 "I would expect to see some consolidation after so many days of falls. I think the target is $65/barrel and then we may see a rebound." - A London-based trader discussing the short term prospects for ICE Brent futures. "If after the three-day warning strike government fails to address the issues raised in this communique...Nupeng and Pengassan will have no other option but to withdraw their services indefinitely." -A statement released Friday by the Nigerian Pengassan and Nupeng oil workers union concerned over the governments inability to quell unrest. Updated: 09/04/06 "Demand for biodiesel continues to grow strongly in the UK and Continental Europe reinforcing the group's belief that the level of demand will continue to outstrip supply." -Biofuels Corporate spokesman discussing the growth of biodiesel as the UK company's shares rise 5.7% to $1.76. Copyright © 2005 - Platts Please visit: www.platts.com Their coverage of energy matters is extensive!!. |