GAO urges global standards for biofuels to increase trade growth, keep energy prices down
WASHINGTON - A government watchdog agency report made public Friday warns that of declining trade and rising fuel prices unless global standards for biofuels, such as
Sourse: GAO urges global standards for biofuels to increase trade growth, keep energy prices down
ONGC, OIL small fields to go under hammer
With the spurt in international crude oil prices, small fields of government-owned Oil and Natural Gas Corporation (ONGC) and Oil India …
Sourse: ONGC, OIL small fields to go under hammer
Reichhold Announces Price Increase on all Products for European Composites Industry
… to manufacture Polyester Resins,” explained Reichhold Vice President of Sales, EMEA, Alberto Piccinotti. Escalating crude oil prices combined with a tight balance between available raw material feedstock supplies and strong …
Sourse: Reichhold Announces Price Increase on all Products for European Composites Industry
Crude oil gains after Qatar says OPEC unable to control prices
… Tuesday, January 15, 2008 By Grant Smith and Nesa Subrahmaniyan, Bloomberg LONDON — Crude oil rose for the first time in four days after Qatar’s Energy Minister Abdullah al-Attiyah …
Sourse: Crude oil gains after Qatar says OPEC unable to control prices
UPDATE 3-Maersk halts shipping to Nigerian port after attack
… but the government denied this, saying a technical fault was to blame. Exports of crude oil and gas from the country’s largest export terminal on Bonny Island, about 30 miles …
Sourse: UPDATE 3-Maersk halts shipping to Nigerian port after attack
China’s crude oil imports hit new record in 2007: customs
… China’s crude oil imports hit new record in 2007: customs China’s crude oil imports hit a new …
Sourse: China’s crude oil imports hit new record in 2007: customs
Analysts: Oil price spike like huge tax increase
… than it did in 1979. In his paper last year, Nordhaus noted that high crude oil prices had only half the expected impact on wages and the prices of other …
Sourse: Analysts: Oil price spike like huge tax increase
Commodity prices soar as wave
… Concern over emerging signs of recession in the United States depressed the price of crude oil, which seesawed in indecision yesterday, but coffee and cocoa soared as investors searched for …
Sourse: Commodity prices soar as wave
Ethanol prices benfiting from strong crude oil, energy bill
CHICAGO (Dow Jones) — Ethanol futures prices have rebounded from last fall’s lows on improved market fundamentals, and better demand prospects should keep them firm
Sourse: Ethanol prices benfiting from strong crude oil, energy bill
Finally! The Petroleum Price Hike.
By January end, the Indian Government plans to hike the prices of petroleum products. Yes, I know that’s bad news for you and me. Who likes to pay more? But no one can disagree that this price hike has been delayed long enough because of the weak-kneed, populist Central government that we have. Crude oil has touched $100 a barrel and the state-run oil marketing firms have been facing huge under-recoveries for a long time now. The total under-recoveries currently stand at Rs.72,000 crore!
Petroleum Secretary M S Srinivasan said,
“ The under-recovery for petrol currently stands at Rs 10 per litre, Rs 9 per litre of diesel, for kerosene it is Rs 19 per litre and for LPG, the under-recovery is Rs 320 per cylinder. “
And I don’t think it will stop here. Crude oil is expected to touch $150 a barrel by June this year!!! So, take this into account before you go to the showroom to buy the new Nano (or for that matter, any other vehicle).
Information Source: The Financial Express
Sourse: Finally! The Petroleum Price Hike.
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