Global oil supply hit record high in August: IEA
Global oil supply hit a record high in August as OPEC+ and other countries ramped up production, with a looming surplus keeping prices in check, the International Energy Agency said Thursday...
Tags : OPEC
8 OPEC+ countries raise output to 5,47,000 bpd
The eight OPEC+ countries said Sunday they will increase production by 5,47,000 barrels a day in a move which analysts say aims to regain market share amid resilient crude prices...
OPEC+ to hike petrol output to 548,000bpd in August
Saudi Arabia, Russia and six other key members of the OPEC+ alliance on Saturday said they would further increase oil output in August to 548,000 barrels per day.
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...
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...
Oil supply to rise in 2025 despite OPEC cuts: IEA
Oil supply is set to outpace global demand next year even as OPEC+ members extended cuts in efforts to prop up prices, the International Energy Agency said Thursday...
Sinopec to explore gas in Sylhet at Tk 444cr
The government on Wednesday appointed the Sinopec International Petroleum Service Corporation of China to drill an exploratory well and a development of a well in Sylhet...
City Bank acquires US$30m loan from OPEC Fund
City Bank has recently signed a US$30 million loan agreement with the OPEC Fund for International Development (the OPEC Fund) to support international trade by providing financing to import and export companies in Bangladesh, especially in the agriculture and green energy sectors....