NEWS
Senator Urges RIN Market Probe
Myke Feinman Refine Fuels Reporter
Thu Sep 26, 2013 11:01 AM CDT

STREATOR, Ill. (DTN) -- Sen. Debbie Stabenow, chairwoman of the Senate Committee on Agriculture, Nutrition and Forestry, sent a letter to the Commodity Futures Trading Commission earlier this week seeking a review of recent allegations about possible manipulation of Renewable Identification Number markets.

RINs are the credits used by obligated parties -- refiners, blenders and importers -- to comply with annual renewable fuel blending mandates spelled out in the Renewable Fuel Standard.

Stabenow, D-Mich., called on the CFTC, which oversees markets for commodity futures, options and swaps, to use its expertise and authority to help preserve the integrity of the ...

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