• Tuesday, Dec 07, 2021
  • Last Update : 09:29 am
OPEC+ meets under pressure from Biden...

OPEC+ meets under pressure from Biden...

Business

Tue, Nov 30 2021

The meeting "is shaping up to be one of the most significant since the pandemic demand recovery...

IEA urges OPEC to take 'necessary steps'...

IEA urges OPEC to take 'necessary steps'...

Business

Thu, Nov 25 2021

OPEC nations and their allies, including Russia, agreed in July to slowly increase their oil output each...

Iraq backs OPEC's existing plan for...

Iraq backs OPEC's existing plan for...

Business

Thu, Nov 25 2021

The Organization of Petroleum Exporting Countries was cautious about increasing or decreasing oil supply...

US trying to persuade Russia to raise...

US trying to persuade Russia to raise...

Business

Thu, Nov 25 2021

The White House on Tuesday said the United States would release 50 million barrels of crude from the...

White House statement: US releases 50...

US releases 50mn barrels from strategic...

Business

Tue, Nov 23 2021

As the world is re-opening from a near economic standstill, countries across the globe are grappling...

India to release 5 million bbls oil...

India to release 5mn bbls oil from strategic...

Business

Tue, Nov 23 2021

The move is part of efforts led by US President Joe Biden's for a coordinated release of stockpiles,...

Oil and euro slip, markets on edge over...

Oil and euro slip, markets on edge over...

Business

Mon, Nov 22 2021

Oil futures skidded about 1% at the open, sending Brent crude and US crude to seven-week lows of $78.05...

US delegation: Oil-exporter UAE accepts...

US delegation: Oil-exporter UAE accepts...

Business

Sat, Nov 13 2021

The UAE's leaders "recognise that their future is not going to be in oil", Senator Ben...

Exxon, Chevron look to make renewable...

Exxon, Chevron look to make renewable...

Business

Thu, Aug 12 2021

Both Chevron and Exxon have massive refining divisions that contribute heavily to their overall carbon...

Oil prices up again

Oil prices up again

Bangladesh

Mon, Mar 15 2021

Govt says it kept in mind the interest of refineries and consumers

Price of edible oil has not come...

Price of edible oil has not come...

Bangladesh

Wed, Feb 24 2021

On February 17, the Commerce Ministry set the prices of each litre loose soybean oil at Tk107 at mill...

High oil prices ahead of Opec+ meeting,...

High oil prices ahead of Opec+ meeting,...

World

Tue, Nov 17 2020

Equity markets rose on hopes of a quicker economic recovery

US sells oil seized from Iran to Venezuela...

US sells oil seized from Iran

North America

Fri, Oct 30 2020

President Donald Trump has been seeking to weaken Iran regionally and to remove Venezuela's leftist...

Oil holds steady near multi-week lows...

Oil holds steady near multi-week lows...

North America

Thu, Sep 3 2020

Data showed jobs growth was slower than expected in August, while factory orders in July were higher...

Sources: Indian state refiners halt...

Indian refiners halt oil imports from...

Business

Thu, Aug 27 2020

India is the world’s third biggest oil consumer and imports nearly 84% of its needs

Oil edges lower on oversupply concerns...

Oil edges lower on oversupply concerns...

World

Mon, Aug 3 2020

Opec+ is set to step up output in August, adding about 1.5 million bpd to global supply 

US turns screws on maritime industry...

US turns screws on maritime industry...

Latin America

Mon, Jul 13 2020

US sanctions have driven Venezuela’s oil exports to their lowest levels in nearly 80 years

Thousands more evacuated from site of...

Thousands more evacuated from site of...

South Asia

Thu, Jun 11 2020

Company officials said around 7,000 people living nearby have now been evacuated, after some 2,500 local...

Oil falls 3% despite OPEC+ cuts as Gulf...

Oil falls 3% despite OPEC+ cuts as Gulf...

World

Tue, Jun 9 2020

China, the world’s largest crude importer, said purchases hit a record high of 11.3 million bpd...

Oil hits 3-month high over hopes for...

Oil hits 3-month high over hopes for...

World

Wed, Jun 3 2020

Opec and others may extend production cuts of 9.7m bpd or about 10% of global output

Explainer: Why oil-rich Venezuela is...

Explainer: Why oil-rich Venezuela is...

World

Wed, May 20 2020

A summary of the factors contributing to Venezuela’s gasoline shortage