The seven major producers will add 188,000 barrels per day to their total production quota for June

Bangladesh has opportunities to bridge South and Southeast Asia

The island has also rationed fuel following supply disruptions

Convenient, full of flavour and popular among locals and tourists alike, Bangkok's street food is one of the city's signatures

The UAE, one of the world's top producers, announced April 28 it was withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) and the expanded OPEC+ group, after chafing at their production quotas. The withdrawal took effect on Friday.

India raised on Friday the prices of commercial liquified petroleum gas and jet fuel for international airlines, according to a state-run energy firm, as supply pressures from the Iran war mount.

US President Donald Trump’s war with Iran was always unpopular at home.

The association demanded duty cuts for hybrid and plug-in hybrid vehicles

Nearly a quarter of all US LNG exports went to Asia during the month

The South Asian nation is heavily dependent on imported energy

Brent crude futures for July settled at $108.17

He accuses German automakers like Mercedes-Benz and BMW of ripping off Americans

US Federal Reserve Chair Jerome Powell made a fervent appeal Wednesday for central bank independence, as he prepares to cap an eight-year term at its helm marked by insults and legal action under the Trump administration.

Rising global energy prices, driven by geopolitical tensions, along with recent domestic fuel price adjustments, are pushing up production and transport costs and threatening Bangladesh’s export competitiveness, according to a General Economics Division (GED) report published yesterday.

Commerce minister attended the virtual hearing with UNCDP chair, held on April 29

Brent for June delivery, which hit a peak of $122.53 Wednesday, was sitting around $120 in Asian trade, while West Texas Intermediate was around $108.

Airbus said Tuesday its first-quarter profit fell as it delivered fewer planes to customers, falling behind rival Boeing for the first time in years.

Russian Finance Minister Anton Siluanov said on ​Wednesday that the decision by the United Arab Emirates ‌to leave Opec will mean the oil-producing countries will boost production, bringing down global prices in the future.

Oil prices rose Wednesday as talks to end the Iran war appeared to be at a standstill and the crucial Strait of Hormuz no nearer being reopened.

The MCCI organises dialogue on Bangladesh’s investment climate