Energy Bangla

Energy electricity and environment news portal

Dhaka Sunday,  Apr 30, 2017

Petroleum

oil-prices-falling The government has finally reduced the costs of fuel oil across the board amid plummeting global oil prices.   The move comes 23 days after it made furnace oil cheaper in the wake of a call by businesses for a blanket cut. The prices of diesel and kerosene have been brought down by Tk 3 a litre, and octane and petrol by Tk 10. The power, energy and mineral resources... »
eastern-refinary-2-sign The state-run Eastern Refinery Limited (ERL) today signed a deal with Indian firm Engineers India Limited (EIL) to appoint consultant for implementation of the second unit of ERL. “We have planned a series of measures to augment energy production in the country through implementing the ERL unit-2 and setting up the LPG plant to gear up the energy supply,” state minister for power and energy Nasrul Hamid told Energy Bangla... »
BNO BRANDED PRODUCTS INAUGURATION Bangladeshi Transformer Oil is being exported to Nepal. This oil will be used in the electric transformers there. BNO (Bangladesh National Oil) Lubricants Ltd. is the only one of its kind company which is solely producing and exporting transformer oil to Nepal. This is for the second time, Bangladesh is exporting that type of oil to Nepal. BNO has its own manufactory situated in Chittagong from where the oil is being exported overland by containers.... »
Nasrul Hamid The state minister for Power Energy and Mineral Resources, Nasrul Hamid warned petrol pump owners saying that their licenses would be cancelled if anyone stops selling fuel. Already a total number of 350 pumps have been identified as adulterated oil seller, he added it on Wednesday while talking with the journalists at his office in secretariat. The state minister said that the gazette notification will be issued within any day in-between 21st to 24th of... »
oil-tank-337x205 Artificial Fuel crisis is being seen in the Petrol Pumps throughout the country. Depot owners reduced unloading oils, after the government’s recent announcement on reducing oils prices. Hence, the crisis is diffused throughout the Petrol Pumps as well. As a result, consumers have not been able to get required amount of oils from the petrol pumps. According to the related sources, there has been no oil in almost 250 Petrol Pumps from Friday to Tuesday.... »
oil-prices-falling Oil prices extended losses in Asia Thursday following a rise in US commercial crude stockpiles, while traders turned cautious ahead of a crunch producers’ meeting. A warning by the Organization of the Petroleum Exporting Countries that the world remains oversupplied also dampened sentiment as key producer nations prepared to gather in Doha for Sunday’s talks on freezing output. At around 0250 GMT, US benchmark West Texas Intermediate for delivery in... »
oil pic After a 50 percent rally in oil prices between February and March, crude has retreated a bit as of late. The upcoming OPEC-Russia meeting in Doha looms over the markets, but few expect the outcome to have any material impact on supply and demand. Global supply still exceeds demand, but there are solid signs that the overhang is finally starting to ease. Storage levels are high, but are expected to... »
oil-prices-falling A proposal for reducing oil prices has been sent from the energy division to the prime ministers office for approval. The proposal was sent on this Thursday. Sources from energy division have confirmed this news. According to the sources, this proposal includes the price cut issue of Diesel, Kerosin, Octane and Petrol. A revised pricelist on these fuels is going to be published as a gazette after it gets accredited... »

Oil Price Revision Within 7 Days: Nasrul Hamid

Gas,Electricity Prices Re-adjustment

oil-tank-337x205 A circular to adjust prices of octane, petrol, diesel and kerosene will be issued within ‘seven to 10 days’, says State Minister for Power, Energy and Mineral Resources Nasrul Hamid. “We want to offer a reasonable rate,” he said on Monday at his office. Speaking to the media, the minister initially said a circular would be issued within seven days, but later revised that to ‘within seven to 10 days.’... »
oil price lowest Oil slipped to a one-month low on Tuesday after a surprise fall in gasoline demand in the United States, the world’s largest oil consumer, and on doubts whether oil producers can agree an output freeze to dampen a global supply glut. U.S. gasoline demand, one of the strongest pillars supporting oil consumption, fell in January for the first time in 14 months, U.S. Energy Information Administration data showed. The world’s... »