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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EU Ambassador Warns of US Senate Climate Bill Delay

09.18.09

The EU ambassador to the US said Thursday that any delay by the US Senate that pushes action on a climate bill into next year could subject the country to the charge that domestic politics will always trump its international commitments, Reuters reports.

Such a move would postpone the formation of an overall US climate plan until after a UN climate meeting in Copenhagen in December.

"If this were to happen it would open the United States to the charge that it does not take its international commitments seriously, and that these commitments will always take second place to domestic politics," Ambassador John Bruton said.

He said asking an international conference "to sit around looking out the window for months, while one chamber of the legislature of one country deals with its other business, is simply not a realistic political position.



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