<![CDATA[Henri-Jean’s Globalbiodiesel Substack]]>https://globalbiodiesel.substack.comhttps://substackcdn.com/image/fetch/$s_!zNaL!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fecc6968e-5949-4ac7-a0c9-3637ad3a18ed_144x144.pngHenri-Jean’s Globalbiodiesel Substackhttps://globalbiodiesel.substack.comSubstackWed, 02 Sep 2026 11:03:07 GMT<![CDATA[Diesel Cracks Blow Out to $106/Brl]]>https://globalbiodiesel.substack.com/p/diesel-cracks-blow-out-to-106brlhttps://globalbiodiesel.substack.com/p/diesel-cracks-blow-out-to-106brlTue, 01 Sep 2026 18:45:52 GMTSeptember opened with the market moving in the direction we have been expecting. Diesel is now doing the heavy lifting. Front ICE gasoil traded near $1,435/mt, up roughly 6.5%, while September/Decemb…

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]]><![CDATA[EPA Eases RFS While Diesel Tightens]]>https://globalbiodiesel.substack.com/p/epa-eases-rfs-while-diesel-tightenshttps://globalbiodiesel.substack.com/p/epa-eases-rfs-while-diesel-tightensMon, 31 Aug 2026 19:12:06 GMTToday is about the Small Refinery Exemptions. EPA is scheduled to issue decisions at 3 PM ET on 34 petitions from the 2025 compliance year, with reporting pointing to exemptions covering more than 1.…

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]]><![CDATA[Diesel Roars, RINs Rebound, EPA Still Silent]]>https://globalbiodiesel.substack.com/p/diesel-roars-rins-rebound-epa-stillhttps://globalbiodiesel.substack.com/p/diesel-roars-rins-rebound-epa-stillFri, 28 Aug 2026 19:31:40 GMTThe strongest signal on the screen today is diesel, not crude. September ICE gasoil surged to $1,275.50/mt while January closed near $1,075.75, putting Sep/Jan backwardation back at $199.75/mt. Janua…

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]]><![CDATA[EPA Flexibility Hits Soybean Oil, Diesel Tightness Remains]]>https://globalbiodiesel.substack.com/p/epa-flexibility-hits-soybean-oilhttps://globalbiodiesel.substack.com/p/epa-flexibility-hits-soybean-oilThu, 27 Aug 2026 18:56:19 GMTThe most important move today is not the roughly 1% rise in outright soybean oil. It is the collapse in the September/January soyoil spread. September soybean oil is around 68.15 cents/lb against Jan…

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]]><![CDATA[Europe Reaches To Mexico for Diesel]]>https://globalbiodiesel.substack.com/p/europe-reaches-to-mexico-for-dieselhttps://globalbiodiesel.substack.com/p/europe-reaches-to-mexico-for-dieselWed, 26 Aug 2026 19:56:29 GMTEurope is beginning to show the diesel stress I have been expecting. Roughly 300,000 barrels of Mexican ULSD have reportedly been identified in recent European purchases. I would not assume this repr…

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]]><![CDATA[Sanctions Blink, Diesel and Biodiesel Steadies]]>https://globalbiodiesel.substack.com/p/sanctions-blink-diesel-and-biodieselhttps://globalbiodiesel.substack.com/p/sanctions-blink-diesel-and-biodieselTue, 25 Aug 2026 19:23:59 GMTYesterday’s much-advertised sanctions D-Day turned into a nothing burger for immediate energy supply. Washington stopped short of the aggressive secondary-sanctions enforcement the market feared, and…

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]]><![CDATA[The War Premium Takes a Day Off]]>https://globalbiodiesel.substack.com/p/the-war-premium-takes-a-day-offhttps://globalbiodiesel.substack.com/p/the-war-premium-takes-a-day-offMon, 24 Aug 2026 19:42:55 GMTEnergy started the week with a substantial correction, concentrated in middle distillates rather than crude. September ICE gasoil fell about 5.2% to $1,244/mt while Brent lost roughly 2.3%. September…

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]]><![CDATA[EPA Moves the Clock, Winter Diesel Moves the Curve Higher]]>https://globalbiodiesel.substack.com/p/epa-moves-the-clock-winter-dieselhttps://globalbiodiesel.substack.com/p/epa-moves-the-clock-winter-dieselFri, 21 Aug 2026 22:01:19 GMTEither EPA has started reading GlobalBiodiesel, or the RIN market finally became loud enough for Washington to hear it. December 2026 D4 RIN futures fell 12.2% Friday to $2.085 after trading near $2.…

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]]><![CDATA[D4 at $2.38: How High Before Washington Blinks?]]>https://globalbiodiesel.substack.com/p/d4-at-238-how-high-before-washingtonhttps://globalbiodiesel.substack.com/p/d4-at-238-how-high-before-washingtonThu, 20 Aug 2026 20:12:24 GMTThe most important biofuel signal today was D4 RINs. December 2026 D4s jumped 4.38% to $2.38/RIN, and EPA’s newly released July numbers help show why. Domestic D4 generation fell to 798.05 million RI…

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]]><![CDATA[SPR Draws 5.3 Million Barrels as Diesel Tightness Starts Showing Up]]>https://globalbiodiesel.substack.com/p/spr-draws-53-million-barrels-as-dieselhttps://globalbiodiesel.substack.com/p/spr-draws-53-million-barrels-as-dieselWed, 19 Aug 2026 20:49:51 GMTThe 4.4 million barrel build in U.S. commercial crude is the wrong number to trade in isolation. The SPR fell another 5.3 million barrels to roughly 293.4 million, more than offsetting the commercial…

