A U.S. commodity trade organization is providing ethanol research to a Philippine university – an example of similar sharing of renewable fuel information with interested nations.
Nearest delivered oil futures on the New York Mercantile Exchange and the front-month Brent contract on the Intercontinental Exchange settled lower on Thursday.
The Union Minister for Road Transport and Highways, Nitin Gadkari, while addressing a conference, said Petrol will be over in the next 5 years and emphasis should be given on ethanol fuel.