# EPA Finalizes New Renewable Fuel Standards to Strengthen U.S. Energy Security, Support U.S. Rural Economy, and Expand Production of Low-Carbon Fuels | US EPA

> EPA issued a final Renewable Fuel Standard rule setting biofuel volume requirements for 2023 to 2025. EPA says the rule will reduce U.S. oil imports by about 130,000 to 140,000 barrels per day over that period.

- Date: 2023-06-21 · published 2023-06-21T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/15298-epa-finalizes-new-renewable-fuel-standards-to-strengthen-u-s-energy-security
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Mandated biomass-based diesel volumes create a floor for soybean oil demand, but the rule's modest increases leave less room for growth than producers expected. The net price effect on soybean oil is bearish relative to expectations.

## Read by commodity

- SBO: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-01-30 | [A Cap on Vegetable Oil-Based Fuels Will Stabilize and Strengthen California’s Low Carbon Fuel Standard - Union of Concerned Scientists](https://feedsoft.ai/events/15248-a-cap-on-vegetable-oil-based-fuels-will-stabilize-and-strengthen-california-s.md) | +0.0% | -1.4% |
| SBO | 2023-07-05 | [Renewable Fuel Standard final rule – 2023, 2024, 2025: increases short of expectations \| News \| farmweeknow.com](https://feedsoft.ai/events/15292-renewable-fuel-standard-final-rule-2023-2024-2025-increases-short-of.md) | +0.5% | -1.8% |
| SBO | 2023-06-29 | [EPA’s renewable fuel rule called ‘missed opportunity’ \| The Western Producer](https://feedsoft.ai/events/35586-epa-s-renewable-fuel-rule-called-missed-opportunity-the-western-producer.md) | +8.3% | +13.9% |
| SBO | 2018-04-19 | [Soy Growers Ask President Trump to Support Renewable Fuel Standard - American Soybean Association](https://feedsoft.ai/events/65395-soy-growers-ask-president-trump-to-support-renewable-fuel-standard-american.md) | -2.0% | -2.7% |
| SBO | 2021-01-19 | [Federal Register
       :: 
      Notice of Receipt of Petitions for a Waiver of the 2019 and 2020 Renewable Fuel Standards](https://feedsoft.ai/events/49015-federal-register-notice-of-receipt-of-petitions-for-a-waiver-of-the-2019-and.md) | +1.9% | +10.1% |

## Sources

- epa.gov: https://www.epa.gov/newsreleases/epa-finalizes-new-renewable-fuel-standards-strengthen-us-energy-security-support-us

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.