Power & Energy

The price for May 2022 futures contracts for Brent oil increased 5.83% on London’s ICE, to $111.09 per barrel as of 05:46 Moscow time on Wednesday. As of 05:52 Moscow time, the growth slowed down to 5.77%, to $111.03 per barrel. The last time Brent crude price exceeded $111 per …

The price for May 2022 futures contracts for Brent oil increased 5.83% on London’s ICE, to $111.09 per barrel as of 05:46 Moscow time on Wednesday. As of 05:52 Moscow time, the growth slowed down to 5.77%, to $111.03 per barrel. The last time Brent crude price exceeded $111 per …

Rosatom, the contractor of the Rooppur Nuclear Power Plant, dismissed the notion of potential delays in the construction of the project amid Russia’s war on Ukraine even though some Russian banks might be excluded from the SWIFT messaging system. “No disruption is foreseen in any of the commitments and work …

Crude oil prices and safe havens surged Monday while the ruble and European equities sank after world powers imposed fresh sanctions on Russia over its invasion of Ukraine, fanning fears about a possible global energy crisis that could further stoke inflation. Brent crude again topped $100 per barrel and Europe’s …

State Minister for Power, Energy and Mineral Resources Nasrul Hamid has said the government is working to keep the gas price within the tolerable level of people. “We’re watchful so that any rise in gas price doesn’t create public discontent,” he said while talking to reporters during a visit to …

Opec+ will likely stick to existing policies of moderate output increases on Wednesday, five sources from the producers’ group said even as it expects demand to rise to new peaks this year and as oil prices trade near their highest since 2014. The group, which comprises of the Organization of …

State Minister for Power, Energy and Mineral Resources Nasrul Hamid said expansion of clean energy is a must for balanced development. “Balance distribution of modern technology for increasing the use of renewable energy is required, keeping the environment safe,” he said this while speaking as the chief guest at a …

The price of bitumen is likely to rise by Tk 1,000-1,200 per barrel coupled with a further hike in fuel tariff in the country as the global price of crude oil, the raw material for producing bitumen, has jumped by 23 percent in the last one month. The crude oil …

The government should move gradually and reconsider energy companies’ recent proposal to raise gas prices as any sharp hike will increase overall cost of production of industries, said Abul Kasem Khan, chairperson of Business Initiative Leading Development (BUILD). “If gas prices are hiked at a steep rate, it will not …

Oil prices hit their highest levels in more than seven years Tuesday, driven in part by hopes of a global economic recovery that would ramp up demand. Stock markets however headed south, with US Treasury yields surging on expectations the Federal Reserve will have to unveil several interest rate hikes …