Oil held below $63 on Tuesday after hitting a 2007 high the previous day on the widening political dispute between Iran and the West and concerns over supply in the United States due to refinery glitches.
BHP Billiton officially opens Spence mine; U.S. publication names Santander best bank in Chile; U.S. business funding copper thefts; Chile's GDP almost doubles in three years; Public transport is stressing commuters.
Brazil's Petrobras and Italy's ENI energy companies signed Tuesday an agreement in Sao Paulo, Brazil, to develop and commercialize bio-fuels technology and announced plans to build four bio-diesel plants in Brazil.
Brazil's president said on Monday he will ask President Bush to help advance global trade talks when he visits Washington this week.
The Argentine government rejected this week calls from the head of Brazil's government owned oil company, Petrobras, for changes in energy pricing in Argentina, where gasoline and diesel prices have been virtually frozen for more than four years.
United States Treasury Secretary Henry Paulson arrived in Guatemala Monday vowing to back efforts to expand the benefits of free trade, combat poverty and promote bio-fuels such as ethanol.
Five of the world's leading producers of natural gas, Venezuela, Algiers, Qatar, Iran and Russia will be launching the gas OPEC during the next energy conference scheduled for April 9 in Doha according to a report from the Russian newspaper Kommersant, quoting Arab diplomatic sources.
At one o'clock Sunday, March 10th, Chileans will have to set clocks sixty minutes back officially signaling the beginning of winter time.
Peru's government owned oil company Petroperu signed memorandums of understanding with a French firm to build a 500 million US dollars gas pipeline and with a Brazilian company to construct 2.8 billion in petrochemical projects.
Six days after Chile's government announced a committee to investigate the feasibility of nuclear power, Mining and Energy Minister Karen Poniachik said this week that no nuclear program would start during President Michelle Bachelet's term. The committee's study, costing 200.000 US dollars, will however go ahead.