US Boosts Biofuel Quotas as Gasoline Prices Surge

The value of RINs, the tradable credits used to fulfill the quotas, softened slightly during Friday’s trading session, in part because of that reduction for advanced biofuels, said Mario Lopez, an analyst at consultancy Energy Aspects. Overall, the final requirements will deepen a deficit in credits tracking ethanol consumption and should push prices higher, Lopez … Read more

RBI MPC: Expect no rate hikes, oil holds key to inflation, future guidance

Shanti Ekambaram During the February review, the Reserve Bank of India (RBI) kept the key interest rates unchanged and committed to an accommodative stance for as long as it is necessary to see stable growth. This was despite inflation being high and high frequency data showing economic growth trends. This time, as the monetary policy … Read more