- Following two months of downturns, the U.S. consumer prices rose 0.7% in January the most in a year, the Labor Department reported Wednesday. Excluding food and energy costs, prices were up just 0.2%.
- Turkey is surrounded by 75% of the world’s known reserves of oil and gas. Long-term strategies plus recent developments are turning the country into an energy hub for the region.
- Canada's consumer price index rose 0.5% in January and up 2.8% YoY.
- Factory orders in the U.K. increased from -28 to -18 in February, more than expected.
- ED&F Man predicted that world cocoa production will be down 3% in 2005-2006, resulting in a production deficit of 221,000 tons.
- U.S. refineries want to end their use of MTBE as a gasoline additive and switch to ethanol, however the Department of Energy warned there may not be enough ethanol around.
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