GFM Network News

Irving Oil said to cause spike in value of ethanol credits

A sudden buying spree by Canada’s biggest oil refinery triggered a 20 per cent spike in U.S. renewable fuel credits last week, market sources said last Friday, highlighting the volatile nature of the opaque, thinly traded market. Privately owned Irving Oil, operator of the 300,000 barrels-per-day (bpd) plant in St. John, New Brunswick, entered the […] Read more