# Crude oil or cooking oil? For some U.S. refiners, it's now a choice

> Several U.S. refiners, including CVR Energy, Marathon, Phillips 66 and HollyFrontier, are accelerating plans to convert facilities to renewable diesel made from used cooking oil and soybean oil. The shift is driven by weak gasoline demand from the pandemic and by low carbon fuel incentives.

- Date: 2020-08-27 · published 2020-08-27T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/51485-crude-oil-or-cooking-oil-for-some-u-s-refiners-it-s-now-a-choice
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Refiners switching to vegetable oil and grease feedstocks increases competition for soybean oil and other fats, which supports vegetable oil prices and can tighten supply for feed use.

## Read by commodity

- SBO: bullish ▲
- DIESEL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-10-04 | [U.S. oil refiners look to leapfrog Canadians in making renewable diesel](https://feedsoft.ai/events/50523-u-s-oil-refiners-look-to-leapfrog-canadians-in-making-renewable-diesel.md) | +6.9% | +5.2% |
| SBO | 2021-11-03 | [Rise of biodiesel leads to jump in cooking oil prices, skyrocketing demand for soybeans \| Here & Now](https://feedsoft.ai/events/44128-rise-of-biodiesel-leads-to-jump-in-cooking-oil-prices-skyrocketing-demand-for.md) | -4.1% | -8.1% |
| SBO | 2025-01-16 | [Clean Fuel Production Credit excludes producers from using used cooking oil  - Indiana Corn and Soy](https://feedsoft.ai/events/26610-clean-fuel-production-credit-excludes-producers-from-using-used-cooking-oil.md) | -0.5% | +2.2% |
| SBO | 2021-08-17 | [Renewable fuel companies edge out some refiners on feedstock](https://feedsoft.ai/events/11368-renewable-fuel-companies-edge-out-some-refiners-on-feedstock.md) | -8.0% | -11.7% |
| SBO | 2026-04-30 | [Demand for soy oil driving price to the upside - Iowa Agribusiness Radio Network](https://feedsoft.ai/events/19804-demand-for-soy-oil-driving-price-to-the-upside-iowa-agribusiness-radio-network.md) | +0.5% | -3.5% |
| DIESEL | 2023-10-19 | [US oil refiners crank out diesel, further squeezing margins for gasoline](https://feedsoft.ai/events/33711-us-oil-refiners-crank-out-diesel-further-squeezing-margins-for-gasoline.md) | -4.4% | -8.6% |
| DIESEL | 2022-04-29 | [Oil prices reverse late in session as heating oil contract plunges](https://feedsoft.ai/events/41753-oil-prices-reverse-late-in-session-as-heating-oil-contract-plunges.md) | -13.3% | -22.6% |
| DIESEL | 2022-02-07 | [FEATURE: Renewable diesel producers racing for the finish line as credits under pressure \| S&P Global](https://feedsoft.ai/events/15420-feature-renewable-diesel-producers-racing-for-the-finish-line-as-credits-under.md) | +3.1% | +39.8% |

## Sources

- hydrocarbonprocessing.com: https://www.hydrocarbonprocessing.com/news/2020/08/crude-oil-or-cooking-oil-for-some-us-refiners-its-now-a-choice/

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