Market News

03.06.08

Goldman Sachs Sees Palm Oil Price Drop

PALM oil futures in Malaysia, the global benchmark, may fall between 15% and 20%...

03.06.08

Chinese Oil Companies Ordered To Guarantee Supply & Margins

The Chinese government has ordered the country's two state oil companies, CNPC a...

03.05.08

Indonesia Slows Biodiesel Investments

Some Indonesian companies are halting or amending plans to make biodiesel, sayin...

03.05.08

Asian Vegetable Oil Markets End Rally

A record-breaking rally for Asian vegetable oil markets was brought to an abrupt...

03.04.08

Kiplinger Sees Increase in Soy Yields

The Kiplinger Agriculture Letter predicts that yields of soybeans will increase ...

03.03.08

Saudi Oil Minister Links Oil Prices to Biofuels

Saudi Arabia's oil minister Ali al-Nuaimi says oil prices will stay above a mini...

02.29.08

US Federal Reserve Supports Brazilian Ethanol Trariff Cut

US Federal Reserve Chairman Ben Bernanke told the US Senate Banking Committee th...

02.29.08

Vietnam & Brazil Sign Ethanol Protocol

A protocol on cooperation in ethanol production and use between Vietnam and Braz...

02.28.08

BP Moving Away From "Green" Image

British Petroleum is moving away from its “green” business branding, focusing on...

02.27.08

Palm Oil Prices Double in Past Year

Godrej International’s chief analyst says palm oil prices have doubled in the pa...

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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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