Oil Sector Pivot Toward Year-Round E15 Boosts Prospects For Ethanol

A recent policy pivot by the American Petroleum Institute (API) to support a new bill that would allow 15 percent ethanol fuel (E15) to be sold nationally year-round boosts the prospects of biofuel makers that are seeking to sell more ethanol, as the oil industry seeks to avoid market fragmentation if EPA grants pending requests from nine states to allow E15 summer sales. In recent weeks, API has swung behind biofuel groups’ efforts to push legislation through Congress that would...