Market News

11.19.08

Biopetrol Bringing Rotterdam Plant Online

Switzerland-based Biopetrol Industries began to bring its 400,000mt per year pla...

11.18.08

CPO Prices to Remain Low

Crude palm oil prices will likely remain subdued for the next several months wit...

11.17.08

OPEC Cuts Demand Forcast as Oil Continues to Drop

Oil fell for a second day as Japan entered its first recession since 2001 and Ch...

11.13.08

CPO Prices May Not Have Hit Bottom Yet

A London-based vegetable oil analyst said that crude palm oil prices have not bo...

11.12.08

Global Investors Promote Renewable Energy

Global institutional investors holding more than $6 trillion in assets are pushi...

11.11.08

Indonesia and Malaysia to Cut CPO Production

The Indonesian and Malaysian governments have agreed to cut production and incre...

11.10.08

World Oilseed Output Forcast Raised

World oilseed output is forecast at 431 million mt for 2008/09 compared to 404 m...

11.07.08

Global Soy Oil Trade Likely to Decline

Global trade of soybean oil is likely to decline by 1.0 million mt, or 4%, in 20...

11.06.08

ICIS Adds to Pricing Reports

ICIS pricing has enhanced its US and European biofuel price reports with new pri...

11.05.08

US Presidental Election Impacts World Markets

The dollar gained ground on the euro following Barack Obama’s presidential elect...

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IEA Cuts Oil Demand Forecast

06.29.09

The International Energy Agency cut its five-year forecast for crude demand by about 3 million barrels a year, predicting consumption will not regain 2008 levels until 2012.

However, oil supply capacity will grow by 4 mb/d during 2008-2014 with the bulk from OPEC and global biofuels (biofuels output expected to increase from 1.5 mb/d in 2008 to 2.2 mb/d in 2014, with global biofuel capacity attaining over 3 mb/d), IEA reports.



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