United States Expands Imports of Used Cooking Oil from China as Biofuel Demand Rises

The United States is preparing to accelerate imports of used cooking oil from China. The move is driven by the expansion of biofuel blending mandates in the U.S. and the impact of the Iran war on energy costs. Rising energy prices make used cooking oil a relatively cheaper feedstock. Growth in U.S. biofuel production is fueling demand for alternative fuels such as renewable diesel and jet fuel. Used cooking oil from China is emerging as a key input in these production processes. The war‑driven increase in energy prices further enhances the competitiveness of this raw material. Experts suggest that this trend may continue in the near term. The broadening of U.S. biofuel policies and geopolitical tensions affecting energy markets are seen as the primary factors shaping the used cooking oil trade. This is not investment advice.

📊 ADM — Piyasa Yorumu

▲ up · 65%

ADM is a key player in the cooking oil supply chain used for biofuel production, so the news may be received positively. Technical indicators support this view: RSI at 63 is above neutral, MACD is above its signal line, and the price is above both the 20-day and 50-day moving averages. The 2.8% rise in the last 24 hours suggests momentum could continue. However, I am not highly confident because the RSI is not approaching overbought territory and the impact of the news may be limited.

RSI 14

63.2

MACD

0.98

24h Δ

2.83%

📊 BP — Piyasa Yorumu

▲ up · 60%

The news points to an increase in biofuel demand, which could be a positive signal for energy companies such as BP. Technical indicators show the RSI at 54.8, indicating a neutral zone, while the MACD is above the signal line, suggesting positive momentum. The price is trading above the 20- and 50-day moving averages, supporting a short-term upward trend. However, the limited 1% gain in the last close suggests caution against excessive optimism. Overall, the news and technical data present a slight upside potential.

RSI 14

54.8

MACD

0.05

24h Δ

1.00%

📊 CVX — Piyasa Yorumu

▲ up · 60%

The news points to an increase in biofuel demand, which could be a positive signal for energy companies such as Chevron. Technical indicators also support this view: the RSI is at 58, in neutral territory; the MACD, while below the signal line, remains in positive territory; and the price is above both the 20-day and 50-day moving averages. There is potential for an upward move in the short term, but the MACD being below the signal line warrants caution. Therefore, the bullish expectation can be expressed with moderate confidence.

RSI 14

58.1

MACD

0.58

24h Δ

0.40%

📊 XOM — Piyasa Yorumu

■ neutral · 60%

Although the news points to an increase in biofuel demand, this may not directly translate into higher demand for an oil company like XOM. Technical indicators are sending mixed signals: the RSI is neutral at 56, the MACD remains below the signal line, and short-term momentum is weak. While the price is above the 20- and 50-day moving averages, it has experienced a slight decline in the last 24 hours. Therefore, no clear direction is expected in the short term.

RSI 14

56.2

MACD

0.33

24h Δ

-0.25%

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