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The climate agenda is on top of S&P Global Commodity Insights editors' list this week, with the UN Climate Change Conference, or COP28, kicking off in Dubai at the end of the month. In Europe the French nuclear output is in focus ahead of winter, while in Asia refiners are looking at low-sulfur crude from the US and Africa. 1
Mexico has many challenges in terms of energy, but the main concern for the next government should be to address the financial losses at the state oil and gas company Pemex and its declining production, as they threaten to hurt public finances and the country's credit rating, according to Rosanety Barrios, the newly appointed energy advisor to Xóchitl Gálvez, the main opposition candidate for the upcoming presidential elections of 2024
The cellulosic waiver credit has traditionally served as a safety net for obligated parties needing to meet their cellulosic blending requirements. Due to an anomaly in the Renewable Fuel Standard, CWCs may be purchased for the 2022 compliance year, but not for 2023
