Trump Wants Oil and Biofuels Lobbies to Decide Renewable Fuel Policy ...Middle East

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Trump Wants Oil and Biofuels Lobbies to Decide Renewable Fuel Policy
source : OILPRICE ( Middle East ) () 52
The U.S. Administration has left it to the oil companies and ethanol producers to reach an agreement on the next renewable fuel standard, sources with knowledge of the discussions told Reuters, as the Trump Administration looks to avoid creating further controversies between the Farm Belt and oil producers and refiners. The so-called Renewable Fuel Standard (RFS) is the U.S. policy under which oil refiners are required to blend growing amounts of renewable fuels into gasoline and diesel. It sets the number of gallons of renewable fuels that must…

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