Oil price rises, global stocks mixed
Oil prices rose and stock markets diverged Wednesday as investors tracked the Israel-Iran conflict and a looming US interest rate decision...
Power-Energy
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Sri Lanka raises electricity price in line with IMF bailout
Cash-strapped Sri Lanka on Wednesday announced a 15 per cent increase in the electricity price to shore up revenues for the state-run utility, in line with conditions imposed by an IMF bailout...
Oil under $65 a boon for consumers
US president Donald Trump鈥檚 tariffs, his call to 鈥榙rill baby drill鈥� and especially a decision by OPEC+ to hike crude output quotas have oil prices trading at lows not seen since the Covid pandemic...
Govt brings 4 cargoes LNG to increase gas supply to industry
Power, energy and mineral resources adviser Muhammad Fouzul Kabir Khan has said the government has brought four additional cargoes of Liquefied Natural Gas to increase gas supply to industries...
Diesel, octane, petrol prices cut, kerosene up by Tk聽10
The government has reduced the prices of diesel, octane and petrol while raising the price of kerosene...
OPEC+ announces sharp increase in July oil production
Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude production for July...
Shell acquires TotalEnergies stake in Nigeria
France鈥檚 TotalEnergies said on Thursday that it would sell its stake in a major offshore oil field in Nigeria to UK energy giant Shell for $510 million.
Govt to procure 1 cargo LNG, 70,000 tonnes of fertiliser
The government on Tuesday approved separate proposals for procuring some 1 cargo LNG, 70,000 tonnes of fertiliser and 45 lakh liters of refined rice bran oil to meet the growing demand of the country...
TotalEnergies to face court in June in 鈥榞reenwashing鈥� case
TotalEnergies will face a Paris civil court in June over allegations it made false advertisements about its climate pledges鈥攁n unprecedented case in France against a major fossil fuel company, activists said Friday...
TotalEnergies to face trial in 鈥榞reenwashing鈥� case
TotalEnergies will face a Paris civil court in June over allegations it made false advertisements about its climate pledges 鈥� an unprecedented case in France against a major fossil fuel company, activists said Friday.
Oil prices jump
Crude prices rallied Wednesday following a report that US intelligence suggested Israel was planning a strike on Iranian nuclear facilities, which would send geopolitical tensions into overdrive and fuel regional conflict fears...