Market News 
06.24.08
Petrobras to Sell Biofuel at Japanese Stations
In Brazil, energy company Petrobras says it will begin sales of biofuel for moto...
06.23.08
Argentine President to Meet With Farmers Over Strike
Argentine President Cristina Fernandez de Kirchner will meet with the leaders of...
06.20.08
Argentine Biodiesel Exports Growing
Argentina's biodiesel exports grew to 176,000 mt in the first four months of 200...
06.19.08
The Mississippi River surged past levees Thursday in the worst US Midwest floods...
06.18.08
Brazil Increases Biofuel Mandate to 3%
Brazil's National Council for Energy Policy has changed the mandatory blending o...
06.17.08
US Flooding Causes Record Corn Prices
Corn prices rose to an all-time high as flooding continues in the US Midwest con...
06.16.08
Argentina Losing Foreign Investors
Argentina's stock market is losing foreign investors at the fastest pace since 2...
06.13.08
Argentine Farmer Strike Causing Food Shortages
In Argentina, farmers have said they will halt the trade of grain until the expo...
06.12.08
Indonesia to Halt Palm Cooking Oil Subsidies
Indonesia may halt domestic subsidies on palm-based cooking oil and soybeans nex...
06.11.08
Algenol Signs $850 Million Algae Deal
US company Algenol has signed an $850 million deal with Mexican company BioField...
Saudi Oil Minister Links Oil Prices to Biofuels
03.03.08
Saudi Arabia's oil minister Ali al-Nuaimi says oil prices will stay above a minimum of $60 to $70 dollars per barrel because public policy in many countries is to invest in alternative energy sources to compete with petroleum, and this can only occur if oil is priced at this level.
"If you take all the subsidies that go into producing a barrel of biofuels,” he said, “I doubt that anybody can make money in that business with a price of less than $60 or $70. Therefore, a line has been drawn below which the price cannot fall."
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