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]]><![CDATA[The Curve Blinks, Freight Does Not]]>https://globalbiodiesel.substack.com/p/the-curve-blinks-freight-does-nothttps://globalbiodiesel.substack.com/p/the-curve-blinks-freight-does-notTue, 18 Aug 2026 19:36:20 GMTMarkets were calmer and generally firmer Tuesday, but the important move was inside the distillate curve. September ICE gasoil finished around $1,298/mt while January reached roughly $1,089, leaving …

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]]><![CDATA[Heat Crack Breaks $100 as Soybean Oil Stocks Refuse to Rebuild]]>https://globalbiodiesel.substack.com/p/heat-crack-breaks-100-as-soybeanhttps://globalbiodiesel.substack.com/p/heat-crack-breaks-100-as-soybeanMon, 17 Aug 2026 20:07:21 GMTMonday gave the clearest confirmation yet of the distillate problem we have been tracking. The U.S. heating-oil crack moved above $102/bbl with September heating oil near $4.44/gal against WTI around…

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]]><![CDATA[HVO II Takes Center Stage as Europe Trades Diesel Tightness]]>https://globalbiodiesel.substack.com/p/hvo-ii-takes-center-stage-as-europehttps://globalbiodiesel.substack.com/p/hvo-ii-takes-center-stage-as-europeFri, 14 Aug 2026 18:42:38 GMTThe clearest new market signal this Friday is HVO Class II paper. Final Week 32 turnover reached 368 kt after Friday added another 99 kt, up 65.9% from 221.8 kt in Week 31 and 4.5 times the 81.9 kt t…

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]]><![CDATA[Crude Cools, Distillate Stress Refuses to Break]]>https://globalbiodiesel.substack.com/p/crude-cools-distillate-stress-refuseshttps://globalbiodiesel.substack.com/p/crude-cools-distillate-stress-refusesThu, 13 Aug 2026 19:56:00 GMTEnergy finally took a breather Thursday. September WTI fell 2.7% to $81.00/bbl, Brent dropped 2.3% to $86.98/bbl and September ICE gasoil declined about 1.2% to roughly $1,235/mt. EIA also reported a…

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]]><![CDATA[Crude Builds But Diesel Tightens Again]]>https://globalbiodiesel.substack.com/p/crude-builds-but-diesel-tightenshttps://globalbiodiesel.substack.com/p/crude-builds-but-diesel-tightensWed, 12 Aug 2026 18:30:32 GMTToday’s EIA report looked bearish on crude and bullish on products, exactly the split traders need to watch. Commercial crude stocks jumped 17.4 million barrels to 424.4 million, while the SPR fell 6…

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]]><![CDATA[Turnaround Tuesday: BOGO Breaks +$200 as Diesel Takes Control]]>https://globalbiodiesel.substack.com/p/turnaround-tuesday-bogo-breaks-200https://globalbiodiesel.substack.com/p/turnaround-tuesday-bogo-breaks-200Tue, 11 Aug 2026 19:18:54 GMTAugust ICE gasoil approaches Wednesday’s expiry near $1,335/mt, yet the rest of the distillate complex is refusing to normalize. Aug/Sep remains roughly +$88 to +$92/mt and Aug/Dec around +$263 to +$…

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]]><![CDATA[Gasoil Breaks $1,300 and SPR Falls Below 300 Million Barrels as Hormuz Reprices Risk & Cracks Spike]]>https://globalbiodiesel.substack.com/p/gasoil-breaks-1300-and-spr-fallshttps://globalbiodiesel.substack.com/p/gasoil-breaks-1300-and-spr-fallsMon, 10 Aug 2026 18:45:36 GMTMonday’s message is less about repeating the weekend headlines and more about how the market has chosen to price them. Brent rose 4.64% to $87.43/bbl and WTI 4.67% to $81.83, while nearby ICE gasoil …

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]]><![CDATA[Biodiesel/RD: Diesel Still Sets the Price]]>https://globalbiodiesel.substack.com/p/biodieselrd-diesel-still-sets-thehttps://globalbiodiesel.substack.com/p/biodieselrd-diesel-still-sets-theSun, 09 Aug 2026 22:08:20 GMTFriday finished with the strongest scarcity signals still sitting in refined products. August ICE gasoil gained $24.25/mt, or 2.07%, to $1,197/mt, September rose $27/mt, or 2.43%, to $1,138.50/mt, an…

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]]><![CDATA[Three Ships Through Hormuz, $85.75 Heat Crack: This Does Not Look Like a Quiet Weekend]]>https://globalbiodiesel.substack.com/p/three-ships-through-hormuz-8575-heathttps://globalbiodiesel.substack.com/p/three-ships-through-hormuz-8575-heatThu, 06 Aug 2026 21:56:28 GMTThe week began with September BOGO above $408.54/mt and reached Thursday at $351.15/mt, a $57.39/mt or 14.0% reversal in three sessions. November Brent rose 4.76% to $83.23/bbl, September WTI gained …

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]]><![CDATA[When Reported Inventories Stop Meaning Available Barrels]]>https://globalbiodiesel.substack.com/p/when-reported-inventories-stop-meaninghttps://globalbiodiesel.substack.com/p/when-reported-inventories-stop-meaningWed, 05 Aug 2026 20:21:32 GMTMarkets were calmer Wednesday, yet calm reflected headline fatigue rather than lower Middle East risk. Conflicting reports moved between progress on an Iran-Oman framework and Iran postponing the agr…

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