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 [...]