Libya’s largest oil refinery halts operations during fighting
Libya’s largest oil refinery halts operations during fighting

Libyas largest operational oil refinery at Zawiya has been shut down and an emergency declared following fighting between armed groups nearby, reports Al Jazeera. The National Oil Corporation (NOC) and Zawiya Refining Company announced a precautionary halt to operations and evacuated employees...

Oil prices rise amid renewed US-Iran tensions in Hormuz
Oil prices rise amid renewed US-Iran tensions in Hormuz

Global oil prices climbed on Friday after renewed clashes between the United States and Iran in the Strait of Hormuz raised fears of supply disruptions, although gains later eased amid hopes for a diplomatic breakthrough, reports Al Jazeera. Brent crude futures rose as much as 3 percent during...

US crude oil futures recover following speculation over US-Iran peace deal
US crude oil futures recover following speculation over US-Iran peace deal

US crude oil futures rose by approximately $1 in early Thursday trading as investors weighed the prospects of a potential peace deal in the US-Israel war on Iran, reports Al Jazeera. US West Texas Intermediate (WTI) crude futures climbed 80 cents to reach $95.88 a barrel by 22:23 GMT, after...

100,000t of crude oil arrive from Saudi Arabia
100,000t of crude oil arrive from Saudi Arabia

A vessel named MT Ninemia, carrying 100,000 tons of crude oil from Saudi Arabia has anchored at Kutubdia, marking the first such shipment in two months amid disruptions caused by the closure of the Strait of Hormuz. Bangladesh Shipping Corporation (BSC) Managing Director Commodore Mahmudul Malek...

Oil sinks and stocks rally on peace hopes
Oil sinks and stocks rally on peace hopes

Oil prices extended losses and stocks rallied Wednesday on fresh hopes for an end to the Iran war and the reopening of the Strait of Hormuz, while Samsung blasted past the $1 trillion valuation mark as the AI tech boom continued apace, AFP reported. Investors welcomed Donald Trumps decision to...

UAE’s Fujairah oil site hit by drone, fire breaks out
UAE’s Fujairah oil site hit by drone, fire breaks out

Authorities in the UAEs Fujairah confirmed fire at the Fujairah Petroleum Industries Zone (FOIZ) following what they described as a drone strike originating from Iran, Khaleej Times and Al Jazeera reported. Fujairah Civil Defence teams were immediately deployed to the site and are continuing...

Iran fired drones at ADNOC oil tanker in Hormuz: UAE
Iran fired drones at ADNOC oil tanker in Hormuz: UAE

The United Arab Emirates (UAE) says Iran launched two suicide drones at a tanker affiliated with its Abu Dhabi National Oil Company in the Strait of Hormuz, Al Jazeera reported. Targeting commercial shipping and using the Strait of Hormuz as a tool of economic coercion or blackmail represents...

Oil prices rise on fears of US-Iran clash in Strait of Hormuz
Oil prices rise on fears of US-Iran clash in Strait of Hormuz

Oil prices are moving higher on renewed concerns about the safety of transiting the Strait of Hormuz after Irans navy claimed it had prevented two US ships from entering the waterway and attacked US vessel with two missiles, CNN reported. Brent crude, the global oil benchmark, is up 3.8% to...

Iraq begins exporting oil through Syria’s al-Yarubiyah crossing
Iraq begins exporting oil through Syria’s al-Yarubiyah crossing

A convoy of 70 Iraqi crude oil tankers has passed through the al-Yarubiyah border crossing into Syria, marking the first such shipment via the route in 14 years, reports Al Jazeera. According to Syrias SANA news agency, the convoy is bound for the Baniyas refinery on Syrias Mediterranean coast....

Iran warns US junk advice pushing oil to $140
Iran warns US junk advice pushing oil to $140

Iranian Parliament speaker mocked US presidents warnings that Irans oil wells could explode, calling it junk advice, saying that Washingtons blockade threats are instead driving global oil prices toward $140 per barrel, Mehr News Agency reported. 3 days in, no well exploded. We could extend to...

Oil rises on reports US will extend Iran blockade
Oil rises on reports US will extend Iran blockade

Oil prices have risen according to Reuters, extending a multi-day rally, on reports the US will extend its blockade of Iranian ports, likely prolonging supply disruptions from the key Middle East producing region. Brent crude futures for June rose 52 cents, or 0.47 per cent, to $111.78 a barrel...

Japanese oil tanker crosses Hormuz Strait with Iran’s approval
Japanese oil tanker crosses Hormuz Strait with Iran’s approval

A Japanese-owned supertanker carrying two million barrels of crude oil has successfully transited the Strait of Hormuz after securing permission from Iranian authorities, marking a rare passage through the strategic waterway since the launch of the US-Israeli war on Iran, Press TV reported. The...

Iran conflict disrupts PCB supply chain, driving up costs for tech firms
Iran conflict disrupts PCB supply chain, driving up costs for tech firms

The ongoing conflict in the Middle East has severely disrupted the supply chain for crucial raw materials, driving up prices for printed circuit boards (PCBs) used in nearly all electronic devices, from smartphones and computers to AI servers, according to industry sources and executives, reports...

Two workers killed in soil collapse in Ctg
Two workers killed in soil collapse in Ctg

Two workers were killed and two others injured after being buried under soil during construction work for a WASA project in the Agrabad Access Road area of Chattogram city early Thursday. The incident took place around 4:00 am. Fire Service personnel rushed to the scene and rescued the victims....

