Energy Bangla

Energy electricity and environment news portal

Dhaka Sunday,  Apr 30, 2017

Petroleum

OIL TRAIN The price of all other Petroleum oils is going to be reduced soon as the price of Furnace oil is already being cut, stated by the State Minister for Power, Energy and Mineral Resources Nasrul Hamid. Nasrul Hamid confirmed about this price cut on Monday, while talking with the journalists at secretariat. The state minister said that, initiatives are about to be taken to cut the price in three phases.... »
oil-prices-falling The government has reduced the price of furnace oil amidst a growing demand for cuts in prices of all types of fuel oil. The power, energy and mineral resources ministry announced on Thursday a cut of Tk 18 a litre, bringing down the furnace oil price from Tk 60 a litre to Tk 42 The new retail price will take effect at midnight. Furnace oil is usually used to generate... »
oilfield The government is set to start importing refined petroleum products at lower costs under the re-introduced open tendering that would replace the purchase under term deals. Under the new procurement system, the BPC has picked up best offers from ENOC and Unipec for oil supply. The state-owned Bangladesh Petroleum Corporation (BPC) has already recommended awarding tender to Emirates National Oil Company (ENOC) and Unipec Singapore Pte Ltd to get supply... »
aindustries-oil Bangladesh will import 1.3 million tonnes of crude oil from Saudi Arabia and the United Arab Emirates (UAE) at a cost over Tk 43.98 billion. The cabinet committee on public purchase approved Wednesday this big buy of petroleum fuel alongside seven other projects worth a total of Tk 51 billion. Eastern Refinery Ltd will import 0.6 million tonnes of crude at a cost of Tk 21.33 billion from Abu Dhabi... »
oilprice Just over three months after the authorities lifted the four-decade ban on crude oil exports, the U.S. has actually exported less this year than it did over the same period the year before, when the ban was still in place. According to Clipper Data market intelligence cited by the Financial Times, we’ve seen a 5 percent decline in U.S. crude oil export volumes since the beginning of this year. The... »
oil-prices-falling The government has decided to reduce the price of furnace oil but the figure will be announced in a week, State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said. “We’ve decided to cut the price of furnace oil used in power plants and factories. The amount of the cut will be announced within a week after evaluation,” Hamid said on Monday, speaking to bdnews24.com. Asked whether the... »
oil-field Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase. U.S. oil production has steadily lost ground over the past two quarters, with production falling more than a half million barrels per day since hitting a peak at... »
Brussels-terror Oil prices were barely changed Tuesday with markets showing little impact from the bombing attacks in Brussels that killed around 35 people. US benchmark West Texas Intermediate (WTI) for delivery in May was down seven cents at $41.45 a barrel. Brent North Sea crude for May delivery added 25 cents to $41.79 a barrel. Analysts said the tendency of such attacks to dampen economic activity could put some downward pressure... »
bd-india State-run Bangladesh Petroleum Corporation (BPC) on Saturday received a goodwill consignment of 2,281 tonnes of high speed diesel (gasoil) loaded in 42 rail wagons from India’s Numaligarh refinery owned by Bharat Petroleum Corporation Ltd (BPCL). The goodwill consignment of diesel of BS III Grade with 350 ppm sulphur content is an outcome of the discussion between the two governments for fuel trade. The arrival of the consignment is a trial... »
india diesel The train carrying the first consignment of Indian gasoil to Bangladesh as a “goodwill gesture” has been flagged off. India’s Petroleum and Natural Gas Minister (Independent Charge) Dharmendra Pradhan flagged off the train carrying 2200 tonnes of gasoil from Siligurhi on Thursday, the Indian High Commission says. Bangladesh’s State Minister for Power, Energy and Mineral Resources Nasrul Hamid and Indian High Commissioner Harsh Vardhan Shringla will receive the consignment at... »