Oil steady at $67 as investors await OPEC cut

 

ET DESK
Oil prices were steady at $67 a barrel Friday in Asia as investors waited to see how much OPEC will cut output quotas amid plunging prices and weakening global crude demand.
Light, sweet crude for December delivery fell 24 cents to $67.60 a barrel in electronic trading on the New York Mercantile Exchange by midday [...]

Govt should drop power, gas tariff hike plan: Mahmud

 

 

ET Report
The government should refrain itself from hiking further the power and gas tariffs in view of the ongoing global financial hurricane, said economist Wahiduddin Mahmud on Wednesday.
“I think they (government) should consider dropping its plan to spike power and gas prices,” he said.
Professor Mahmud said that any move to hike the prices of gas [...]

Country has significant gas reserves: Tamim

 

ET Report
Bangladesh has significant gas reserves that could be discovered if sufficient exploration works were carried out, Chief Adviser’s Special Assistant M Tamim said Wednesday.
“I believe the country has new gas reserve potentials of at least 10 – 15 trillion cubic feet (Tcf). Necessary exploration and drilling works are required for its discovery,” he said [...]

Govt to cut 8-10 pc of fuel prices

 

R Akter
Special assistant to the chief adviser M Tamim said they might decrease the prices within this week.We have to perform some administrative formalities before we announce the price reduction. We may announce it this week, preferably on Thursday, and if not possible, we will cut fuel prices early next week, he said. He said,’We’ll [...]

Coal potential much higher than current access

 

By Abir Mahmud

 
 

Coal production in South Asia is significant to ensure the region’s future energy security but its resource potential is larger than what is currently being accessed, a study report revealed recently.
The region’s fuel dependency can be diverted to coal from imported oil and natural gas for electricity generation. The price of coal has [...]

Entire electricity system at vulnerable stage

R.Akter
The entire electricity system, from generation to supply, is now at a vulnerable stage. Now the question is not that when there will be no electricity, rather it’s like when there will be electricity. “There was no electricity when I went to bed at night. I switched the light on in the early morning but [...]

Harnessing wind energy

 
 
ET Report
Wind turbines, large and small, have what’s called a cut-in speed, the velocity at which the wind must blow to get the turbine blades spinning and generating electricity. Looking at the long slender blades of a turbine you’d think that the slightest breeze would make them turn. This is not the case, however. There [...]

Coal demand in India to grow 8 pc

 
 
ET Report
India is the third-largest producer and consumer of coal in the world. With proven reserves of 257.38 billion (Bn) tonnes, coal is one of the most abundant sources of energy in the country. In 2007, coal accounted for 51 percent of the primary energy consumed in the country.
The coal industry is a highly-regulated [...]

Oil price dips below $71

ET Report
The price of oil fell below 71 dollars on Wednesday, its lowest level for more than 13 months, as recession fears raised concerns about a prolonged drop in energy demand, analysts said.
The global financial crisis is hitting world demand for oil, although the effect on emerging economies is unclear, OPEC said on Wednesday.
The Organisation [...]

Intraco, SK Group sign MOU

 
 
ET Report
Managing Director of Intraco Group Mohammad Riyadh Ali and The President & CEO of third largest South Korean Company SK Group Kim Joong Ho, signed a Memorandum of Understanding (MoU) on behalf of their respective organization at Bangladesh China Friendship Conference Centre (BCFCC) recently to expand trade & business in Bangladesh regarding to establish [...]