Iran says tanker managed to run US blockade
Iran says tanker managed to run US blockade

Irans army says an Iranian tanker managed to enter the countrys territorial waters last night, despite repeated threats from the US military, Al Jazeera reported. Despite multiple warnings and threats from the naval task force of the US Army the Iranian oil tanker Sili City, with the...

Uncertainty looms over US-Iran peace talks, oil prices surge
Uncertainty looms over US-Iran peace talks, oil prices surge

Global oil prices rose in Monday morning trade in Asia after President Donald Trump said the US has intercepted and seized an Iran-flagged cargo ship, reports BBC. Earliar, Iran said on Saturday that it was closing the Strait of Hormuz waterway again to commercial vessels and that any ship that...

BPC chief says 23% of expected refined oil consignments imported in April
BPC chief says 23% of expected refined oil consignments imported in April

Bangladesh Petroleum Corporation (BPC) Chairman Md Rezanur Rahman has said that 3-4 of the total 17 refined oil shipments expected in April has reached the country so far, with only 12 days remaining in the month. Speaking to BBC Bangla, the BPC chief gave a brief outlook of refined and crude...

ERL runs on low feed, fuel supply stable: Ministry
ERL runs on low feed, fuel supply stable: Ministry

The countrys only state-owned refinery, Eastern Refinery Limited (ERL), is operating at reduced capacity due to disruptions in crude oil imports linked to the ongoing Middle East conflict, the Energy Ministry said on Wednesday. In a statement, the Ministry of Power, Energy and Mineral Resources...

Death toll from boiler blast at Indian power plant rises to 14
Death toll from boiler blast at Indian power plant rises to 14

The death toll in the boiler explosion incident at a power plant operated by Indias Vedanta Ltd in the central Indian state ⁠of Chhattisgarh has risen to 14, with 20 others injured, reports Reuters. The cause of the explosion was not immediately identified. The incident took place on...

Furnace oil price hiked by Tk24 per litre
Furnace oil price hiked by Tk24 per litre

The retail price of furnace oil, supplied by the Bangladesh Petroleum Corporation, has been increased by Tk24.59 per litre following a decision of the Bangladesh Energy Regulatory Commission (BERC). Under the revised rate, furnace oil will now be sold at Tk94.69 per litre, up from Tk70.10. The...

Oil pipeline project lies idle despite billions spent
Oil pipeline project lies idle despite billions spent

A major oil handling and storage project in Bangladesh, built at a cost of more than Tk8,000 crore, has remained largely unused since its completion, raising concerns over inefficiency and lost economic potential. The Single Point Mooring (SPM) project at Maheshkhali in Coxs Bazar, designed to...

Market nerves return: oil rises, stocks dip on truce concerns
Market nerves return: oil rises, stocks dip on truce concerns

Oil prices climbed and stocks fell Thursday on fears over the nascent US-Iran ceasefire after Tehran threatened to resume hostilities after Israel launched a major bombardment of Lebanon, AFP reported. Equity markets across the globe soared and crude plunged Wednesday after US President Donald...

Stocks struggle, oil prices rise as Trump’s Hormuz deadline looms
Stocks struggle, oil prices rise as Trump’s Hormuz deadline looms

Global stocks have wavered as oil prices perch near $110 per barrel amid the prospect of even further escalation in the war in the Middle East, reports Al Jazeera. Investors and traders are nervous as the clock ticks down on US President Donald Trumps Tuesday deadline for Iran to reopen the...

Fuel import surge strains forex reserves amid Middle East turmoil
Fuel import surge strains forex reserves amid Middle East turmoil

Energy and external sectors are coming under mounting pressure as the government turns to costly alternative fuel imports amid global supply disruptions and escalating tensions in the Middle East. Rising import bills, growing strain on foreign exchange reserves, and uncertainty over remittance...

Fears mount over closure of country’s only oil refinery
Fears mount over closure of country’s only oil refinery

Bangladeshs only state-owned oil refinery, Eastern Refinery PLC (ERL), is facing a potential shutdown due to a shortage of crude oil following more than six weeks without fresh supplies. Officials warn that unless a new shipment arrives soon, refinery operations may have to be halted. To avert...

Kuwait oil price rises to more than $118 per barrel
Kuwait oil price rises to more than $118 per barrel

Kuwaiti oil prices surged by more than $8 on Saturday, state media reported, as the escalating conflict with Iran continues to disrupt global energy supplies through the strategic Strait of Hormuz. The price of a barrel of Kuwaiti crude jumped $8.10 to reach $118.93, according to the official...

Drone strike hits Turkish oil tanker in Black Sea, no casualties reported
Drone strike hits Turkish oil tanker in Black Sea, no casualties reported

A drone strike hit a Turkish crude oil tanker in the Black Sea near the Bosphorus Strait early Thursday, triggering an explosion but causing no casualties, Turkish authorities said. Turkiyes Transport Minister Abdulkadir Uraloglu confirmed that the vessel, identified as the Altura, was targeted...

Healthy soil key to thriving garden, experts say
Healthy soil key to thriving garden, experts say

A lush and vibrant garden begins beneath the surface, with experts stressing that healthy soil is the foundation of successful gardening, reports AP. While many focus on plants, specialists say soil is far more than just dirt. It is a living system rich in nutrients, organic matter and organisms...