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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US Farm Bill Stalled Again

11.19.07

A cloture motion to force a vote on the 2007 Farm Bill failed in the US Senate last week, falling short of the 60 votes required to end debate. Observers say this throws into question whether Congress will be able to complete work on the Farm Bill this year.

The US House Majority Leader said lawmakers have not reached agreement on a compromise Energy Bill, but still plan to bring the legislation to the floor next month in some form. He said ‘big ticket’ items, including renewable fuels, still must be worked out. Congress is breaking for a two-week recess, returning on December 3rd.



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