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Oil - Venezuela - OPEC Agrees to Maintain Production Quotas at Record Level
* Cartel Move Is an Attempt to Ease Prices
Caracas,Venezuela -Bloomberg -2 June 2006: -- OPEC ministers meeting in Caracas, Venezuela, Thursday agreed to keep production quotas unchanged at a record high level in an effort to ease prices... The cartel, whose members produce 40% of the world’s oil, may keep its output target at 28 million barrels a day through the end of this year because prices are supported by concern about potential supply interruptions...
* France tests first flex-fuel cars in biofuel push
PARIS,France -Reuters -June 1, 2006: -- France on Thursday launched its first tests of so-called flex-fuel cars that can run on ethanol or conventional fuel in its latest push to promote wider use of renewable energy... The Marne regional government in eastern France has a special permit to test the ethanol-based E85 fuel, and use it to run a fleet of seven Ford flex-fuel cars for a year...
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