UK Drops the Hammer on US Renewable Diesel Imports as Gasoil Tightens Again
Vegetable oils closed the week firmer, though with different signals across forward curves. Palm oil futures for the 2026 strip climbed back above 1,000, with the front months up $21–24 (+2.0–2.4%) despite remaining 2.5–5% below levels from three months ago. Bean oil followed, with ZLZ5 at 51.8 cents (+1.75%) and about +0.9 to +1.0 cents across the curve. Structure widened slightly, with ZLZ5/ZLH26 at –0.79 and ZLZ5/ZLK26 at –1.08. BOPO eased to roughly +145 but remains more than 35% above its level three months ago — a sign of continued vegoil outperformance relative to middle distillates.
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