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The US and PES Holdings and its affiliates filed a Consent Decree and Settlement Agreement in bankruptcy court on May 1, 2020. It resolves liabilities under a 2018 consent decree and Clean Air Act Renewable Fuel Standard obligations stemming from the 2019 Philadelphia refinery explosion and bankruptcy.
The settlement resolves RFS compliance liabilities for a major refiner, with limited direct effect on feedstock or fuel prices.
epa.govUS EPA,OECAMay 8, 2020After 1,419 past policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
