World oil prices sank Monday as traders bet on de-escalation in the Middle East despite a strike on Israel by key crude producer Iran. Brent and WTI prices shed one percent while global stock markets diverged. Iran late on Saturday unleashed more than 300 ballistic and cruise missiles and attack drones --
Tag: oil
Oil prices up for geopolitical risk
Oil exporters make markets, not war
TCB to procure edible oil from local suppliers again
Cabinet Committee on Government Purchase approved some 10 proposals including procurement of edible oil by the TCB, and fertliser by BADC and BCIC. Trading Corporation of Bangladesh (TCB) will again purchase a total of 1.65 crore (16.5 million) litres of edible oil from three local companies to run its open marketing
TCB to procure 125 lakh litres soybean oil, 5000 kg lentil from 7 local suppliers
Trading Corporation of Bangladesh will directly procure some 125 lakh litres (12.5 million litre) of soybean oil and 5000 kilogram of lentil from 7 local suppliers without following any competitive process. Cabinet committee on government purchase (CCGB) in a meeting, with Finance Minister AHM Mustafa Kamal in the chair, gave approval
Oil prices extend losses in Asia, equities rise
Oil prices extended losses Tuesday after weak US and Chinese data reinforced recession expectations, though equities won support from hopes the figures will allow central banks to temper their pace of interest rate hikes. Stock traders tracked a Wall Street advance led by tech firms thanks to an increase in
Global food prices dropped significantly in July
Food prices dropped significantly in July, marking the fifth consecutive monthly decline since hitting record highs earlier in the year in the wake of the war in Ukraine, the UN Food and Agricultural Organization (FAO) said Friday. The UN agency has published its latest Food Price Index, the barometer that tracks