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2011-07-13 14:00:00

LONDON, July 13, 2011 /PRNewswire/ -- The first paper swap for rapeseed methyl ester (RME) has traded against the Argus Renewable Energy Directive (RED)-compliant physical biodiesel price series. Total bought the October swap from another oil major at a $550/t premium to Ice gasoil futures through brokerage TFS. The swap will be settled against a new assessment that Argus will introduce on 3 October. Argus will introduce additional Rotterdam barge assessments for physical RME, FAME zero,...


Word of the Day
mundungus
  • A stinking tobacco.
  • Offal; waste animal product; organic matter unfit for consumption.
This word comes from the Spanish 'mondongo,' tripe, entrails.