In New York state, Reuters reports that Carl Icahn’s CVR has begun to close out its short position on RINs and began buying million of them in August for the first time in months. In an effort to keep control on prices, the purchases of half a million or a million at a time have been split between different brokers. As of the end of June, company filings showed that CVR was short $280 million worth of RINs and must buy two years worth of RINs by March 2018.
Category: Fuels