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Power-Energy


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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...

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Oil prices go down

Oil prices tumbled Thursday as president Donald Trump said the United States was close to making a deal on Iran’s nuclear programme, which could pave the way for increased crude supplies...

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Saudi Aramco net profits drop by 4.6pc in Q1

Oil giant Saudi Aramco on Sunday reported a drop of 4.6 per cent in its first-quarter net profits as lower sales and higher operating costs hit the lynchpin of the kingdom’s ambitious economic reform plans...

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12-kg LPG price cut down by Tk 19

The price of a 12kg LPG cylinder has declined by Tk 19 to Tk 1431 from the existing price of Tk 1,450 for the month of May...

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BP profit plunges by 70pc

Britain’s BP said on Tuesday net profit plunged in the first quarter as the struggling energy giant undergoes a major overhaul back to its fossil fuel business...

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Land-based LNG terminal at Matarbari thru PPP okayed

The government on Tuesday approved a proposal in principle for implementing the land-based LNG terminal at Matarbari in Cox’s Bazar project to be implemented under the Public-Private-Partnership initiative.

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BIDA urges BERC to revise gas price hike

The Bangladesh Investment Development Authority has urged the Bangladesh Energy Regulatory Commission to revise the recently announced gas price hike, saying that otherwise, it would affect the economic momentum. ..

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Businesses warn gas price hike to discourage investments

Manufacturers in the country’s different sectors have warned that the hike in the prices of gas for new industrial and captive connections and for existing industrial connections in case of additional use would discourage new investments...

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Gas price increased by 33pc for industries

The Bangladesh Energy Regulatory Commission on Sunday announced a 33 per cent increase in gas prices for industries planning to get new connections or expand with additional gas consumption.