US biofuels compliance credits jumped to three-year highs last Monday

Ernest Moniz, US Secretary of Energy

Prices in the niche market for biofuels compliance credits jumped to three-year highs last Monday as traders fretted about supplies because of higher U.S. government mandates to increase the use of biofuels next year.

Trading in the opaque market for Renewable Identification Numbers (RIN) – the paper credits that can be bought and sold to meet government requirements for biofuels – has picked up in recent days.

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