Market News

02.19.08

Scientists Dispute Biofuels Study

Scientists at the US Department of Energy have disputed a widely reported study ...

02.18.08

China Braces For Food Crisis

In China, prices on selected food items have soared by 60%, prompting concern th...

02.15.08

Petrobras to Build Biodiesel "Superplant"

In Brazil, Petrobras says it will build a 193 Mgy "superplant" for biodiesel pro...

02.14.08

Malaysia Proposes $103 Billion Renewable Energy Plan

In Malaysia, the national government has proposed a $103 billion "Sarawak Corrid...

02.13.08

Agri Energy Fails To Get Financing

Melbourne-based biofuel development company Agri Energy halted trading in its sh...

02.12.08

Ethanol Closer to Unified Global Trading

In Brazil, representatives of Unica, the Sao Paulo-based sugar cane industry ass...

02.11.08

Bulgaria Attracts Biodiesel Investment

Spanish group Coener Systems plans to build a $90 million biodiesel plant near P...

02.08.08

First Waste Wood Cellulosic Ethanol Plant In US Is Operational

KL Process Design Group (KL) has announced its cellulosic ethanol plant is opera...

02.07.08

Natural Fuels Australia Ceases Biodiesel Production

Natural Fuels Australia, which operates the $48 million biodiesel plant in East ...

02.01.08

Iowa Biofuel Industry Leads Nation

Iowa's ethanol and biodiesel industries added $12.7 billion last year into the s...

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Goldman Sachs Says Oil Could Reach $200 Per Barrel

05.07.08

Oil could rise to $200 within the next two years as part of a "super-spike" driven by poor growth in oil supplies, investment bank Goldman Sachs said in a research note.

"We believe the current energy crisis may be coming to a head, as a lack of adequate supply growth is becoming apparent," Goldman said. "The possibility of $150-$200 per barrel seems increasingly likely over the next 6 to 24 months, though predicting the ultimate peak in oil prices as well as the remaining duration of the upcycle remains a major uncertainty," Goldman said.



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