Oil prices

Oil prices rise, but post biggest weekly decline since March

Oil prices rose on Friday but remained posted their steepest weekly losses since March, after another partial lifting of Russia's fuel export ban compounded demand fears due to macroeconomic headwinds.

Russia should help us with supply of LNG, wheat and fertilisers / Lavrov’s visit consolidates Bangladesh-Russia relations

Lavrov made strong statements on US interference and Russia’s commitment to working with its partners to prevent any outside “dictates.”

Oil nudges up as China cuts policy rates to support economy

Oil prices edged higher on Tuesday as China unexpectedly cut key policy rates for the second time in three months to shore up a sputtering economic recovery, but sluggish economic data from the country put a lid on gains.

Oil steady as recession fears counter positive Chinese signals

Oil prices were steady on Monday as China's continuation of loose monetary policy was offset by fears that high inflation and energy costs could drag the global economy into recession.

Oil prices hold steady as recession worries offset lower US stocks

Oil prices were little changed on Thursday as investors grappled with falling stockpiles in the United States, rising output from Russia and worries about a potential global recession.

Oil extends losses as weak demand outlook lingers

Oil prices fell on Tuesday as bleak economic data from top crude buyer China renewed fears of a global recession.

Crude oil prices lower in US as stockpile rises

Oil prices edged lower on Wednesday, after industry data showed US crude inventories unexpectedly rose last week, signaling a potential hiccup in demand.

Oil bounces as China, US data ease recession concerns

Oil prices bounced higher from multi-month lows on Monday as investors' appetite improved following data on US jobs and Chinese exports data that eased recession concerns.

Oil prices jump as soft dollar, tight supplies support

Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread COVID-19 lockdowns in China again reducing fuel demand.

February 17, 2016
February 17, 2016

Can lower price hurt the economy?

While lower fuel cost may keep the cost of driving low and the opportunity cost of conservation high, the setback is predicted to be temporary.

January 23, 2016
January 23, 2016

BNP urges govt to lower oil prices

BNP urges the government to adjust prices of all fuel oils in line with the plunge in the global market.

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 20, 2016
January 20, 2016

Global stock markets dive amid oil rout

Stock markets worldwide have tumbled with investors unsettled by the continued slide in oil prices and fears about the impact on global growth.

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

Oil price falls below $28 a barrel as Iran sanctions lifted

The oil price falls below $28 a barrel amid fears the lifting of Western sanctions on Iran could worsen the existing oversupply problem.

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.

January 8, 2016
January 8, 2016

Sloshing oil, slapping bouts, our interests

While maxi-oil wars are playing out in the Middle East and North Africa we have our mini version of an oil battle to be won at home.

January 6, 2016
January 6, 2016

Oil price falls below $35 a barrel to fresh 11-year low

Oil has continued its rollercoaster ride into the new year, with Brent crude falling below $35 a barrel for the first time in 11 years.

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