Dhaka Tuesday, Jul 14, 2026
- Government Begins Talks with IMF for a New Loan Program
- Power Division Opens Control Room to Address Flood Situation
- It Will Take Time to Break Free from the Cycle of Corruption in the Power Sector: Information Minister
- Electricity Prices Increased for All Consumers
- Approval Given to Purchase Three LNG Cargoes
- Diesel, Kerosene Prices Cut By 50p For November
- AI Boom To Fuel Natural Gas Demand In Coming Years, Report Says
- Bangladesh signs €477m deals with EU and EIB for renewable energy and more
- The Current Oil Price Rally Is Reaching Its Limits
Petroleum
US President Joe Biden has ordered a major release of oil from America’s reserves in an effort to bring down high fuel costs. The release of up to 180m barrels of oil over six months is the largest since the reserve was created in 1974. Oil prices dropped on reports of the move, which is aimed at easing a supply crunch sparked by war in Ukraine. But the release –... »
Oil prices jumped on Monday to their highest levels since 2008 as the United States and European allies considered banning Russian oil imports while it looked less likely that Iranian crude would return switftly to global markets. Brent rose $5.1, or 4.3%, to settle at $123.21 a barrel, and U.S. West Texas Intermediate (WTI) rose $3.72, or 3.2%, to settle at $119.40 a barrel. During the session, both benchmarks hit... » 
Oil prices have soared more than 10% and are closing in on their all-time high levels after the risk of a US and European ban on Russian crude threatened a stagflationary shock for world markets. The global benchmark of Brent crude hit US$139.13 a barrel at the start of trading on Monday, a leap of more than $20 on Friday’s close of $118.03. The all-time of $147.50 was reached in... » 
Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports. Brent crude rose $4.82, or 4.9 per cent, to $102.75 by 1028 GMT after touching a high of $105.07 a barrel in early trade. The Brent contract for April delivery expires on Monday. The most active contract, for... »
The 31 Member Countries of the Governing Board of the International Energy Agency agreed to release 60 million barrels of oil from their emergency reserves to send a unified and strong message to global oil markets that there will be no shortfall in supplies as a result of Russia’s invasion of Ukraine. Today’s Extraordinary Governing Board meeting, held at the Ministerial level, was chaired by US Secretary of Energy Jennifer... »
London: Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014, after Russia’s attack on Ukraine exacerbated concerns about disruptions to global energy supply. Russia launched an all-out attack on Ukraine by land, air and sea in the biggest onslaught by one state against another in Europe since World War Two. The US and Europe have promised the toughest sanctions on Russia... » 
Oil prices have surged past $100 (£74) a barrel to hit their highest level for more than seven years after Russia launched an invasion of Ukraine. Global shares fell and the price of gold rose as investors worried about the possible impact of the conflict. Russia is the second biggest exporter of crude oil, and is also the world’s largest natural gas exporter. The price of oil topped $103 a... »
Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net petroleum exporter in 2020, the U.S. Energy Information Administration (EIA) said on Friday. A net petroleum importer is a country that imports more crude oil and refined products than the crude and products it exports. While the U.S. has been... »
The International Energy Agency on Friday raised its forecast for world oil demand in 2022 but warned of a ‘chronic’ failure by OPEC and its allies to meet their output targets. The 13 members of the Saudi-led Organization of the Petroleum Exporting Countries (OPEC) and their 10 allies, including Russia, had cut production sharply in 2020 as prices collapsed after the Covid pandemic emerged. The group, dubbed OPEC+, began to... »
Russian exports of diesel to the United States last month hit the highest in three years as typical winter weather drove higher demand for heating and power generation in the Northeast. Bloomberg reported that some 1.55 million barrels of diesel were currently traveling from Russia to the United States, due to arrive by the end of this month, data from Vortexa has shown. The increase in Russian diesel deliveries comes... »