A weak dollar and geopolitical problems are fueling the speculative bubble in oil markets which should be trading at around half the current price of a barrel said on Monday, OPEC President Chakib Khelil.
United States investment bank Lehman Brothers is raising 6 billion US dollars to boost its finances after predicting a loss of 2.8 billion in the second quarter of 2008.
Dozens of dead penguins and others alive but with traces of oil appeared over the weekend along the east of Uruguay according to a marine life conservation non government organization.
Uruguay hopes to attract the interest of global oil corporations when it makes a first tentative presentation of recent seismic survey data from its continental shelf next Thursday at the European Association of Geoscientists and Engineers meeting in Rome.
The energy ministers of the world's leading industrialised nations are meeting in Japan amid fears soaring oil prices could damage the global economy.
The rising costs of energy, metals, manpower, transport, and so on, have conspired with the unfavourable foreign exchange developments of the year to make it an altogether tough time for the global seafood industry. Still, despite many sector hardships, the picture is hardly consistent.
Argentina was chosen last week to the chair of the United Nations General Assembly Special Political and Decolonization Committee which is concerned with disarmament, peace keeping operations as well as decolonization.
Argentina's Foreign Affaire minister Jorge Taiana will be addressing next Thursday the United Nations Special Committee on Decolonization, or C24, when he is expected to reiterate Argentine claims over the Falkland Islands and other South Atlantic insular territories sovereignty.
The British Government has told the United Nations that Gibraltar, --which is disputed by neighboring Spain-- should be removed from the Unite Nations list of colonies, reports the Gibraltar Chronicle.
Exports from one of Mercosur's junior members Uruguay could reach ten billion US dollars this year, a considerable hike from the 6.8 billion of 2007 and the original official estimate of above 9 billion US dollars, according to sources from the Ministry of Economy.