Oilgame

President Hugo Chavez has been vigorously boosting his ambitious plans to produce ethanol as the eco-fuel of choice in recent times. However, it suddenly emerged as a major point of disagreement with Brazilian leader Luiz Inacio Lula da Silva. The...

Brazilian President Luiz Inacio Lula da Silva has said that a U.S. tariff on Brazilian ethanol does not make sense. He further said that he will complain about it to U.S. President George W. Bush as the president is scheduled to visit Brazil later.

Bolivia and Brazil has reached an agreement on how much Brazil will pay for Bolivian natural gas, resolving a year's long disputed issue which has divided neighbours. Brazil keen to settle the dispute as it depends on Bolivia for 50 percent of...