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
OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs. The OPEC published its World Oil Outlook 2015 (WOO) in late December, which struck a much more pessimistic note on the state of oil markets than in the past. On the one hand, OPEC does not see oil prices returning to triple-digit territory within... »
Chief Economist of Bangladesh Bank Biru Paksha Paul has suggested reducing fuel prices in line with global rates to boost investment in the country. However, Prime Minister’s Adviser on Energy issues Tawfiq-e-Elahi Chowdhury has disagreed saying fuel-price parity will have no impact on domestic investment. They were speaking at a discussion titled “States of the Economy” organised by the Board of Investment on Tuesday. Biru Paksha Paul argued that the... »
Oil prices have fallen to levels not seen since 2004, surpassing the lows seen during the recession of 2008. Brent crude sank to $36.05 a barrel – its weakest since July 2004 – before recovering slightly to $36.56. A global oversupply has dramatically driven down the price of oil, with suppliers failing to reach agreements to address the glut. Just 18 months ago, in June 2014, the price of oil... »
The country requires around 1.7 million Metric Tonnes (MT) of diesel during the December-April period to meet the additional demand for irrigation during the peak season for boro plantation, according to a ministry official. “The government is committed to ensure smooth supply of diesel to meet farmer’s demand during the irrigation season,” State Minister for Power, energy and Mineral Resources Nasrul Hamid told on Sunday. He also said currently power... »
BNO Lubricants, brand of Lub-rref (Bangladesh) ltd., brings mobile oil transformer filtration system to facilitate customers service. The system will ensure door to door oil supply service at customers call. The advanced system will improve dielectric strength of in-service transformer oil up to a significant level also guarantees longer life of processed oil as well as it will help to remove foreign materials, moisture content, dissolved gas and restore pH... »
US politicians have approved a measure to lift the 40-year ban on crude oil exports. The move is part of a $1.1 trillion (£738bn) spending bill approved by the Senate on Friday that will fund the US government until 2016. Oil prices rose on Friday following several weeks of falls, as the markets cope with a glut of crude. US West Texas Crude gained 1.1% to $36.38 a barrel, while... »
Oil tumbled to fresh multi-year lows in Asia Friday after the OPEC cartel said output had surged, exacerbating concerns over a supply glut that is expected to persist beyond next year. The Organization of the Petroleum Exporting Countries reported its collective production rose by 230,100 barrels a day in November to 31.7 million, the highest in three and a half years and beyond its 30 million ceiling target. The group... »
The Executive Committee of the National Economic Council (Ecnec) Tuesday approved the Installation of Single Point Mooring with Double Pipe Line project with an outlay of Tk 49.35 billion (4,935.97 crore), aiming to ensure smooth unloading of crude oil and finished products. The approval was given at the 15th Ecnec meeting of the current fiscal year held at the NEC conference room with Ecnec Chairperson and Prime Minister Sheikh Hasina... »
More than 30 workers have been reported killed in an inferno at an oil platform in Azerbaijan. A fire on an offshore oil platform in the Guneshli field near Azerbaijan has claimed the lives of 32 workers. More than 40 were rescued in an emergency evacuation as the inferno took hold. The country’s state energy company State Oil Company of the Azerbaijan Republic (Socar) said the fire started after a... »
Chief scientific officer of Bangladesh Atomic Energy Commission AKM Fazle Kabria on Saturday said uranium of 500 ppm has been found in Sylhet and Moulvibazar areas. He, however, said this is still at the study and research level whether this uranium will be commercially extractable or not. But internationally, uranium of 300ppm to 1000pmm is used for different purposes. The BAEC official disclosed this while addressing a seminar on primary... »