Market News

06.10.08

Indonesia Leaves OPEC

Indonesia, the only Southeast Asian member of the Organization of the Petroleum ...

06.09.08

Argentine Farmers Hault Strike

Argentina's farm groups have suspended their strike at the request of the Roman ...

06.06.08

Oil Prices Surge For Second Day

Oil prices surged for the second day on a US dollar decline that stemmed from a ...

06.05.08

Morgan Stanley: Oil Will Stay Above $100 Per Barrel

Oil prices will remian above $100 per barrel for the forseeable future due to ri...

06.04.08

US and Brazil Defend Biofuels at UN Food Summit

In Rome, Italy, a three-day UN food summit has called for trade barriers to be r...

06.02.08

OPEC Blames Speculators for High Oil Prices

OPEC President Chakib Khelil blamed speculators for the steep rise in oil prices...

05.30.08

EIA Says Biofuels Making Up For Lagging Oil Supplies

International Energy Agency figures show that biofuels have been filling a need ...

05.29.08

Report Projects Rapid Rise In Biofuel Production

Global production of biofuels is forecast to rise rapidly in the next decade, pu...

05.28.08

Argentine Farmers Resumes Road Blocks

In Argentina today, government representatives issued a document supporting thei...

05.27.08

China To Cut Soybean Import Tax

China is likely to cut the import tax on soybean oil to 3% from 9% from June to ...

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President Bush Calls for Action on US Energy Bill

11.15.07

President George Bush called for action on US energy legislation on a visit to Indiana this week, pressing the US Congress to act on an energy bill that expands use of ethanol and biodiesel, promotes energy efficiency, and invests in technologies such as clean coal.

The US Deputy Secretary of Energy said Congress should take action on those measures on which it can agree and pass them now. Specifically, he called on lawmakers to pass the US President's fuel economy standard, biofuel mandates, and other energy efficiency provisions.



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