EUR/USD 1.16783
0.003%
Gold 4616.86
2.163%
Oil 86.290
0.427%
USD/JPY 158.995
-0.035%
GBP/USD 1.36466
0.123%
GBP/JPY 216.979
0.098%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: Canadian Prime Minister Carney held an online meeting with provincial and territorial chiefs to discuss countermeasures against tariffs.Market news: Germany, Italy, Austria, Poland, Portugal and Spain are stepping up their efforts to impose a windfall profits tax on oil companies across the European Union.On August 23, Iranian Ambassador to Russia, Jalali, stated in an interview with Sputnik News that the morale of US troops was low. He said, "It is said that the infrastructure, food, logistics, and morale of the US military are in very poor condition, and in addition to suicides, many people have died in the large-scale conflict." The ambassador added that although the Pentagon or US officials have not confirmed this, "the poor condition of equipment and personnel is beyond doubt." He believes this situation is a result of a strategic miscalculation by the US in assessing the resistance capabilities of the Iranian people.According to Al Jazeera, Macron and the Saudi Crown Prince will meet in Paris to discuss the situation in Hormuz.On August 23, according to the Haikou Daily, the 2026 Hainan Cross-border Computing Power Industry Development Conference was held in Haikou on August 21. At the conference, the Haikou National High-tech Industrial Development Zone Management Committee and H3C Technologies Co., Ltd. signed a strategic cooperation framework agreement to jointly promote the implementation of the Haikou International Turing Town plan. The Hainan Token Industry Ecosystem Alliance was also launched, and Tsinghua Unigroup Yaochen (Hainan) Intelligent Manufacturing Co., Ltd. was unveiled. This is a key step for Haikou in leveraging the advantages of the Free Trade Port policy to develop cross-border computing power, AI hardware manufacturing, and the digital industry ecosystem. According to the agreement, Turing Town will be located in Haikou National High-tech Industrial Development Zone, and the two parties will cooperate in five major areas: cross-border computing power services, digital industry ecosystem, industrial investment and operation, industry-education talent cultivation, and computing power hardware manufacturing.

U.S. EPA Shortly to Announce Judgment on Small Refinery Biofuel Waivers

Charlie Brooks

Apr 07, 2022 09:40

R2.png


The EPA has accumulated a backlog of more than 60 requests for so-called Small Refinery Exemptions, which are sought by refineries that argue the cost of blending biofuels such as ethanol into their fuel could drive them out of business, following a 2020 court decision that narrowed the criteria for qualifying for the relief.


The EPA proposed in December to reject 65 outstanding SRE applications. According to the EPA's website, the agency currently has 69 outstanding SRE petitions.


According to the sources, the EPA is on the verge of announcing a decision on some or all of the outstanding SREs as soon as Thursday. It was unknown if the agency's conclusion would be consistent with the December suggestion.


The agency did not respond to a request for comment.


The EPA under former President Donald Trump significantly boosted such exemptions to refiners, infuriating biofuel producers who said the administration was misusing the program to benefit its oil business cronies at the cost of farmers. The EPA under Trump's administration refuted the assertion.


Oil refineries must either mix billions of gallons of corn-based ethanol and other fuels into the fuel pool or acquire credits from those that do. The initiative aims to assist farmers while also reducing fuel imports.

Suggestion