Market News

07.06.09

UK Exceeds Biofuel Target

The UK's Renewable Fuel Agency has confirmed that the UK has exceeded its biofue...

07.06.09

Argentina Farmers Gain Clout in Congress

Argentinean farmers overcame one hurdle regarding export taxes as the government...

07.01.09

California Granted Waiver to Control Vehicle Emissions

California has been granted a waiver from the EPA to implement its clean cars ...

07.01.09

EPA Extends RFS-2 Comment Period

US EPA is extending the RFS-2 comment period by 60 days to Sept. 25 on formal re...

06.29.09

IEA Cuts Oil Demand Forecast

The International Energy Agency cut its five-year forecast for crude demand by a...

06.26.09

Chinese Cities Begin Using Biodiesel Blends

In China, Peking, Shanghai, and Guangzhou will be the country's first cities in ...

06.26.09

EU Rapeseed Oil Output to Double on Biodiesel Demand

EU rapeseed oil output is projected to double to 12.9 million mt in 2020 from 6....

06.26.09

US House to Vote on Climate Bill Friday

The US House is expected to vote Friday on its climate change bill that will imp...

06.24.09

Indonesia CPO Export Tax to Remain at 3%

Indonesia CPO export tax will remain at 3% in July while cutting down the CPO ba...

06.24.09

CPO Futures Jump on China GDP Growth Estimate

CPO futures jumped 6% on Tuesday as China's annual GPD growth for the Q2 was est...

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Exxon See Growth in Alternative Energy

11.06.07

In a report that predicts steady growth in petroleum demand in the decades to come, Exxon Mobile also see rapid growth in alternatives fuel.

While petroleum oil is forecast to grow an average of 1.3% annually, alternative sources of energy such as wind, solar, and biofuel will grow by 9% per year, according to the oil giant.

Exxon says carbon dioxide emissions will rise at 2% a year, driven mainly by developing nations' heavy reliance on coal. This would push carbon dioxide emissions to about 37 billion metric tons a year from 27 billion tons in 2005.



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