Feds Plan to Enforce Biofuel Mandate

The USDA announced plans to enforce the Renewable Fuels Standard, which would remove restrictions to the sale of higher ethanol blends of gasoline like E15. The EPA will seek comment on actions to ensure that more than 15 billion gallons of conventional ethanol be blended into the nation’s fuel...

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Petrochemicals Set to Be Largest Driver of World Oil Demand

Petrochemicals are becoming the largest drivers of global oil demand, in front of cars, planes and trucks, according to a major study by the International Energy Agency. Petrochemicals are set to account for more than a third of the growth in world oil demand to 2030, and nearly half the growth to 205...

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Consumer Price Index Unchanged in September

The Consumer Price Index was unchanged in September on a seasonally adjusted basis after rising 0.1% in August, the U.S. Department of Labor reported. Over the last 12 months, the all items index increased 1.7% before seasonal adjustment.

Increases in the indexes for shelter and food were offset by de...

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Global Manufacturing Contracts for Fifth Straight Month

The global manufacturing sector deteriorated further in September but edged closer to stabilization. This was signaled by the J.P.Morgan Global Manufacturing PMI, which rose for the second month running to 49.7. Although still below the neutral mark of 50.0 that separates improvement from deteriorat...

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