Marketplace AM for October 2, 2007
Brazil is gearing up to become a major player in the oil market. State-run oil firm Petrobras will start selling exploration licenses to foreign firms next month. Dan Grech reports.
Chevron was largely exempt from former U.S. sanctions on Myanmar, but now the White House is considering forcing the oil giant to cut its ties with the country. Profits are a major revenue source for the military junta. John Dimsdale reports.