Market News

10.20.08

OPEC May Cut Oil Production to Stop Price Slide

Crude oil rose on speculation that OPEC will cut production by 1 to 2 million ba...

10.17.08

Veolia Biofuels to Launch First Used Grease Biodiesel Plant In France

Veolia Biofuels said that in early 2009 it will launch the first recycled restau...

10.16.08

Oil Prices Dip Lower

Oil prices dipped below $75 a barrel Wednesday, a new 13-month low, as OPEC redu...

10.15.08

Liffe Market Suspends Rapeseed Oil Trading

Liffe, the derivatives unit of NYSE Euronext, suspended its rapeseed oil futures...

10.14.08

Indonesia Promotes Biodiesel

Indonesia will reduce its fuel oil imports as part of its effort to mitigate the...

10.13.08

Countries Continue to Aid Banking Sector

The Dow Jones industrial average surged more than 400 points in early trading to...

10.10.08

Thailand Submits Biofuel Plan

The Thai Ministry of Industry and Trade has submitted a plan to the government t...

10.09.08

First Quarter RTFO Figures Announced

First quarter RTFO figures, released Tuesday by the UK's Renewable Fuels Agency,...

10.08.08

Central Banks Cut Interest Rates

Central banks around the world cut short-term interest rates by up to half a per...

10.07.08

Palm Oil Price Moves Lower

Palm oil importers in India are seeking to renegotiate contracts after prices pl...

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US and Brazil Defend Biofuels at UN Food Summit

06.04.08

In Rome, Italy, a three-day UN food summit has called for trade barriers to be reduced and food export bans to be lifted to ease increasing food prices. Most countries and international organizations cited multiple causes for increasing food costs, but views on how much each factor contributed varied widely.

The US and Brazil defended biofuel production, amid discussions of whether to scale back or push ahead with biofuels.

On Wednesday, the Islamic Development Bank donated $1.5 billion, as the UN acknowledged that food shortages would cost $15 billion to $30 billion a year to resolve.



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