April 11, 2019 / 6:40 PM / in 13 days

U.S. biofuel credits climb on report EPA may issue fewer waivers: sources

NEW YORK (Reuters) - U.S. biofuel credits for 2018 and 2019 climbed on Thursday following a Reuters report that the U.S. Environmental Protection Agency could issue fewer small-refinery waivers from the nation’s biofuel laws in coming weeks, market sources say.

Biofuel credits, which are used for compliance under the U.S. Renewable Fuel Standard, went from 8 to 13 cents each for 2018, and 16 to 19 cents each for 2019, market source say.

Reporting By Jarrett Renshaw; Editing by Bernadette Baum

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