Oil prices briefly surged above US$66 a barrel yesterday, driven to new six-month highs by the fear that strained relations between Iran and the West could put exports in jeopardy, as US gasoline inventories are declining and demand is strengthening.
Argentina took a step further Thursday in its diplomatic rift with the United Kingdom by announcing the creation of a register of oil companies which will not be allowed to operate on the mainland if engaged in exploration or any kind of production on the Falkland Islands.
Chile's presidential Palace La Moneda put out the red carpet this week for a quick official visit from Italy's Prime Minister Romano Prodi. During the day-long visit Prodi announced his country hoped to increase investment in Chile, especially in the renewable energy sector.
The United Kingdom government should conserve peat bogs as a way of curbing climate change, the National Trust is urging, reports BBC.
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.