Market News 
11.19.07
A day after Petrobras announced discovery of between 5 billion and 8 billion bar...
11.19.07
A cloture motion to force a vote on the 2007 Farm Bill failed in the US Senate l...
11.16.07
BP To Sell All US Convenience Stores
BP said it would sell all 700 of its US owned and operated convenience stores to...
11.15.07
President Bush Calls for Action on US Energy Bill
President George Bush called for action on US energy legislation on a visit to I...
11.14.07
A new round of tax increases planned for German biofuels means no new biodiesel ...
11.14.07
Biofuels Escape Argentina Export Tax
Argentina has increased the export tax on soybeans, soy-based products, and corn...
11.13.07
French Rapeseed Planting To Drop
According to a USDA report, French rapeseed acreage in 2008 is forecast to decli...
11.13.07
EU Officials Lobby US On Biodiesel
European Union officials visited with US Senate Agriculture Committee Chairman T...
11.06.07
Exxon See Growth in Alternative Energy
In a report that predicts steady growth in petroleum demand in the decades to co...
11.01.07
Experts Raise Oil Supply Concerns
Leading figures from the Middle East oil industry are warning that the world is ...
Biofuels Escape Argentina Export Tax
11.14.07
Argentina has increased the export tax on soybeans, soy-based products, and corn, but not on biofuels, according to analysts.
The government raised the export tax on soy from 27.5% to 35%, and the tax on soy meal and soy oil exports from 24% to 32%. However, the export tax on soy-based biodiesel was left at 5%, with a 2.5% tax credit—an effective export tax rate of 2.5%.
The government also raised the tax on corn exports from 20% to 25%, while corn and sugar-based ethanol exports are taxed at an effective rate of 1%.
Argentina is expecting to quadruple biodiesel production next year, and by the end of the decade will be making 10 times the amount it produced in 2007, according to a report by the U.S. Department of Agriculture.
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