Biofuel complex rocked by volatility in underlying fossil markets

SAF and renewable diesel outright prices hit multi-month highs following the outbreak of war in the Middle East on Feb. 28, driven by strength in the underlying fossil contracts which they are priced against. There is often a lag between movements in the underlying fossil contract and the corresponding adjustment to bio-premiums, European biofuel traders said.  As of March 6, the downward momentumSAF and renewable diesel outright prices hit multi-month highs following the outbreak of war in the Middle East on Feb. 28, driven by strength in the underlying fossil contracts which they are priced against. There is often a lag between movements in the underlying fossil contract and the corresponding adjustment to bio-premiums, European biofuel traders said.  As of March 6, the downward momentumRead More