Industry News 
01.07.08
Petrotec Resumes Biodiesel Production
German biodiesel manufacturer, Petrotec, is restarting biodiesel production in J...
01.04.08
In the Philippines, PNOC Alternative Fuels Corp.’s jatropha-based biodiesel, tes...
01.03.08
Crude Oil Hits $100, Then Backs Off
Oil prices reached a record $100 a barrel on Wednesday when violence in Nigeria,...
01.02.08
Analysts See $100 Per Barrel Oil in 2008
At the start of 2008, analysts are forecasting another tense crude market this y...
12.31.07
Noble Group To Invest $450 Million in Brazilian Ethanol
In Hong Kong, Noble Group said it will invest $450 million in its Brazilian suga...
12.28.07
Columbia To Invest $342 Million in Biofuel Plants
The Colombian government says it will invest $342 million in three new biofuel p...
12.28.07
US Biodiesel Production at 22% Capacity
According to the US National Biodiesel Board (NBB), US biodiesel producers are o...
12.19.07
Argentine 2007 Biodiesel Invetments Reach $300 Million
Investments in production of biodiesel in Argentina have totaled some $300 milli...
12.18.07
World Biodiesel Capacity Estimated At 14 Billion Gallons
According to analysis by the journal, Environmental Science and Technology, Mala...
12.17.07
EIA See Oil Above $80 Per Barrel for 2008
The US Energy Information Administration (EIA expects crude oil prices to remain...
China Faces Fuel Supply Crisis
11.01.07
China raised domestic gasoline and diesel prices on Thursday, the first increase in 17 months, as officials respond to a worsening supply situation by easing losses at state refiners. The increase will raise gasoline prices by 9% and diesel by 10%.
Officials hope the price increase will spur refiners to boost production and imports, heading off shortages that have caused gas lines, widespread rationing, and at least one death.
The gap between local and global prices remains wide. Diesel costs about $0.64 a liter at the pump in Beijing, versus around $1 in Singapore and $2 in Britain. Tensions are mounting between the government and its increasingly independent oil firms over who should pay for fuel subsidies.
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