Russian Ural crude URL-E was trading at around $70 a barrel on Thursday afternoon. The G7 price cap on Russian marine crude is to kick in on December 5, replacing a harsh EU outright ban on buying Russian marine crude as a way of securing global oil supplies as Russia accounts for 10 of the…
BERC fixes power and fuel prices after a period of 90 days under the current law. The cabinet approved the proposed amendment so that the government can also change the price in special circumstances. The argument argued that in view of the present world circumstances, it is necessary to adjust the price of electricity, gas…
Hiroyuki Kikukawa, general manager of research, said: “In addition to growing concerns about weak fuel demand in China due to a rise in COVID-19 cases, Shanghai witnessed rare protests over the government’s tighter COVID restrictions.” The reason political uncertainty boosted sales.” In Nissan Securities. The trading range of WTI is expected to fall to $70-$75,…
Chevron may resume key role in Venezuelan oil production, exports
Bangladesh depends heavily on gas and oil for electricity generation. Experts have been pressing for diversification of energy source. There is a hydroelectric power plant in Chittagong Hill Tracts but that can generate only two hundred and thirty megawatts of electricity and there is a coal operated power plant in northern part of Bangladesh which…
Yesterday, the price of edible oil (Soya bean) in different market was Tk. 88 to Tk.92 (loose) per litre. According to tariff commission the price should be Tk.80 as the price of a ton of Soya bean is 895 USD or Tk.62.20 per litre which after expenses and profit stands at Tk.80, but the market…