for other renewable feedstocks remains limited for now, but market participants anticipate increased trading later this week, driven by the recent proposal and gains in futures markets. The EPA proposal is currently in an open comment period, with a public hearing scheduled for 8 July. By Payne Williams and Jamuna Gautam Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

VLCC rates jump on Mideast Gulf disruptions


16/06/25
16/06/25

VLCC rates jump on Mideast Gulf disruptions

London, 16 June (Argus) — Freight rates for very large crude carriers (VLCC)in the Mideast Gulf soared today to the highest since the start of May, as the escalating conflict between Israel and Iran creates significant turbulence in the shipping market. Rates were near a 2025-low as recently as 12 June, the day before the conflict began. Violence continued over the weekend, including a strike on Israel's 197,000 b/d Haifa refinery and against gas treatment facilities in southern Iran. Shipowners have become increasingly reluctant to operate in the Mideast Gulf and there are indications that marine insurers are considering implementing an additional war risk premium (AWRP) in the coming days. This would lead to significantly higher freight costs. The shortage of willing shipowners has driven the Mideast Gulf to east Asia rate, the bellwether VLCC route, up by nearly 60pc, to WS67.5 or $15.78/t today from WS44 or $10.28/t on Thursday, 12 June. In addition to rising rates, vessel speeds throughout the Mideast Gulf region appear to be slowing as shipowners hesitate before committing to a booking. Fixing activity has been minimal, with shipowners reluctant to commit to any deal within the Mideast Gulf evem at higher rates. Charterers have made at least eight VLCC cargoes available and all are struggling to find a tanker. But rising rates could make shipowners increasingly likely to commit to bookings, and so fixing activity could resume shortly. VLCC markets in other regions are surging as well, as charterers hike their bids to pull shipowners away from the Mideast Gulf market. A charterer in Brazil wrapped up a fixture at WS62, considerably higher than previous market conditions. The market has been certainly been inflated by concerns around the Israel-Iran conflict and a ceasefire would probably drop the cost of freight back to previous levels. During previous flare ups of tension, the VLCC market has usually firmed rapidly in the early stages but then quickly declined once a ceasefire is declared. By John Ollett and Rhys van Dinther Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Climate plans so far fall short on fossil fuels: E3G


16/06/25
16/06/25

Climate plans so far fall short on fossil fuels: E3G

Edinburgh, 16 June (Argus) — Only 10 of the 22 new nationally determined contributions (NDCs) — climate plans — submitted so far have reaffirmed commitments relating to phasing down coal power or transitioning away from fossil fuels, think-tank E3G said today. These mostly fall short of the goal of the Paris Agreement, it said, and it called on UN Cop 30 climate summit host Brazil to turn "signal into substance". NDCs from Japan, Singapore and Moldova mention the priorities of phasing down coal and transitioning away from fossil fuels, two key outcomes under the UN climate body UNFCCC's first global stocktake (GST) agreed at Cop 28 in Dubai. The GST, an assessment of climate action progress under the Paris Agreement, included an historic call to transition away from fossil fuels. But very little progress has been made on its implementation so far. The UAE in its new NDC stipulates that it "integrates the outcomes of the GST", while the Maldives and Moldova, which are heavily reliant on energy imports, have goals to reduce dependency on fossil fuel imports, citing energy security reasons, according to E3G. The think tank noted that 11 countries that have submitted plans are part of coalitions aiming at phasing out fossil fuels. But none "have introduced country-wide moratoriums on fossil fuel exploration and drilling," E3G said. Canada and Mexico have partial bans, while the UK has announced bans on new drilling licenses in the North Sea, it said, but most countries do not explicitly pledge to divest from fossil fuel assets in their new NDC. Except for the UK, major emitters' NDCs and implementation fall short of what is needed to keep global warming within "safe limits". "With the September NDC deadline fast approaching, Brazil has a critical chance to turn that signal into substance," and rally countries to submit climate plans with credible strategies to move beyond fossil fuels, E3G said. Looking at Brazil, which is hosting Cop 30 in Belem in November, E3G said the country has pledged that "in the medium and long term, it will seek to gradually replace the use of fossil fuels with electrification solutions and advanced biofuels." But Brasilia is looking to develop its oil and gas, including in the environmentally sensitive equatorial margin. It will offer 332 oil and gas blocks in an auction this week — the first since December 2023 — including 47 in the equatorial margin's Foz do Amazonas basin. A separate report today from civil society organisation Oil Change International noted that Brazil "is among the 10 largest expanders of oil and gas to 2035." The country's plans to ramp up oil and gas output "sets a detrimental example", Oil Change said. But Brazil "exemplifies the difficulties that emerging economies with oil and gas reserves face when trying to balance poverty eradication, industrialisation and climate goals", it added. The US is set to account for 58pc of carbon emissions from new oil and gas fields over 2025-35 — around 16pc of the remaining carbon budget — while Brazil's projected share of carbon emissions is 1.4pc, Oil Change found. Oil Change put the global cumulative CO2 emissions from projected new oil and gas extraction at just under 46bn t. The carbon budget refers to a limit on CO2 emissions, in order to keep the global rise in temperature to 1.5°C above pre-industrial levels, as sought by the Paris agreement. The reports were released to coincide with the beginning of the "halfway point" climate talks, hosted by the UNFCCC in Bonn, Germany. These technical negotiations are scheduled for 16-26 June. By Caroline Varin and Georgia Gratton Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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