crude oil price

Oil settles up 5% as further interest rate hikes loom

Oil prices settled up by more than 5 per cent on Friday amid uncertainty around future interest rate hikes by the US Federal Reserve, while a looming EU ban on Russian oil and the possibility of China easing some COVID restrictions supported markets.

November 15, 2022
November 15, 2022

Oil prices little changed amid China Covid concerns, supply woes

Oil prices held steady on Tuesday as rising Covid-19 cases in China sparked fears of lower fuel consumption from the world's top crude importer and a cut in OPEC's 2022 global demand forecast offset worries about tight supply.

November 5, 2022
November 5, 2022

Oil settles up 5% as further interest rate hikes loom

Oil prices settled up by more than 5 per cent on Friday amid uncertainty around future interest rate hikes by the US Federal Reserve, while a looming EU ban on Russian oil and the possibility of China easing some COVID restrictions supported markets.

June 29, 2022
June 29, 2022

Fuel prices may go up by at least Tk 10

The government is bent on raising fuel prices by Tk 10-30 each litre, despite vehement opposition from consumer rights groups and experts.

June 13, 2022
June 13, 2022

Oil falls on Beijing's Covid-19 warning, inflation worries

Oil dropped more than $2 on Monday as a flare-up in Covid-19 cases in Beijing dented hopes of a pick-up in Chinese demand, while worries about more interest rate hikes to control rampant inflation added further pressure.

June 8, 2022
June 8, 2022

Oil prices advance on low oil inventories expectation

Oil prices drifted higher on Wednesday, anticipating a report of low U.S. oil stocks, while expectations of solid demand in the upcoming driving season also lent support.

June 6, 2022
June 6, 2022

Saudi Arabia hikes crude oil prices surprisingly high for Asian buyers

Saudi Arabia, the world's top oil exporter, raised July crude oil prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer.

June 2, 2022
June 2, 2022

Edible oil price may come down soon: Commerce Minister

Edible oil prices may come down soon in the local market of Bangladesh on the back of the downturn trend in prices in the international market, Commerce Minister Tipu Munshi said today.

January 23, 2016
January 23, 2016

Decision time on fuel prices

The minister of finance has sought the opinion of the ministry of energy on how to revise prices of petroleum downwards.

January 19, 2016
January 19, 2016

Global oil price slump and Bangladesh

As per a projection put forward recently by the country's leading think-tank, the Centre for Policy Dialogue (CPD), we find that a 10 percent reduction in fuel prices could propel the country's GDP growth rate by 0.3 percent, or in dollar terms, nearly $5.2 billion; raise its export earnings by another 0.4 percent and household consumption by about 0.6 percent.

January 18, 2016
January 18, 2016

Dip in international oil price

The logic being offered by the government for not adjusting the oil price in the country with the international price is that the BPC is making up for the huge 'losses' it has run up over the years.