# 2020 Energy Prices Complicated by Ag Products, Renewable Credits and Other Relationships - OPIS, A Dow Jones Company

> OPIS reports that RIN credit prices and the cost of RFS compliance hit record highs in early 2021. The compliance cost was 13.55 cents per gallon on January 29, the highest in OPIS's RIN assessment history. Drivers included EPA's delayed 2021 renewable fuel blending targets and the bankruptcy of a large RIN trading house.

- Date: 2021-02-05 · published 2021-02-05T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/48514-2020-energy-prices-complicated-by-ag-products-renewable-credits-and-other
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher RIN costs raise the price of biomass-based diesel and make soybean oil more attractive as a feedstock, which supports soy oil prices. Uncertainty over EPA's final targets could keep prices volatile.

## Read by commodity

- SBO: bullish ▲
- WTI: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-03-19 | [Biofuels Industry and Regulatory Policies in 2018  - OPIS, A Dow Jones Company](https://feedsoft.ai/events/65892-biofuels-industry-and-regulatory-policies-in-2018-opis-a-dow-jones-company.md) | -1.8% | -2.5% |
| SBO | 2020-03-09 | [The Biodiesel Tax Credit: What Does the New Extension Mean? - OPIS, A Dow Jones Company](https://feedsoft.ai/events/54003-the-biodiesel-tax-credit-what-does-the-new-extension-mean-opis-a-dow-jones.md) | -8.3% | -7.2% |
| SBO | 2026-05-12 | ['Unprecedented' Increase Needed in D4 RIN Generation to Meet 2026-27 RVOs: Analysis - OPIS, A Dow Jones Company](https://feedsoft.ai/events/15028-unprecedented-increase-needed-in-d4-rin-generation-to-meet-2026-27-rvos.md) | +1.4% | -2.2% |
| SBO | 2026-06-25 | [Biomass-Based Diesel Feedstock Demand Projected to Climb 57% in 2026, 81% in 2027: Analysis - OPIS, A Dow Jones Company](https://feedsoft.ai/events/15015-biomass-based-diesel-feedstock-demand-projected-to-climb-57-in-2026-81-in-2027.md) | -2.0% | +7.3% |
| SBO | 2020-09-21 | [Analysis: High credit values outweigh cost of production for US renewable distillates \| S&P Global](https://feedsoft.ai/events/50991-analysis-high-credit-values-outweigh-cost-of-production-for-us-renewable.md) | -6.8% | -6.4% |
| WTI | 2025-02-27 | [OPEC+ Rethinking Oil Production Rampup After Trump Complications \| OilPrice.com](https://feedsoft.ai/events/25945-opec-rethinking-oil-production-rampup-after-trump-complications-oilprice-com.md) | -3.3% | +1.6% |
| WTI | 2020-10-05 | [US refiners accelerate transition to renewable fuels production \| Oil & Gas Journal](https://feedsoft.ai/events/50511-us-refiners-accelerate-transition-to-renewable-fuels-production-oil-and-gas.md) | +9.6% | -3.4% |
| WTI | 2020-12-03 | [Here’s What OPEC And Its Allies Agreed Upon On Oil Production](https://feedsoft.ai/events/49560-here-s-what-opec-and-its-allies-agreed-upon-on-oil-production.md) | +0.5% | +7.0% |

## Sources

- opis.com: https://www.opis.com/blog/2020-energy-prices-complicated-by-ag-products-renewable-credits/

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