Oil News
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US oil refiners set for first profit during pandemic
US oil refiners are set to post their first quarterly profit since the Covid-19 pandemic, even though higher oil prices...
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Oil prices rise over 2pc as US inventories decline
Oil prices rose for a second day on Friday as the market reacted to falling US inventories, and signs of...
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After soybean, mustard oil to be dearer
The 5 % regulatory duty imposed on the import of rapeseed may cause the cost of mustard oil to shoot...
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Edible oil prices rise again
Edible oil prices have risen for a third amount of time in two months, which makes it even more complicated...
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Processors warn of further rise in edible oil price
Edible oil is likely to become costlier on the days ahead because of the upward price trend of soybean and...
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Govt fixes edible essential oil price to tame volatility
The federal government yesterday fixed edible oil prices to tame the volatility in the domestic marketplace and curb price manipulation...
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Govt sets prices of edible oil on local markets
The federal government today set the costs of edible oil in the local markets to tame the skyrocketing price in...
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US oil prices drop below zero for the very first time in history
Wall Street fell sharply on Monday after US crude futures turned negative for the very first time ever sold, underscoring...
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Ecological backlash feared as huge oil spills into Karnaphuli
Huge oil has spilled into the Karnaphuli River from a ship following a collision with another one in the Dolphin...
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Oil import bill to soar this year
The government's oil import bill is set to jump 36 percent this fiscal year thanks to the appreciation of the...
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Iran to sell oil despite US sanctions
Iranian vice president Eshaq Jahangiri acknowledged on Tuesday that US sanctions would hurt the economy but promised to “sell as...
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Oil prices rally on supportive comments
Oil prices settled higher on Friday as Investor sentiment was boosted by supportive comments from OPEC (Organization of the Petroleum...