Market News 
06.10.08
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 ...
USDA Says Biofuels Not A Cause Of Higher Food Costs
05.20.08
The U.S. Department of Agriculture has released a report showing that high energy prices, increasing global demand, drought and other factors--not biofuels--are the primary drivers of higher food costs.
U.S. Agriculture Secretary Ed Schafer also pointed to International Energy Agency data that show global biofuels production has cut consumption of crude oil by one million barrels a day, offering savings of $120 million dollars a day.
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